RISTA NIDHI LTD. being a company registered under the Companies Act 2013, it automatically comes under the supervision of the MCA. Also being registered under the Company Act 2013 RISTA NIDHI LTD. Main objective is to encourage and afford all facilities for cultivating thrift, saving habits and to render all financial assistance to its member only by receiving long and short term deposits and in particular recurring, fixed and other deposits, not being current accounts from the members as are allowed by law for Nidhi 01 Mutual Benefits Companies, and to grant loans to the members only as against securities of immovable properties (within City) and or on the security of deposits, movable such as gold, silver, jewellery, Kisan Vikas Patra, National Saving Certificates Scheme, insurance policies and other Government securities up on such terms and condition as may from time to time prescribed in law for Nidhi or Mutual Benefits Companies.
Nidhi Company in Governed by Section 406 of the Companies Act, 2013 and Company Nidhi Rules, 2014. The Company is incorporated as a Public Company. As per Section 406, “Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and saving amongst its members, receiving deposit from, and lending to, its members only, for their mutual benefit.
Regd. Address:
Behind Zenith Petrol Pump, Aghoriya Bazar, Muzaffarpur (Bihar) 842001
info@ristanidhi.com
