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.Solution
Nidhi Company can be incorporated with a minimum seven members and out of these 7 members, 3 members must be the director of the company. Â
Which of the following sections defines burden of proof?
What is the process if there is a vacancy or defect in the Board’s constitution?
Any person cannot deny maintenance to his wife, children and parents if_____________.
What must a depository obtain from the Board before it can act as a depository as per the Depositories Act?
Quia Timet means________________
Nothing is an offence which is done by a child under ……. Of age
As per the provisions of the Central Vigilance Commission Act no act or proceeding of the Commission shall be invalid merely by reason of_______________...
Which of the following jurists is associated with the 'Pure Theory of Law'?
A guarantee which is obtained by way of misrepresentation or concealment is__________
Winding up of an LLP:
