Nidhi Company Registration
Nidhi company is a public limited company which registered u/s 406 of companies act, 2013 and works as a boon in the financial sector. It is working like a mini bank. In India, Nidhi company has the sole power to take deposits from its members, in the form of F.D, R.D, D.D, M.I.S., etc. It has the capabilities to open the saving A/c and to issue passbook to its members along with to facilitate the loan services like gold loan, silver loan, loan against any precious metal, loan against any immovable property, loan against any certificate i.e., the bond of insurance, fixed deposit, etc. Deposits and Interest under nidhi company loan limit: Let see about deposits and their interest rates under Nidhi company 1. Nidhi Company can take deposits in the form of- Fixed Deposits (F.D) Recovery Deposits (R.D) Daily Deposits (D.D) Monthly Income Scheme (M.I.S) 2. Limits of Deposits- As per the Nidhi rules, 2014 a Nidhi company can take deposits 20 times