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Nidhi Company is defined under Section 406 and Section 620A of Companies Act 2013. One must strictly adhere to the Nidhi compliances if one fails to meet its compliances heavy penalties will be levied. As per the Companies Act, 2013 Nidhi Company is a non-banking financial entity. Its function is borrowing and lending money among its members.

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Before starting a private security company in India, one must have a PSARA License. A company that offers private security guards and other associated services at a location instead of the police is referred to as a private security agency. In this blog post, you will get to learn all the details about the PSARA License in Madhya Pradesh.
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