A Nidhi company comes under NBFC (Non-Banking Finance Company) which is simple and less complex as compared to other types of finance companies. It is a best financial NBFC type company which provide fast service among its members and the core business activity of a nidhi company is to borrow and lend money to its members only. Find online nidhi company registration consultant to start the business in fastest way.
Nidhi Companies in India are formed to grow the habit of savings amongst its members. As these Companies are identical to a NBFC, their activities are under the supervision of Reserve Bank of India. A nidhi company can take deposits from its members and offer money to them. The primary work of Nidhi company includes making a habit of thrift and saving among its members and the services of members are limited.
Nidhi company doing as a very popular lending mechanism for secured loans, and the operations of it very similar to the co-operative society. It is very important part for financial type of small business , to secure the business purpose activity and grow the company as soon as possible. To incorporate your nidhi company online without any legal problem and get cost-effective registration fees and it help growing entrepreneurs to process their nidhi company registration documents accurately and perform the registration process in fastest and hassle-free ways.
Post Incorporation Needs for Nidhi Company
Within a period of 1 year from beginning, every Nidhi must fulfil all of the following criteria:
Minimum Requirement of Nidhi Company Registration
According to Companies Act, 2013, in order to start this company, the first step includes incorporation of a nidhi company.
The business of Nidhi Company is concerned with the financial services which are important for small type mutual benefit. The Nidhi company incorporation procedure is accomplished online through the portal of Ministry of Corporate Affairs using scanned copies of all the necessary incorporation documents. The form is filled and signed with digital method in order to avoid mistakes and facilitate faster registration with the help of best nidhi company registration consultant.
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