Advantages of Nidhi Company

According to the section 406 of the Companies Act of 2013, Nidhi Company is the non-banking financial institute that is established with the objective to develop the habit of saving amongst its members. Nidhi Companies accept deposit and provide loan among its members only. Nidhi companies work according to the guidelines of Reserve Bank of India. Although, they can perform their operation without any imperative condition of getting any license from RBI. Seven members can commence Nidhi company, and within one year the company must ensure that it has not less than 200 members.   

Litigation Services by Prestigious Law Firms of India

 

There are so many law Intricacies involved in the business. Business person needs to be careful and innovative while handling a business. A lot of responsibilities come while running a business and the protection of the business is one of the most important responsibilities. In India, there is a lot of commercial law that applies to the business, and these laws are used to solve any dispute among the company, customer, and some other company. Therefore, it is not possible for a business person to know about all laws related to business. In such scenario litigation services in India by law firm are recommended.