Nidhi companies, a category of non-banking financial companies (NBFCs) in India, play a significant role in fostering thrift and facilitating small-scale lending among their members. If you're interested in establishing a Nidhi company in Cooch Behar, West Bengal, this blog provides a step-by-step guide to Nidhi company registration online, ensuring compliance with all legal procedures and requirements. Understanding Nidhi Companies Before we delve into the registration process, it's important to grasp the concept of Nidhi companies. These companies are mutual benefit societies operating primarily for the mutual benefit of their members. They promote savings and offer loans to their members, making them a valuable part of India's financial landscape. Nidhi companies are regulated by the Ministry of Corporate Affairs (MCA) and must adhere to the Nidhi Rules, 2014. Requirements for Nidhi Company Registration To initiate the process of registering a Nidhi company in Cooch Beh
A Section 8 company, also known as a Section 8 nonprofit company or a Section 8 organization, is a type of company that is incorporated under Section 8 of the Companies Act, 2013 in India. This section of the law allows for the formation of companies with charitable or nonprofit objectives. Section 8 companies are established for promoting art, science, commerce, religion, charity, social welfare, sports, education, research, or any other useful object that benefits the public. The primary objective of these companies is not to make a profit but to engage in activities that are for the benefit of society. Do you have the zeal to do some passionate work for society? Well, you can build your own company and help people in a proper manner as the government does. For that, you need to initiate the Section 8 Company registration process. You can attract people's funds legally into your company after you have done the process. What is a Section 8 company? A Section 8 company