by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Firms, as mutual benefit financial institutions, have traditionally relied on manual systems for managing their operations, including membership management, deposit tracking, and loan disbursement. However, with the evolution of the financial sector...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies are financial institutions governed by the Companies Act, 2013 and Nidhi Rules, 2014. As mutual benefit societies, they are responsible for accepting deposits and lending to their members, operating strictly within a defined regulatory...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies function as mutual benefit societies under Section 406 of the Companies Act, 2013, and are regulated by the Nidhi Rules, 2014. Their core objective is to mobilize member savings and provide secured credit to members. Unlike commercial...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies, registered under Section 406 of the Companies Act, 2013 and regulated by the Nidhi Rules, 2014, operate to cultivate thrift and provide credit exclusively to their members. These entities are permitted to open branches to expand their...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction The principle of mutual benefit is the foundation on which Nidhi Companies operate. Registered under Section 406 of the Companies Act, 2013 and regulated by the Nidhi Rules, 2014, these institutions are designed not for profit maximization but for...
