Legal
Our Legal Certifications
Certification of Incorporation
Certification of Trade Mark
Certification of Excise and Customs
Certification of GST
Certificate of Udyog Aadhaar
Registration
Reulatory
RIVO URBAN NIDHI LIMITED being a company registered under the Companies Act 2013, on 1st November.2019 it automatically comes under the supervision of the Ministry of Corporate Affairs under Government of India. Also being registered under the Nidhi Rules, RIVO URBAN NIDHI LTD, Main objective to encourage and afford all facilities for cultivating thrift, saving habits and to render all financial assistance to its Members only by receiving long and short term deposits and in particular recurring, Fixed Deposit and Other Deposit, not being current accounts from the members as are allowed by law for Nidhi or Mutual Benefits Companies. And grant loans to the shareholders or members only as against securities of immovable properties and or on the security of Deposits, movable such as a Gold Jewellery, National Saving Certificates Schemes, Insurance Policies and other Government Securities up on such terms and conditions may from time to time prescribed in law for Nidhi or Mutual Benefit Companies.
Governing Law
Nidhi companies are governed by Nidhi Rules, 2014. They are incorporated in the nature of Public Limited Company and hence, they have to comply with two set of norms, one of Public limited company as per Companies Act, 2013 and another is for Nidhi rules, 2014. No RBI approval is necessary to register the company, as RBI has specifically exempted this category of NBFC in India to comply its core provisions such as registration with RBI etc. Every nidhi company must ensure within a period of one year from the commencement that it has not less than 200 members.