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
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