Information about Nidhi Company In India
Nidhi Company in India is formed to provide a facility to borrow and lend money to its members. It inculcates the habit of saving among its members and works on the principle of mutual profit. Nidhi Company isn’t needed to receive the license from the banking concern of the Reserve Bank of India (RBI), thus it's simple to form. It is registered as a public company and should have mentioned “Nidhi Limited” as the last word of its name.
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