Main Objects of the Nidhi Company Limited
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Looking for main objects or activities of a Nidhi Company. Here’s the indicative list of main objects, MOA of NIDHI Limited company:
Objectives of Nidhi Company
1. To enable, encourage members to save money, by cultivating the habit of thrift and provide facilities for this purpose.
2. To receive money by way of Fixed, Recurring and Saving Deposits from the members of the Company only as are allowed by Law and the company will carry out the businesses as per the rules prescribed for Nidhi /Mutual Benefit Company.
3. To grant loan to the members at favorable rate of interest on immovable properties, on deposits with Company and on gold, silver and jewellery.
4. To restrict the business specifically to its members only and to have transaction only with the members.
Memorandum of Nidhi Company
Dear Friends, the above object clause can be used for the memorandum of association of Nidhi company. We all know that the Nidhi company has a very specific objective defined as per the Nidhi Rules.
So, stick to the above-listed objectives while preparing moa of Nidhi company.
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Panning to register your Nidhi Company in India. Contact us for free legal advice. We will help you in:
- Registration of your Nidhi / Mutual Benefits Company
- Trademark Registration
- GST Registration
- GST Return Filing
- TDS Return Filing
- Annual Compliance for Private Limited Company