Question
What is the minimum number of members required to be incorporated as a Nidhi company?
Refer to the following information to answer the next 4 questions (Q9 to Q12) Nidhi Company is an NBFC (Non-Banking Financial Company). Nidhi in simple terms means a company which is formed with the object of cultivating the habit of thrift and savings. These are regulated entities and the rules and directions governing Nidhi Companies are issued from time to time. The formation of the Nidhi Company is very easy process. It requires only ____ members out of which 3 members would be the directors. The Nidhi company takes hardly 10-5 days to get registered. Also no. of the documents required for the registration are very less.
More Alternate Sources of Finance Questions
- While assessing the cred it risk of a borrower for a Term Loan, the most important ratio to be considered is ______ _ .
- Who was ranked as the top central banker globally for the second consecutive year by Global Finance magazine in 2024?
- The expected return on the stock is 15%, the risk-free rate is 8% and the beta for the stock is 1.2. Compute the rate of return that would be expected on t...
- What is the new limit for Mudra loans as per the Union Budget 2024-2025?
- The process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities is called:
- Consider the following about 15th Finance Commission: I. It is the constitutional body. II. It determines the method and formula for distributing the tax...
- Where will the Bill receivable discounted but not due till date of final accounts, be shown under?
- All the following will be included in the company’s operating activities except:
- The difference in the standards and the actual figures are known as:
- The stand-by Letter of Credit (LC) or Bank Guarantee (BG) issued by scheduled commercial banks for Gold (Metal) Loans should be denominated in:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)