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Regulatory

LokVikas Benefit Nidhi LTD being a company registered under the Companies Act2013, it automatically comes under the supervision of the MCA. Also being registered under the Nidhi, LokVikas Benefit Nidhi, Main objective to encourage and afford all facilities for cultivating thrift ,saving habits and to render all financial assistance to its member only by receiving long and short term deposits and in particular recurring ,fixed and other deposits, not being current accounts from the members as are allowed by law for Nidhi or Mutual Benefits Companies.And to grant loans to the shareholders or members only as against securities of immovable properties (within City) and/ or on the security of deposits, movable such as gold, jewellery, Kisan Vikas Patra, National Saving Certificates Scheme, insurance policies and other Government securities up on such terms and condition as may from time to time prescribed in law for Nidhi or Mutual Benefits Companies.

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