Question
What is the minimum paid-up share capital to
incorporate a Nidhi company? Refer to the following information to answer the next 4 questions (Q9 to Q12) Nidhi Company is an NBFC (Non-Banking Financial Company). Nidhi in simple terms means a company which is formed with the object of cultivating the habit of thrift and savings. These are regulated entities and the rules and directions governing Nidhi Companies are issued from time to time. The formation of the Nidhi Company is very easy process. It requires only ____ members out of which 3 members would be the directors. The Nidhi company takes hardly 10-5 days to get registered. Also no. of the documents required for the registration are very less.Solution
Conditions for incorporation [Rule 4] – a) A Nidhi should be a ‘public company’ b) It should have a minimum paid up equity share capital of INR 5 Lakhs . c) On incorporation, Nidhi shall not issue preference shares. If the preference shares are already issued prior to incorporation, then, such shares should be redeemed in accordance with the terms of the issue of such shares d) The object of Nidhi should be cultivating the habit of thrift and savings amongst the members and receiving deposits from and lending to its members for mutual benefits. e) Nidhi shall have the last words as ‘Nidhi Limited’ as part of its name.
Which type of malware disguises itself as legitimate software but has malicious intent once installed?
In C, what is the output of printf("%d", 5/2);?
Which of the following is true about C++ destructors?
In C++, which feature allows hiding the internal details of a class?
Which of the following statements is correct for Python lists?
Which of the following systems is typically designed to support managerial decision-making?
Which of the following is used to declare a list in Python?
In Python, which method is used to convert a string to lowercase?
In C, what will be the output of the following code?
int a = 5;
printf("%d", a++);
Which of the following algorithms is most commonly used in Operating Systems for deadlock prevention?
