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Is Nidhi Company treted as Cheeting Company?
Any company are not a cheeting company including nidhi company. But any company can cheet with people.
What is a Nidhi company?
Nidhi company is a company registered under Companies Act and notified as a nidhi company by Central Government under Section 620-A of Companies Act. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders.
How a nidhi company is formed in west Bengal?
A Nidhi company is formed in West Bengal easily. The company just needs to apply for a permit with the local authorities to get the company established and set up properly.
How do you registerd a nidhi company under section 620-A of companies act?
In order to register as a nidhi company in India under section 620-A of companies act, you will have to apply at the Ministry of Corporate Affairs headquarters.
How a Nidhi company is formed in India?
Nidhi Companies are Companies notified by the Central Government as such under Section 620A of the Companies Act, 1956.These Companies mainly engage in the business of collecting deposits in the form of Savings Deposit, Recurring Deposit etc.... and also lend to the same to the members of the Company. One of the important feature of a nidhi Company is that it deals only with members (share holders). Thus if you want to deposit any amount in a nidhi Company or want to avail a loan from a Nidhi Company, first you have to become a member by subscribing to shares of the Company.Moreoover, Nidhi Companies can open SB Accounts for its members. Moreover, there are certain restrictions like a Director can hold office for a contimuos period of 10 years only and an Auditor for a period of 5 years.Warm RegardsBirendra Banka9661805650
What is difference nidhi company and chitti?
I know Nidhi company ,its under ROC, recognize by RBI with special notification .......... normally ROC of any state give permission to work on same ........... I don't know that what is chitti , If i am not wrong ,you are asking for Chit funds company..................... then reply me .........
Nidhi Rao?
Nidhi Rao
When was Bimalendra Nidhi born?
Nidhi Buley was born in 1986.
What is the meaning of name nidhi?
nidhi means money
Who is nidhi?
Nidhi is a name. It means " treasure" in Hindi. It is NOT a person.
When was Nidhi Eoseewong born?
Nidhi Eoseewong was born in 1940.
How tall is Nidhi Bagri?
Nidhi Bagri is 5' 6".
