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Which of the following statement s is are correct regarding Nidhi...

This question belongs to Commerce Banking And Financial Institutions
Banking and Financial Institutions
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Which of the following statement/s is/are correct regarding Nidhi companies?
1. Nidhi companies can borrow and lend to the members only.
2. They are registered under the Companies Act and are regulated by the Ministry of Cooperate Affairs.
3. They are included under NBFCs and are also regulated by the RBI.

Answer & Solution
Correct Answer: Option C
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