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Nidhi Company Registration

Original price was: ₹12,000.00.Current price is: ₹11,800.00.

It works on the principle of mutual benefits that are regulated by the Ministry of Corporate Affairs. Nidhi Company is a class of Non-Banking Financial Company(NBFC) and Reserve Bank of India(RBI) has powers to issue directives for them related to their deposit acceptance activities

Description

  1. Register at least 200 members.
  2. Maintain minimum net owned funds (NOF) of Rs. 10 Lakh.
  3. Maintain NOF to deposit ratio of 1:20.
  4. Of all the outstanding deposits, at least 10% must be unencumbered term deposits.

It works on the principle of mutual benefits that are regulated by the Ministry of Corporate Affairs. Nidhi Company is a class of Non-Banking Financial Company(NBFC) and Reserve Bank of India(RBI) has powers to issue directives for them related to their deposit acceptance activities.

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