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Blog posts July 2020

Legal Compliances to be followed by a NIDHI COMPANY

PRE-INCORPORATION COMPLIANCE:

 

1. MEMBERS: Minimum: 7 Members

2. Directors:  Out of the above 7 at-least 3 should be Directors

3. Minimum Paid up equity Share Capital: Rs. 5 Lakhs

4. No Preference Shares are allowed to be issued. If an existing company has preference shares and wan…

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