“Nidhi” is a Hindi word, which means finance or fund. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit.
Company Cost Breakdown
Frequently Asked Questions
- Is it possible to alter the LLP agreement after registration?
Yes, LLP can change the LLP agreement even after its registration.
- Is LLP Agreement mandatory for every LLP?
Drafting and filing of an LLP agreement is a statutory requirement that governs the rights and duties of the partners.
- Is there any requirement to intimate the changes made in the LLP Agreement?
Any changes proposed in the LLP agreement must be intimated to the registrar of the state in which the company has its registered office.
- What would be the consequences if the company does not have an LLP Agreement?
In the absence of LLP agreement, the rights and duties of the partners are governed by the schedule in the LLP Act.