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As the banking sector has grown in power and influence, so too have new lenders emerged to challenge their dominance. One of those is Nidhi Company, a Non-Banking Financial Company (NBFC) that provides financial services like lending, insurance and other banking solutions to individuals and businesses. But why is Nidhi Limited Company important for lending business? In this blog post, we’ll take a look at some of the key benefits that make it such an attractive option for both borrowers and lenders alike. From its unique approach to risk management to its dedication to transparency and customer service, we’ll explore how Nidhi Limited Company stands out from the competition. Know About Nidhi Company  Nidhi finance companies are  financial type of institutions that are registered under the Companies Act, 2013. Nidhi companies are also known as permanent finance companies or mutual beneficiary societies. They provide loans to their shareholders at reasonable rates of interest and with

Nidhi finance companies are mutual benefit type of companies which is works for the benefit of its members. Functions of company are limited to only its members, wherein the companies are permitted to accept deposit and give loan to its members. Legal compliance and requirements of Nidhi company registration are far less when compared with the other NBFC’s, which are functioning under the strict regulations of RBI.    A Non-Banking Financial Company (NBFC), as the name suggests is a Company (registered under the Companies Act) which is engaged in financial services as per business purpose. A Nidhi financial bank being financial institutions have functions and features similar to that of traditional Banks. Requirement of Nidhi Company Registration Services Nidhi finance company will always be public limited company and its name should end with ‘Nidhi Limited”, currently Nidhi Company is becoming very popular for lending business. ·          At least 3 directors & 7 members a