About Sahayta Jewellers Limited
The Sahayta Jewellers Limited provides a complete financial solution. It is a subsidiary of INFOCART GROUP,IDS Nidhi Limited is one of India's leading Mutual Nidhi Company. Sahayta Jewellers Limited describes itself as a one-stop financial service provider that caters to the diverse needs of customers. It is certified with Ministry of Corporate Affairs, Government of India. Among the various products offered by Sahayta Jewellers Limited to individuals, families and, are loan, saving accounts & deposit accounts. Sahayta Jewellers Limited has the rules and objectives of that are the same as a bank, but it is only in effect to someone (a members group) who has agreed or joined this agreement, as a bank, but to do business for Its Member only. So if the term is a quasi-bank, i think that the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone (a members group) who has agree/join on this agreement. If a bank, but not the one honoured .
About Nidhi Company
A nidhi company, is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013.Their core business is borrowing and lending money between their members. They are also known as Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only. Nidhi means a company members and also receiving deposits and lending to its members only for their mutual benefit. Nidhi companies existed even prior to the existence of companies Act 2013.
