Check Nidhi companies' antecedents before investing money; 348 entities failed to meet criteria: MCA
This is the second time in six months that the corporate affairs ministry has come out with an advisory as there are a large number of companies, which, though functioning as Nidhi companies, have not applied for such a status under the relevant rules. Nidhi companies are non-banking finance entities that are into lending and borrowing with their members.
Eldeco group and HDFC capital set up Rs 150 crore affordable and mid-income housing fund“Inline with the ‘Housing for all 2022’ vision of the Government of India, HDFC’s endeavour is to help address the demand-supply gap in affordable housing in India by providing flexible, long-term capital to leading developers across India. We are committed to partnerships with trusted real estate brands like Eldeco with a good track record of development and delivery,” said Renu Sud Karnad, Managing Director, HDFC Ltd.
https://ift.tt/3yhSvsm
Post a Comment