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Nidhi Company is also known as Mutual Benefit Finance Company which is a type of Non-Banking Financial Company. The fundamental aim is to safeguard the members and prevent the mistreatment of the money lenders who charge high rates of interest. Nidhi Companies are exempted from main provisions otherwise applicable to an NBFC in India. One of the most important things we have to consider while Nidhi Company Registration is choosing the company name. Rising  a prices and lowest purchasing capacity have always been a matter of concern for the middle and small class groups of peoples. Their financial burden somehow made the savings impossible for them. The creation of Nidhi Company, they too become capable of savings and investing and Nidhi Company Registration Online acts as a saviour for middle and low-level income groups of peoples. Key Points to Remember Before Starting a Nidhi Company in India : Requirements for minimum number of members, net owned fund etc. (As par Rule 5 of

Microfinance one of the world most powerful new solutions to poverty and this company is a kind of NBFC that cannot have acceptance to get deposits. A Microfinance company is usually called Micro Credit Organization which deals in common loan and it less than Rs. 50000 to different small companies, households that have no access to banking channels or not eligible to get loans.  A microfinance company provides financial services such as loans, savings, and insurance to needy people of the society and small business entrepreneur who will not be able to qualify for a standard bank loan. Small businesses and house women don’t get loans from the banks due to lack of proper facilities and documentation, here it should be handled the problem Microfinanace Company Registration Online in India. Microfinance Company Registration Procedure :- Company Registration - The first step in MFI registration is to incorporate a company either as Private Limited Company or Pub

A Private Limited Company is Privately Limited business organization. The ownership of the company is controlled and managed by one or several individuals and not by public. The main reason to register a private limited company is to reduce the financial responsibility of the people who own the business and beside of the obvious benefits of personal financial protection, limited company formation creates a professional corporate image and also allows business owners to manage their personal remuneration in a more tax-efficient manner. The ownership of the company is controlled and managed by one or several individuals and not by public. It develop the new business to reach the perfection on the top business financial market and corporate sector. Every business must be established before commencing their everyday operations. This is very important for any businessman to satisfy all legal requirements as it helps the business to be launched successfully in the market. If y