HOW TO REGISTER A NIDHI COMPANY?
What is Nidhi Company? Nidhi Company is one of the non-banking Indian Finance sector and recognized under companies Act, 1956. Their main business is lending and borrowing money between their members. Nidhi Company is the company which has been incorporated as Nidhi with the object of “cultivating the habitat of thrift and savings” amongst its members. Nidhi Company means “TREASURE” in India/Language. Nidhi Company is a one of a class of NBFCs (Non- Banking Financial Company) and it doesn’t require any RBI license. Nidhi Company is easy to register and cheap to form. Well Nidhi Company is a best possible entity to take deposit from and lend to Group of people. Nidhi Company under the ambit of RBI (Reserve Bank of India) · NBFSCs comprising equipment leasing, hire purchase finance, loan, investment and residuary non-banking (RNBC) companies. · Mutual benefit financial...