Nidhi company a kind of non-banking financial companies which are created to borrow and lend money among its members. Nidhi is a company which has been incorporated as a Nidhi with main object of cultivating the habit of thrift and saving amongst its members receiving, deposits from and lending to its members only for their mutual benefit and these companies manage their shareholder members only. The business of Nidhi Company is concerned with the financial services which are important for small type mutual benefit.
Overview of Nidhi Company
Today nidhi company play the major role in financial business, to start your nidhi company fast and smoothly work then register anidhi company at affordable price. Nidhi Company is type of NBFC Company in private sector which is determined for financial type of services. It incorporation will invigorate the feeling of savings and smart spending in the mind of its members. At the end of the name of all the Nidhi Companies, Nidhi Ltd. must be there for identification of it.
Process of Nidhi Company Registration :-
For nidhi company registration You need at least 7 members, the minimum capital requirement is 5,00,000. Within one year of its incorporation, 200 members are required. It’s critical to the companies existence. The main documents required for nidhi company registration process which are following - Pan Card, ID Proof, Bank Statement, Passport Size Photo, Registered Office Proof. In this way you can formed your nidhi company in few days.
Benefits of Nidhi Company Registration :-
- It is very easy to formation.
- Best cost effective registration.
- Limited RBI regulations and less compliance.
- More certainty in nidhi company process.
- Here find less level of risk and non- payment loans.
- Net owned fund and Invest one get twenty.
- It takes 10 to 15 days for registration
- Instant access nidhi software and tax compliance