What is the structure of a nidhi company in India?

What is the structure of a nidhi company in India?

Nidhi Company is a Public Limited Company by nature and its structure.

Further, it is being guided by the Companies, Act 2013, Income Tax Act, 1961, Nidhi Rules 2014 and notification as and when issued by the Government of India. Nidhi Company can deal with its members only and cannot deal with any other person directly.

Nidhi Company is also a Non Banking Financial Company (NBFC) which is being exempted by the Reserve Bank of India (RBI) from its core provisions. It has to work as per the Nidhi Rules, 2014 and other notifications and relevant companies act provisions.

Further, it is highly recommended to comply with all the provisions properly, so to avoid any penalty and late charges and any strict action from the Government of India.


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