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Nidhis

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(Querist)
05 January 2016 What is the meaning of nidhis with respect to company Act? Please give some example and also procedure followed in Act
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Ankur Singhal

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Ankur Singhal (Expert)
05 January 2016 Dear
nidhi is not explained in company act 2013
but in general nidhi means savings and nidhi companies means the company that develop the habit of its members to save money with them.

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