Nidhi Company Registration
Fostering Mutual Benefit Societies for Financial Empowerment
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Overview
Benefits of Nidhi Company Registration
Nidhi Companies are non-banking financial institutions (NBFCs) established to cultivate the habit of thrift and savings among its members. They work on the principles of mutual benefit and financial empowerment of their members
Easy Formation:
Nidhi Companies are relatively easy to form and require minimal capital compared to traditional banking institutions.
Members' Financial Inclusion
Nidhi Companies encourage small savings and financial discipline among their members, promoting financial inclusion.
Limited Liability
Members' liability is limited to their shareholding, protecting personal assets from business liabilities.
Loan Facility
Nidhi Companies can lend funds to their members, fostering a culture of borrowing and lending within the community.
Profit Distribution
Profits earned by Nidhi Companies are distributed among their members, providing them with financial returns on their savings.
Simplified Compliance
The registration eases regulatory compliance procedures, allowing to focus more on their core business activities
Process
Process for Registration of a Private Limited Company
Minimum Members
Capital Requirement
Unique Name
Incorporation Documents
Online Application
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