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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 th

Nidhi Company which can also be called as Mutual Benefit Company, is a certain category of company with Financial Business structure. It's recognized under section 406 of the 2013, Companies Act. It operates financial lending and borrowing programs, but only within its members. Anyone outside can't lend of borrow even a single amount with these kinds of organization. Need to Nidhi Company Registration :- You can find NIdhi Companies only in India. 'Principle of Mutuality' is the base notion for this type of company. The Reserve Bank of India may issue guidelines to them with their lending and borrowing activities. And they are regulated by the Ministry of Corporate Affairs. Setting up a Nidhi Company to expand the propensity for investment funds just for common advantage among its associates. The members contribute an control the funding of the company. And surprisingly, It's very easy to Nidhi Company Registration . The registration of NBFC company which al

Nidhi Companies in India are formed to grow the habit of savings amongst its members. Borrowing from members and lending money to its members are allowed for nidhi companies. Thus, the funds donated to a Nidhi Company belong to its members or shareholders only. These companies are registered limited companies. Basic features As these Companies are identical to a NBFC, their activities are under the supervision of Reserve Bank of India. Since these Companies deal with the money of its shareholders’ money, they are exempted from the basic provisions and other rules of RBI that are pertinent to a NBFC. If you are in Kolkata, you can search with the phrase nidhi company registration online in Kolkata to get more information about the topic. Restrictions of Nidhi Company According to Rule 6 of Nidhi Rules, 2014, these companies are having a number of restrictions. This type of company cannot involve in the following activities: Issuing preference shares, debentures or any o