Consider the following statements with reference to the Nidhi Companies:
- Nidhi companies cannot accept Deposit from the public, nor lend to the public, so they are not purely NBFCs, and out of the scope of RBI.
- It cannot carry any business related to chit fund, hire purchase finance, leasing finance, insurance, or acquisition of securities issued by anybody corporate.
Which of the statements given above is/are correct?
Both 1 and 2
None of the Above