{"id":6735,"date":"2023-12-26T12:43:34","date_gmt":"2023-12-26T07:13:34","guid":{"rendered":"https:\/\/simplemyfiling.com\/?p=6735"},"modified":"2023-12-26T12:45:02","modified_gmt":"2023-12-26T07:15:02","slug":"nidhi-company-section","status":"publish","type":"post","link":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/","title":{"rendered":"nidhi company section"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6735\" class=\"elementor elementor-6735\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a080083 e-flex e-con-boxed e-con e-parent\" data-id=\"a080083\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e301a2e eael-dual-header-content-align-center elementor-widget elementor-widget-eael-dual-color-header\" data-id=\"e301a2e\" data-element_type=\"widget\" data-widget_type=\"eael-dual-color-header.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t        <div class=\"eael-dual-header\">\n\t\t\t\t<h2 class=\"title\"><span class=\"ez-toc-section\" id=\"nidhi_company_section\"><\/span><span  class=\"lead solid-color\">nidhi company <\/span> <span>section<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-69d3bd2202a68\" ><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-69d3bd2202a68\"  type=\"checkbox\" id=\"item-69d3bd2202a68\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#nidhi_company_section\" title=\"nidhi company  section\">nidhi company  section<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#Understanding_Nidhi_Companies_under_Section_406\" title=\"Understanding Nidhi Companies under Section 406:\">Understanding Nidhi Companies under Section 406:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#1_Section_406_of_the_Companies_Act_2013\" title=\"1. Section 406 of the Companies Act, 2013:\">1. Section 406 of the Companies Act, 2013:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#2_Definition_of_Nidhi_Company\" title=\"2. Definition of Nidhi Company:\">2. Definition of Nidhi Company:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#3_Objective_of_Nidhi_Companies\" title=\"3. Objective of Nidhi Companies:\">3. Objective of Nidhi Companies:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#4_Membership_Criteria\" title=\"4. Membership Criteria:\">4. Membership Criteria:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#5_Core_Activities\" title=\"5. Core Activities:\">5. Core Activities:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#6_Compliance_Requirements\" title=\"6. Compliance Requirements:\">6. Compliance Requirements:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#7_Minimum_Capital_and_Reserves\" title=\"7. Minimum Capital and Reserves:\">7. Minimum Capital and Reserves:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#8_Lending_and_Borrowing\" title=\"8. Lending and Borrowing:\">8. Lending and Borrowing:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#9_Board_of_Directors\" title=\"9. Board of Directors:\">9. Board of Directors:<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\t\t\t\t<span class=\"subtext\"><\/span>\n\t\t\t\t<\/div>\n\t\n\t\t\n\t\t\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-375a9e09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"375a9e09\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-515d5dcd\" data-id=\"515d5dcd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6580e071 elementor-widget elementor-widget-text-editor\" data-id=\"6580e071\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div class=\"flex-1 overflow-hidden\"><div class=\"react-scroll-to-bottom--css-fstva-79elbk h-full\"><div class=\"react-scroll-to-bottom--css-fstva-1n7m0yu\"><div class=\"flex flex-col pb-9 text-sm\"><div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-253\"><div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\"><div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\"><div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\"><div class=\"flex-col gap-1 md:gap-3\"><div class=\"flex flex-grow flex-col max-w-full\"><div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"50b37344-38b2-40e3-9722-956205da64b6\"><div class=\"markdown prose w-full break-words dark:prose-invert light\"><p>The term &#8220;section&#8221; in the context of Nidhi Companies is often associated with specific sections of the Companies Act, which governs the formation and operation of companies in India. Nidhi Companies are governed by Section 406 of the Companies Act, 2013.<\/p><h3><span class=\"ez-toc-section\" id=\"Understanding_Nidhi_Companies_under_Section_406\"><\/span>Understanding Nidhi Companies under Section 406:<span class=\"ez-toc-section-end\"><\/span><\/h3><h4><span class=\"ez-toc-section\" id=\"1_Section_406_of_the_Companies_Act_2013\"><\/span>1. <strong>Section 406 of the Companies Act, 2013:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>This section specifically deals with the provisions related to Nidhi Companies.<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"2_Definition_of_Nidhi_Company\"><\/span>2. <strong>Definition of Nidhi Company:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>According to Section 406, a Nidhi Company is a type of non-banking financial institution that primarily deals with borrowing and lending money among its members.<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"3_Objective_of_Nidhi_Companies\"><\/span>3. <strong>Objective of Nidhi Companies:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>The primary objective of Nidhi Companies, as outlined in Section 406, is to cultivate the habit of thrift and savings among its members and to lend funds to them for mutual benefit.<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"4_Membership_Criteria\"><\/span>4. <strong>Membership Criteria:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>Section 406 specifies the eligibility criteria for becoming a member of a Nidhi Company. Members should be individuals and must comply with the rules laid out by the company.<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"5_Core_Activities\"><\/span>5. <strong>Core Activities:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>Nidhi Companies, as per this section, are restricted in their activities. They can only deal with funds received from their members and are prohibited from engaging in any other financial business.