Question
Within one year of incorporation, what should be the ratio of net owned funds to the deposits for Nidhi companies?
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 Banking System in India Questions
- What is the tenure of the SGB?
- Expand FETERS
- How does Green GDP differ from traditional GDP?
- Consider the following about Prevention of Money Laundering Act. I. PMLA was enacted in 2002 and it came into force in 2005. II. The PLMA has been amended ...
- Which of the following best describes the bulk deposit limit for UCBs that are not categorized as Tier 3 or Tier 4 under the RBI’s revised guidelines?
- The objective of Pradhan Mantri Gram Sadak Yojana (PMGSY) is to provide single all-weather road connectivity to all eligible unconnected habitations of the...
- What advantage do niche financial centers have over larger centers?
- Section 45ZA in BANKING REGULATION ACT 1949 deals with?
- Selling off the stake of the government in a Public Sector Undertaking is known as –
- Which process is being referred to in the above passage?
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