The term "Nidhi" means a treasure. It is regulated by article 406 of the Companies Act of 2013 and the Nidhi Rules of 2014. The Nidhi Company is designated as one of the types of NBFC. However, RBI approval is not required to start a Nidhi business, as it is an exempt…
What is NBFC? NBFC Stand for ( NON-BANKING FINANCIAL COMPANY ). A company registered under the Companies Act which is engaged in the business of providing credit facilities and advances the acquisition of securities and debt instruments or other marketable securities like natu…
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