Can Nidhi Company give loan to its directors?

Can Nidhi Company give loan to its directors?

Reply 

Indeed, Nidhi Company can give an advance to its chiefs, or his relative in their ability as individuals and such exchange is uncovered in the yearly records by a note. 

Area 185 which limits the organization to give a credit to the executives or his relative does not matter to Nidhi Companies.


Visit HireCA.com Now