Nidhi Company Rules, 2014

Nidhi Company Rules, 2014

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The Companies Act, 2013 (Act for short) cSection 406(1) of the Act defines the term nidhi as 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.

Section 406 (2) of the Act provides that the Central Government may, by notification, direct that any of the provisions of this Act shall not apply, or shall apply with such exceptions, modifications and adaptations as may be specified in that notification, to any Nidhi or Nidhis of any class or description as may be specified in that notification.

Nidhi Company Rules, 2014



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