Can a Nidhi company advertise in any form in India?
Nidhi companies are one of the cheapest form of NBFC in India which also do not need any Reserve Bank of India approval. However, one of the most important restriction is that the Nidhi company cannot advertise itself and hence cannot promote itself.
As per law, a Nidhi company cannot advertise to solicit for deposits. However, the law nowhere restricts a person from advertising to lend money and which could ultimately help the company in promotion.
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