Information about Nidhi Company In India

Admin 2023-02-22

Nidhi Company in India is formed to provide a facility to borrow and lend money to its members. It inculcates the habit of saving among its members and works on the principle of mutual profit. Nidhi Company isn’t needed to receive the license from the banking concern of the Reserve Bank of India (RBI), thus it's simple to form. It is registered as a public company and should have mentioned “Nidhi Limited” as the last word of its name.

Nidhi Company in India: Advantages, Features & registration

Admin 2023-01-31

Nidhi company is one type business structure in form of non-banking financial company (NBFC) incorporated under Section 406 of the Companies Act, 2013. The Company deals only with their shareholder/members, hence they have been exempted from the core provisions of the RBI Act and other directions applicable to NBFCs. However, RBI is empowered to issue directions to this type of Company in matters relating to their deposit acceptance activities.

Process of Nidhi Company Registration in India

Nidhi Company in India - Checklist and Rules

Admin 2023-01-31

Nidhi company in India is based on the object of cultivating the habit of thrift and savings amongst its members by way of receiving deposits from and lending to its members only for their mutual benefit. In simple terms, a person who is willing to start a company with aim of collecting money from its members and giving away that money as loans with security can start a Nidhi company. Activities of Nidhi company include borrowing and lending money among their members for their mutual benefit.

Online Nidhi Company Registration Process in India

Admin 2023-01-31

Nidhi Company Registration Process is completely online on the Ministry of corporate affairs (MCA) website. Nidhi company is mentioned in Section 406 of the Companies Act, 2013. The main activity is borrowing and lending money among their members. The goal of these organizations is to instill in their employees a sense of savings. It does not require a license from the Reverse Bank of India (RBI).

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Information about Nidhi Company In India

Nidhi Company in India: Advantages, Features & registration

Nidhi Company in India - Checklist and Rules

Online Nidhi Company Registration Process in India

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