<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"6_Compliance_Requirements\"><\/span>6. <strong>Compliance Requirements:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>Section 406 establishes the legal framework for the incorporation, membership, and operation of Nidhi Companies. It also mandates compliance with the rules and regulations set forth by the Ministry of Corporate Affairs (MCA).<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"7_Minimum_Capital_and_Reserves\"><\/span>7. <strong>Minimum Capital and Reserves:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>The section stipulates the minimum capital requirements for Nidhi Companies and requires them to maintain specific reserves.<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"8_Lending_and_Borrowing\"><\/span>8. <strong>Lending and Borrowing:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>Nidhi Companies, under Section 406, have limitations on the amount they can lend to their members and the terms under which such lending can occur.<\/li><\/ul><h4><span class=\"ez-toc-section\" id=\"9_Board_of_Directors\"><\/span>9. <strong>Board of Directors:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4><ul><li>The composition, powers, and responsibilities of the Board of Directors are also governed by this section.<\/li><\/ul><p>Understanding Section 406 is crucial for anyone involved in the establishment or management of a Nidhi Company. It provides the legal framework that defines the structure, functioning, and limitations of Nidhi Companies to ensure their operations align with the broader objectives of financial inclusion and mutual benefit.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>nidhi company section The term &#8220;section&#8221; in the context of Nidhi Companies is often associated with specific sections of the Companies Act, which governs the formation and operation of companies in India. Nidhi Companies are governed by Section 406 of the Companies Act, 2013. Understanding Nidhi Companies under Section 406: 1. Section 406 of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6725,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_joinchat":[]},"categories":[577],"tags":[566],"blocksy_meta":"","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>nidhi company section | simplemyfiling<\/title>\n<meta name=\"description\" content=\"Nidhi Company falls under Section 406 of the Companies Act, 2013. Discover key provisions and regulations governing Nidhi Companies for effective compliance and operations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"nidhi company section | simplemyfiling\" \/>\n<meta property=\"og:description\" content=\"Nidhi Company falls under Section 406 of the Companies Act, 2013. Discover key provisions and regulations governing Nidhi Companies for effective compliance and operations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/\" \/>\n<meta property=\"og:site_name\" content=\"simplemyfiling\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/people\/Simplemyfiling\/61551704176212\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-26T07:13:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-26T07:15:02+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1880\" \/>\n\t<meta property=\"og:image:height\" content=\"1263\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Himanshu sekhar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Himanshu sekhar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/\"},\"author\":{\"name\":\"Himanshu sekhar\",\"@id\":\"https:\/\/simplemyfiling.com\/#\/schema\/person\/792e9aa121658ea8ad23ee9329e51155\"},\"headline\":\"nidhi company section\",\"datePublished\":\"2023-12-26T07:13:34+00:00\",\"dateModified\":\"2023-12-26T07:15:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/\"},\"wordCount\":339,\"publisher\":{\"@id\":\"https:\/\/simplemyfiling.com\/#organization\"},\"keywords\":[\"nidhi\"],\"articleSection\":[\"Compliance\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/\",\"url\":\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/\",\"name\":\"nidhi company section | simplemyfiling\",\"isPartOf\":{\"@id\":\"https:\/\/simplemyfiling.com\/#website\"},\"datePublished\":\"2023-12-26T07:13:34+00:00\",\"dateModified\":\"2023-12-26T07:15:02+00:00\",\"description\":\"Nidhi Company falls under Section 406 of the Companies Act, 2013. Discover key provisions and regulations governing Nidhi Companies for effective compliance and operations.\",\"breadcrumb\":{\"@id\":\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simplemyfiling.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"nidhi company section\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/simplemyfiling.com\/#website\",\"url\":\"https:\/\/simplemyfiling.com\/\",\"name\":\"simplemyfiling\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/simplemyfiling.com\/#organization\"},\"alternateName\":\"simple my filing\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/simplemyfiling.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/simplemyfiling.com\/#organization\",\"name\":\"simplemyfiling\",\"url\":\"https:\/\/simplemyfiling.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/simplemyfiling.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/06\/simplemyfiling-logo-croped.png\",\"contentUrl\":\"https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/06\/simplemyfiling-logo-croped.png\",\"width\":12280,\"height\":2102,\"caption\":\"simplemyfiling\"},\"image\":{\"@id\":\"https:\/\/simplemyfiling.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/people\/Simplemyfiling\/61551704176212\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/simplemyfiling.com\/#\/schema\/person\/792e9aa121658ea8ad23ee9329e51155\",\"name\":\"Himanshu sekhar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/simplemyfiling.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2da2dae162615c83b68351520c5b3d73?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2da2dae162615c83b68351520c5b3d73?s=96&d=mm&r=g\",\"caption\":\"Himanshu sekhar\"},\"sameAs\":[\"http:\/\/simplemyfiling.com\"],\"url\":\"https:\/\/simplemyfiling.com\/index.php\/author\/simplemyfilinggmail-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"nidhi company section | simplemyfiling","description":"Nidhi Company falls under Section 406 of the Companies Act, 2013. Discover key provisions and regulations governing Nidhi Companies for effective compliance and operations.