by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies, established under Section 406 of the Companies Act, 2013 and regulated by the Nidhi Rules, 2014, have long operated on traditional, community-based financial principles. Their primary function is to promote savings and provide credit...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies are member-centric financial institutions registered under Section 406 of the Companies Act, 2013, and regulated by the Nidhi Rules, 2014. Their core function is to accept deposits from and provide loans to their members on a mutual...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies are mutual benefit financial institutions incorporated under Section 406 of the Companies Act, 2013, and governed by the Nidhi Rules, 2014. Their primary objective is to promote thrift and savings among members and to lend funds...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies are financial entities recognized under Section 406 of the Companies Act, 2013, and regulated by the Nidhi Rules, 2014. They operate as mutual benefit societies to encourage savings among their members and provide loans at reasonable...
by Audit Analyst | Sep 27, 2025 | Nidhi Company
Introduction Nidhi Companies are a special category of non-banking financial institutions formed under Section 406 of the Companies Act, 2013, and governed by the Nidhi Rules, 2014. They are designed to foster financial discipline and mutual benefit among their...
