Ascertain antecedents of ‘Nidhi’ companies before making investments: Collector
The Hindu
The district administration has cautioned the public against making investments in ‘Nidhi' companies, entities in the non-banking financial sector that are also called ‘mutual benefit societies
The district administration has cautioned the public against making investments in ‘Nidhi' companies, entities in the non-banking financial sector that are also called ‘mutual benefit societies'.
“There are companies working as ‘Nidhi’ or Mutual Benefit Society and engaging in financial transactions, but have not applied for recognition in this category. It is therefore important for the general public to be cautious and watchful while investing in such companies,” Collector Arjun Sharma said in an advisory.
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