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When and how can any Nidhi company create other branches?

1. Any Nidhi company can open its branches only if it is in profit for 3 years and is following the Nidhi rule properly.
2. A Nidhi Company can open only 3 branches in a district
3. If more branches are to be opened than this, then he will have to take permission from his Regional Director first or if he has opened then within 30 days the information will have to reach the Regional Director.
4. No Nidhi can open its branches outside its state such as deposit taking and giving
5. No Nidhi company can open any branches without submitting its return file.
6. Any Nidhi company will have to issue notice to its member 30 days before closing its branch and also have to advertise in the news paper, and also inform the registrar 30 days in advance.

What is the level plan MLM ?

Level MLM Software is a web-based application that maintains the level MLM plan and to keep track on downline’s incomes and expenditure. This level MLM Software is systemized with all the activities that are done by the MLM companies.

What is the level plan?

Level MLM Plan is an unlimited width plan, that allows you to sponsor only one line of distributors, so everyone you sponsor is on your frontline (i.e no spillover). As there is no further restriction, you can build a stronger and longer (length) network down the line. Unilevel MLM plan is efficient for all kinds of MLM organizations whether they are small or big.

Conducting online exams made easy with Schoolyam app.

The unexpected advent of coronavirus and imposition of nationwide lockdown to curb the spread of this virus has adversely affected the lives of the people also disrupted the academic calendar of educational institutions.

So due to this situation, educational institutes are moving their focus and operations to online studies and learning.
Most of the school decided to conduct exams but educational institutions in a dilemma on how they should conduct exams adhere to the guidelines of taking exams as well as ensure the safety of students by following social distancing.

Make a MLM growth with a MLM Software!

A good relationship between customer and provider brings the whole network marketing software together as a successive venture. Growing up the business takes great time and needs a plan to make that ladders to climb up. MLM Growth is in fact not a tentative plan that has a unique structure or layout like the main MLM Plans.

‘Binary’ most popular plan in MLM?

The actual concept of the plan is that it supports two front line members at the first level. In this binary MLM plan, the current member can have two clients and referrals. If a member sponsors are more than two they will be spillover to the next level.

Let’s make school digital?

Schoolyam already launched Mobile Application. Through the rich features of our Schoolyam App, we have helped several school teachers to manage their work inefficient way. Through our system, the teacher can manage all work like attendance, time table, student exam marks easily on tips. And also teachers can share a number of notification, information, study tools, etc. If any parent wants to check their ward academic records then teachers can give all information on a single click. All the task is easy for teachers.

Get Started with Online ?

With the recent COVID pandemic, most of the schools across the world are moving to fully online classes. Normally online classes were mostly preferred by higher classes but now a day it is used in KG classes. The advantages of online classes for schools is the maximum reach for the lowest cost as most of the online classroom tools are available for low pricing and have flexible plans to choose from. The other advantages include the reduced costs of infrastructure maintenance as the students are participating in the courses from their homes. The advantages for learners are also manifold including the savings from the daily travel and the ability to participate and learn from the comfort of their room.

Is this possible to do Micro Finance Business or Gold Loan by Nidhi Company?

Nidhi Company isn’t permitted to do the Micro Finance business in India. Micro Finance credit is a kind of business that has been specially assigned to Non-Banking Financial Companies (NBFCs) with the status of MFI with a minimum net owned fund of Rs.5 crore. In this article, we will discuss Micro Finance Business or Gold Loan by Nidhi Company.

What all are allowed?

Nidhi Companies isn’t allowed to do any kind of microfinance business or in other words, it is said Nidhi Company isn’t allowed to afford unsecured loans to their members. Nidhi Company can only lend a secured loan that too only to its members. Further, Nidhi companies are allowed to advance loan only to the following securities:

Nidhi Company-Features, Advantages and Limitation in India


Nidhis are companies registered under Section 406 of the Companies Act, 2013 and are regulated by the Ministry of Corporate Affairs (MCA). Section 406 of the Companies Act of 2013 and the Companies (Nidhi Companies) Rules of 2014 provide all the provisions concerning the incorporation and governance of the Nidhi Companies in India.

Basic Objective of a Nidhi Company:

The objective of Nidhi Company can only be of cultivating the habit of thrift and savings amongst its members, receiving deposits from and lending to its members only for their mutual benefit.

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Today’s school need easy fee collection software

Nowadays the majority of schools are progressively more are adopting an automated student fees management system. There are a lot of fine reasons why schools must implement the strategy of collecting payments via the fee management system. It is highly recommended that all types of school whether public or private must espouse automate fee collection management software and earn greater revenue by saving 90% of manual processes which are also error-prone.

Schoolyam software is capable to solve all problems of schools and parents to keep track of student performance. The hassle of manually work on sheets of paper gets eliminated. By deploying the fee accounting and financial management software user can make use of the recent technological tools to get in touch with various departments such as finance, admission, hostel, transport, library and more. This will cause wider engagement and enhanced efficiency in educational institutions with greater synchronization of data on fee collections.

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