Nidhi Company

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Nidhi Company

Nidhi Company registration including Incorporation kit and share certificates.

Basic

☑ Company Registration

☑ Share Certificates

☑ Current Account Opening

☑ GST Registration

☑ 8 Digital Signatures

☑ 1 RUN Name Approval

What is Nidhi Company ?

The Indian financial landscape features an intriguing institution known as the Nidhi Company – an entity that operates with a distinct purpose and regulatory framework. As per the provisions of the Companies Act, 2013 (Section 406) and the subsequent rules and regulations, a Nidhi Company is primarily engaged in the management of deposits from, and the provision of loans to, its members, who are also its shareholders

Benefits of Nidhi Company

Registering a company as a Nidhi in India offers a range of advantages that extend beyond the primary objective of fostering savings among members. Here are some key benefits:

  • Easy Formation: Nidhi Companies boast a straightforward and hassle-free formation process with minimal requirements, making it accessible for those looking to establish such entities.
  • Non-Compliance with RBI: Nidhi Companies are not bound by the Reserve Bank of India (RBI) guidelines, allowing them to set their own operational rules and regulations.
  • Lower Risk: Transactions involving lending, borrowing, or depositing are carried out by members of the Nidhi Company, reducing financial risks and ensuring a sense of security within the community.
  • Economic Registration: The registration process for a Nidhi Company is cost-effective when compared to other Non-Banking Financial Company (NBFC) registration procedures, which facilitates easier access to business loans and financing options.
  • Savings Promotion: Nidhi Companies play a pivotal role in promoting a culture of saving among the Indian population, thereby contributing to financial prudence.
  • Net-Owned Funding System: Nidhi Companies typically adopt a cost-effective net-owned funding system, which can enhance their business growth prospects by efficiently utilizing their own resources and funds