NIDHI COMPANY INDIA
•Nidhi companies in India are permitted to engage in private circulation of loan and investment schemes among members only.
NIDHI COMPANY INDIA
• No advertisement shall be made for mobilization of Nidhi investments and resources. • No brokerage or incentives will be allowed to be paid for mobilizing deposits from members or granting loans.
NIDHI COMPANY INDIA
• A Nidhi company is a good investment due to an effective and secure mechanism of financial management in place. • Starting a Nidhi company is beneficial for long term gains due to the nature of investments and procedures.
INVESTING IN NIDHI COMPANY
As there is not much scope of mismanagement of funds due to every member being an authority, thus Nidhi’s are transparent in operation to the point of having the potential for good ROI.
INVESTING IN NIDHI COMPANY
• Nidhi company does not involve the process of regular business corporations • the process itself is not as complicated. • Once you have started your Nidhi Company, you can be assured of a successful venture resulting in effective growth.
REGULATIONS OF NIDHI COMPANY
The RBI review Committee recommended that any company engaging in a Nidhi based business as defined above should have the word ‘Nidhi’ added to the company’s name.
RBI AND NIDHI COMPANY
Existing companies that function similar to the activities of a Nidhi company as defined by the RBI directives will also have to add the word ‘Nidhi’ after their registered name.
RBI AND NIDHI COMPANY
The reason for such a directive is to apprise the general public to differentiate between a regular finance investment company and a Nidhi company.
RBI AND NIDHI COMPANY