by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies, registered under Section 406 of the Companies Act, 2013 and governed by the Nidhi Rules, 2014, are member-based financial institutions that function on the principles of mutual benefit. They are designed to encourage savings and provide...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction The foundation of a Nidhi Company lies in its members, who not only form the core of its existence but also actively participate in its financial and operational activities. Registered under Section 406 of the Companies Act, 2013 and regulated by the...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction A Nidhi Company is a mutual benefit financial institution registered under Section 406 of the Companies Act, 2013, and governed by the Nidhi Rules, 2014. It operates exclusively for the benefit of its members by accepting deposits and providing loans...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction A Nidhi Company is a non-banking financial entity incorporated under Section 406 of the Companies Act, 2013, and governed by the Nidhi Rules, 2014. It is established to encourage savings and lending among a specific group of members. Promoters play a...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies are mutual benefit societies registered under Section 406 of the Companies Act, 2013, and governed by the Nidhi Rules, 2014. These companies operate by accepting deposits and providing loans exclusively to their members. The success and...
