Long before the organised financial institutions started catering to the credit needs of common people, Nidhis and Benefit Funds has started functioning in our Country, particularly in the south and very particularly in Tamil Nadu. There are many Nidhi Companies which were incorporated even prior to the existence of Companies Act 1913. They have celebrated centenary of their existance. These institutions were set up by a group of public spirited and philanthropic individuals in a town or locality. They confined their activities with in their respective society.......... Read More |