Nidhi Company Registration
Nidhi Company Registration in India: A Comprehensive Guide In India, Nidhi Companies play a crucial role in promoting thrift, savings, and financial cooperation among their members. They are an integral part of the Indian financial landscape and are governed by the Ministry of Corporate Affairs under the Companies Act, 2013. This comprehensive guide will walk you through the essential aspects of Nidhi Company registration in India . What is a Nidhi Company? A Nidhi Company, as defined in the Companies Act, 2013, is a non-banking financial company (NBFC) that primarily deals with borrowing and lending money among its members. These companies are also known as mutual benefit societies, as their main objective is to encourage savings and provide credit facilities to their members. Key Features of Nidhi Companies: Membership: Nidhi companies are exclusively for their members. Only individuals can become members, and they share a common financial goal. Minimum Members: To begin, a N...