Which of the following is/are true regarding Nidhi Companies?1) Most of the Nidhi companies are located in South India.2) No RBI approval is necessary to register the Nidhi Company.

Which of the following is/are true regarding Nidhi Companies?1) Most o

1.	Which of the following is/are true regarding Nidhi Companies? 1) Most of the Nidhi companies are located in South India. 2) No RBI approval is necessary to register the Nidhi Company.
A.	Only 1
B.	Only 2
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» C. Both 1 and 2

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Which of the following is/are true regarding Nidhi Companies?1) Most of the Nidhi companies are located in South India.2) No RBI approval is necessary to register the Nidhi Company.

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Which of the following is/are true regarding Nidhi Companies?
1) Most of the Nidhi companies are located in South India.
2) No RBI approval is necessary to register the Nidhi Company.