Nidhi Companies Full Form, Chit Fund and Nidhi Software, Nidhi Development - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Nidhi Companies Full Form, Chit Fund and Nidhi Software, Nidhi Development

Description:

NidhiPro is the online web & Mobile Based Deposit, Term Deposit like Pigmy, RD, FD, MIS and Loan management Software. NidhiPro software is Simple, Clean, Intuitive, Reliable, Efficient, Pleasant and user-friendly interface is not overly complex, but instead is straightforward, providing quick access to common features or commands. – PowerPoint PPT presentation

Number of Views:32

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Nidhi Companies Full Form, Chit Fund and Nidhi Software, Nidhi Development


1
NIDHI COMPANY
IMPORTANT POINTS TO REMEMBER
BY WEBSOFETX SOFWTARES
WWW.WEBSOFTEX.COM
2
CONCEPT
Nidhi Companies in India were created for
cultivating the habit of small savings targeted
at the lower and middle class.
3
CONCEPT
Its investment structure consists of realigning
funds within a growing group of members who
benefit from returns at fixed durations. 
4
CONCEPT
  • The contributions of funds generated in Nidhi
    investments are realized from its members
    (shareholders). 
  • Nidhi companies are minute when compared to the
    banking sector and promotes the cultivation of
    savings amongst a group of people.

WWW.WEBSOFTEX.COM
5
FEATURES
  • Promotes small savings among middle and lower
    middle class
  • Accepts term deposits for timely returns
  • Easy source of loan to members against
    collateral

WWW.WEBSOFTEX.COM
6
FEATURES
  • Effective means of savings and loans with minimum
    documentation.
  • Secured means of investment due to rigid
    membership structure

7
OBJECTIVE
  • The primary object of Nidhi companies is
    investment deposits and loans applicable to
    members only.
  • Loans are provided to members against collateral
    in form of jeweler and mortgage of property.

8
IMPORTANT POINTS
  • A Nidhi Company must have a minimum of 200
    shareholders
  • A Nidhi company must have unencumbered term
    deposits of not less than 10 of the outstanding
    deposits
  • A Nidhi must have net owned funds of ten
    lakh rupees or more

WWW.WEBSOFTEX.COM
9
IMPORTANT POINTS
  • Minimum 7 Shareholders and 3 Directors are
    required to incorporate the Nidhi Company
  • Nidhi can issue only rights shares and
    unsubscribed portion of rights issue can be
    apportioned by the Board of Directors as per the
    existing law

WWW.WEBSOFTEX.COM
10
IMPORTANT POINTS
  • A Nidhi Company must ensure that the number of
    membership should feature a minimum of 200
    shareholders.
  • Nidhi Investments for minors can only be done
    where the legal guardian is a member of the Nidhi
  • Nidhi members should not exercise over and above
    10 of the total voting rights of all
    shareholders

WWW.WEBSOFTEX.COM
11
IMPORTANT POINTS
  • Every Nidhi Company shall issue the equity shares
    of a minimum value of Rs10
  • The Nidhi Company should not be allowed to issue
    any new preference shares at any time.

WWW.WEBSOFTEX.COM
12
A SOFTWARE ALL YOU NEED
About PowerShow.com