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Is sarfaesi act applicable to nidhi company?

(Querist) 09 January 2019 This query is : Resolved 
I would like to know if the Sarfaesi Act is applicable to Nidhi Company?

For invoking Sec-13 for taking possession of assets.
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Isaac Gabriel (Expert) 10 January 2019
Nidhi companies are financial institutions and covered by the BR Act and wlill invoke searfasi Act.
Isaac Gabriel (Expert) 10 January 2019
Nidhi companies are financial institutions and covered by the BR Act and wlill invoke searfasi Act.
Raj Kumar Makkad (Expert) 06 March 2020
I do agree with Isaac Sir.

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