Easy Office
LCI Learning

S 269 ss

This query is : Resolved 

12 April 2019 In the case of a Nidhi Company, deposit can be made in savings account up to Rs.1 lakhs. Is the above section is applicable to a Nidhi Company. If it is applicable it will be very difficult to operate a savings account. What is the remedy for that.

14 April 2019 The remedy is to open a bank account. You can deposit and withdraw by cheques so that question of law can not be raised.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query