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Differences between Nidhi company and Producer company

Following are the difference between Nidhi Company and Producer Company:

Nidhi Company

  • Nidhi Company is that the variety of Non-Banking monetary Company (NBFC) which might take a deposit and lend cash to its members. Nidhi Company has been exempted from the banking company of Asian nation (RBI) provisions, and thus no RBI license isn’t obligatory
  • Nidhi Company is Associate in Nursing NBFC which might take a deposit and lend cash to its members. Hence, Nidhi Company is extremely totally different from the check Fund corporations.
  • Nidhi Company could be a non-financial banking concern which may either lend or settle for deposits solely whereas the latter.

Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.