setting up of business entities and closure

Notes of SBEC-Chapter-2 -Nidhi Company

Nidhi Company Nidhi Company [Section 406] Nidhis Rules, 2014 In this section, “Nidhi” or “Mutual Benefit Society” means a company which the Central Government may, by notification in the Official Gazette, declare to be a Nidhi or Mutual Benefit Society, as the case may be. The Central Government may, by notification in the Official Gazette, …

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Notes of SBEC – Chapter 2 – Types of Companies

INTRODUCTION TO COMPANY FORM OF BUSINESS Generally, company means association of persons for a lawful common objective. According to Section 2(20) of Companies Act, 2013, company means a company incorporated (formed and registered) under this Act or under any of the previous companies laws (like Companies Act, 1956). What are the characteristics of a company …

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