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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Nidhi company

Market basics

A mutual-benefit company under corporate law that may lend to, and take deposits from, its own members only.

In plain terms

Members-only is not a formality — it is exactly what keeps the entity outside banking supervision. No banking licence, no prudential inspection, no deposit insurance.

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Indian stock market glossary · Market Vidyalaya