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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

 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