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 What is Section 8 Company? Section 8 company is a specific type of business entity related to a Non Profit organization. It is registration done under the Companies Act 2013. It encourages improvement in the area of education, arts, commerce, science, sports, charity, environment protection, religion, social welfare and many more. If the Section 8 Company does generate any profit, the members or shareholders or directors cannot take any profit. The profit amount must be utilized to promote charitable purposes only as it is a non-profit organization (NPO).   Steps of Section 8 Company Registration Online Although Section 8 Company registration processes are quite simple, still some rules and regulations need to follow. Name Application To start any company, you need to apply for its name at first. To do that, you need to apply to the Registrar of Companies office or apply online. You can also use the online RUN (Reserve Unique Name) portal to find a suitable name for your section

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