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 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.
company's
Factory is for manifacturing............ But company is for promote and selling things......
A bondholder is a creditor to a company whereas a shareholder is a owner of a company.
It is the difference between proprietorship firm and a company. In a sole trading company, the risk and rewards are unlimited and solely rests with the proprietor. In a limited company, the owner can not lose more than his contribution to the capital irrespective of the size of the loss of the company.
Any company are not a cheeting company including nidhi company. But any company can cheet with people.
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.
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.
By filing form 2 and form 63.
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.
Chitti Tammudu was created in 1962.
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
Nidhi Rao
Nidhi Buley was born in 1986.
nidhi means money
Chitti Babu - musician - died on 1996-02-09.
Chitti Babu - musician - was born on 1936-10-13.