Introduction Nidhi Companies are incorporated under Section 406 of the Companies Act, 2013, and regulated by the Nidhi Rules, 2014. As mutual benefit societies, they function to promote thrift and provide secured loans to their members. Unlike traditional Non-Banking...
Introduction Corporate governance refers to the framework of rules, practices, and processes by which a company is directed and controlled. For Nidhi Companies, which are formed for mutual benefit under Section 406 of the Companies Act, 2013, and governed by the Nidhi...
Introduction Nidhi Companies, established under Section 406 of the Companies Act, 2013 and governed by the Nidhi Rules, 2014, are mutual benefit societies focused on mobilizing savings and extending credit exclusively to their members. Credit distribution is the core...
Introduction Nidhi Companies, regulated under Section 406 of the Companies Act, 2013 and Nidhi Rules, 2014, operate on the mutual benefit model where members deposit funds and avail credit. Since these companies collect money from individuals, investor (member)...
Introduction As Nidhi Companies increasingly adopt digital platforms to manage member data, process transactions, and offer online services, they must operate within the legal framework laid down by India’s cyber laws. Governed by the Information Technology Act, 2000,...
Introduction With the rapid adoption of financial technology in India, digital wallets have become an essential part of modern financial transactions. These wallets offer secure, fast, and cashless payments through mobile apps and online platforms. Nidhi Companies,...
Introduction Nidhi Firms, governed under the Companies Act, 2013 and Nidhi Rules, 2014, are required to comply with statutory filings and disclosures to the Ministry of Corporate Affairs (MCA). With the government’s emphasis on digital governance, the filing of...
Introduction Nidhi Companies, established under Section 406 of the Companies Act, 2013 and regulated by the Nidhi Rules, 2014, are non-banking financial entities designed to promote savings and provide affordable credit to their members. They operate on the principle...
Introduction The Board Report of a Nidhi Company is a statutory document required under Section 134 of the Companies Act, 2013. It is prepared and submitted annually by the Board of Directors and presented to the members in the Annual General Meeting. The Board Report...
Introduction Nidhi Companies are governed under the Companies Act, 2013, and the Nidhi Rules, 2014. While Nidhi Companies do not require a Reserve Bank of India license, their status and compliance recognition by the Ministry of Corporate Affairs (MCA) can be affected...