Nidhi Companies in India, What is Nidhi Company, Nidhi Banking Rules, Nidhi Ltd in India, Nidhi Software Provide - PowerPoint PPT Presentation
Title:
Nidhi Companies in India, What is Nidhi Company, Nidhi Banking Rules, Nidhi Ltd in India, Nidhi Software Provide
Description:
A nidhi company, is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit 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 deposit acceptance activities. – PowerPoint PPT presentation
Number of Views:1311
Title: Nidhi Companies in India, What is Nidhi Company, Nidhi Banking Rules, Nidhi Ltd in India, Nidhi Software Provide
1
NIDHI COMPANY BASIS
BASIC INFORMATION ABOUT NIDHI COMPANY
www.websoftex.com
www.websoftex.com
2
NIDHIS
- Nidhi means a company which has been
incorporated as a Nidhi with the object of
cultivating the habit of thrift and savings
amongst its members, receiving deposits from, and
lending to, its members only, for their mutual
benefit, and which complies with such rules as
are prescribed by the Central Government for - regulation of such class
- of companies.
www.websoftex.com
3
OBJECTIVE
- The primary object of Nidhi's is to hold on the
business of accepting deposits and disposal cash
to member-borrowers solely against jewels, etc.,
and mortgage of property. - Nidhis on account of their money and body
strength have opened branches inside the various
revenue district and - even outside.
www.websoftex.com
4
OBJECTIVE
- Nidhis on account of their money and body
strength have opened branches inside the various
revenue district and even outside.
www.websoftex.com
5
PRINCIPLE
- The principle of mutual profit has been to pool
the savings from members and lend solely to
members and ne'er have handling Non members.
www.websoftex.com
6
PRINCIPLE
- Nidhis aren't expected to interact themselves
within the business of check Fund, rent purchase,
insurance or in the other business as well as
investments in shares or debentures.
www.websoftex.com
7
MEMBERSHIP
- A Nidhi shall not admit a body company or trust
as a member. - A minor shall not be admitted as a member of
Nidhi. it should be noted that deposits could
also be
www.websoftex.com
8
MEMBERSHIP
- Every Nidhi shall make sure that its membership
isn't reduced to but 2 hundred - members at any time.
- accepted within the name of a minor, if they're
created by the natural or trustee United Nations
agency may be a member of Nidhi
www.websoftex.com
9
ADVANTAGES
- Promotes little savings among middle and lower
socio-economic class - Easy supply of loan to members against collateral
- Accepts term deposits for
- timely returns
www.websoftex.com
10
CONTACT FOR BUSINESS
11
(No Transcript)
