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Nidhi Company belongs to the non-banking Indian finance sector and is acknowledged under section “406” of the Companies Act, 2013. Their core business includes borrowing and lending money between their members. Nidhi Companies are formed to create the habit of saving amongst the members. At One Click Business Solutions, we help you to start your nidhi company today and enhance the habit of saving amongst its members. We are aware of nidhi company registration online procedure to make the registration process in fastest way. Nidhi is Public Limited Company formed with the primary object to carry on the business of accepting deposits and Funds can be accepted /lended by Nidhi Companies only from/ to its members. They are controlled by Ministry of Corporate Affairs, Section “406” of Companies Act 2013 while nidhi companies are governed by Companies Nidhi Companies Rules, 2014. One of the most important things we have to consider while Nidhi Company Registration is choosing the co

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