A Nithi company is a company Under 204 of companies act, 2013. It comes under Indian non banking financial sector which will borrow and lent money to its members. Also known as permanent Fund, benefit fund, Mutual benefit fund and mutual benefit company. Company will deal with shareholders Member only.
A Nithi company must contain 200 members with net owned funds of Rs. 20 Lakh with in 120 days of incorporation and paid up capital of Rs. 10 Lakh. No RBI permission required.
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