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/","og_locale":"en_GB","og_type":"article","og_title":"nidhi company section | simplemyfiling","og_description":"Nidhi Company falls under Section 406 of the Companies Act, 2013. Discover key provisions and regulations governing Nidhi Companies for effective compliance and operations.","og_url":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/","og_site_name":"simplemyfiling","article_publisher":"https:\/\/www.facebook.com\/people\/Simplemyfiling\/61551704176212\/","article_published_time":"2023-12-26T07:13:34+00:00","article_modified_time":"2023-12-26T07:15:02+00:00","og_image":[{"width":1880,"height":1263,"url":"http:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979.jpeg","type":"image\/jpeg"}],"author":"Himanshu sekhar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Himanshu sekhar","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#article","isPartOf":{"@id":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/"},"author":{"name":"Himanshu sekhar","@id":"https:\/\/simplemyfiling.com\/#\/schema\/person\/792e9aa121658ea8ad23ee9329e51155"},"headline":"nidhi company section","datePublished":"2023-12-26T07:13:34+00:00","dateModified":"2023-12-26T07:15:02+00:00","mainEntityOfPage":{"@id":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/"},"wordCount":339,"publisher":{"@id":"https:\/\/simplemyfiling.com\/#organization"},"keywords":["nidhi"],"articleSection":["Compliance"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/","url":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/","name":"nidhi company section | simplemyfiling","isPartOf":{"@id":"https:\/\/simplemyfiling.com\/#website"},"datePublished":"2023-12-26T07:13:34+00:00","dateModified":"2023-12-26T07:15:02+00:00","description":"Nidhi Company falls under Section 406 of the Companies Act, 2013. Discover key provisions and regulations governing Nidhi Companies for effective compliance and operations.","breadcrumb":{"@id":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/26\/nidhi-company-section\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/simplemyfiling.com\/"},{"@type":"ListItem","position":2,"name":"nidhi company section"}]},{"@type":"WebSite","@id":"https:\/\/simplemyfiling.com\/#website","url":"https:\/\/simplemyfiling.com\/","name":"simplemyfiling","description":"","publisher":{"@id":"https:\/\/simplemyfiling.com\/#organization"},"alternateName":"simple my filing","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/simplemyfiling.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/simplemyfiling.com\/#organization","name":"simplemyfiling","url":"https:\/\/simplemyfiling.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/simplemyfiling.com\/#\/schema\/logo\/image\/","url":"https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/06\/simplemyfiling-logo-croped.png","contentUrl":"https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/06\/simplemyfiling-logo-croped.png","width":12280,"height":2102,"caption":"simplemyfiling"},"image":{"@id":"https:\/\/simplemyfiling.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/people\/Simplemyfiling\/61551704176212\/"]},{"@type":"Person","@id":"https:\/\/simplemyfiling.com\/#\/schema\/person\/792e9aa121658ea8ad23ee9329e51155","name":"Himanshu sekhar","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/simplemyfiling.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2da2dae162615c83b68351520c5b3d73?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2da2dae162615c83b68351520c5b3d73?s=96&d=mm&r=g","caption":"Himanshu sekhar"},"sameAs":["http:\/\/simplemyfiling.com"],"url":"https:\/\/simplemyfiling.com\/index.php\/author\/simplemyfilinggmail-com\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979.jpeg","rttpg_featured_image_url":{"full":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979.jpeg",1880,1263,false],"landscape":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979.jpeg",1880,1263,false],"portraits":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979.jpeg",1880,1263,false],"thumbnail":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979-150x150.jpeg",150,150,true],"medium":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979-300x202.jpeg",300,202,true],"large":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979-1024x688.jpeg",1024,688,true],"1536x1536":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979-1536x1032.jpeg",1536,1032,true],"2048x2048":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979.jpeg",1880,1263,false],"woocommerce_thumbnail":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979-300x202.jpeg",300,202,true],"woocommerce_single":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979-600x403.jpeg",600,403,true],"woocommerce_gallery_thumbnail":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/12\/pexels-photo-935979-100x100.jpeg",100,100,true]},"rttpg_author":{"display_name":"Himanshu sekhar","author_link":"https:\/\/simplemyfiling.com\/index.php\/author\/simplemyfilinggmail-com\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/simplemyfiling.com\/index.php\/category\/compliance\/\" rel=\"category tag\">Compliance<\/a>","rttpg_excerpt":"nidhi company section The term &#8220;section&#8221; in the context of Nidhi Companies is often associated with specific sections of the Companies Act, which governs the formation and operation of companies in India. Nidhi Companies are governed by Section 406 of the Companies Act, 2013. Understanding Nidhi Companies under Section 406: 1. Section 406 of the&hellip;","_links":{"self":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts\/6735"}],"collection":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/comments?post=6735"}],"version-history":[{"count":4,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts\/6735\/revisions"}],"predecessor-version":[{"id":6739,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts\/6735\/revisions\/6739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/media\/6725"}],"wp:attachment":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/media?parent=6735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/categories?post=6735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/tags?post=6735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}