Nidhi visitor is a visitor that belongs to the non-banking finance sector in Indian and is recognized under section 406 of the Companies Act, 2013. Their personnel merchant is borrowing and lending money between their members. They are moreover known as Permanent Fund, Goody Funds, Mutual Goody Funds and Mutual Goody Company. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relating to their petrifaction visa activities. However, in recognition of the fact that these companies deal with their shareholder-members only.
Nidhi companies existed plane prior to the existence of companies Act 1913. The vital concept of Nidhi is “Principle of Mutuality” (“Paraspara Sahayata”). Thus they function for the worldwide goody wholesomeness of all their members/shareholders. Contact us for free demo. Mob: 9916807666, 9590355556 or visit www.websoftex.com