How to Incorporate a Nidhi Company
Section 406 of Companies Act 2013 and Companies (Nidhi Companies) Rules, 2014 govern Nidhi companies. A Nidhi company has been incorporated with the following objectives: 1. Imbibing the habit of thrift and savings amongst its members. 2. Receiving and lending deposits from/to its members for their mutual benefit, which complies with rules of Chapter XXVI of […]