Category Archives: Nidhi Company

Nidhi Company Registration

Nidhi Company Registration: A Comprehensive Guide Introduction A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that is established to encourage savings and provide financial assistance to its members. Registered under Section 406 of the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA), Nidhi Companies focus on borrowing and… Read More »

Nidhi Company Meaning

Introduction Nidhi Company Meaning : A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that operates within a closed group of members to promote savings and provide financial assistance. Registered under Section 406 of the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA), Nidhi Companies primarily focus on borrowing… Read More »

Nidhi Company

Introduction Nidhi Company : A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that operates within a closed group of members to promote savings and provide financial assistance. Registered under Section 406 of the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA), Nidhi Companies primarily focus on borrowing and… Read More »

What are Nidhi Companies

Introduction What are Nidhi Companies? : A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that operates for the mutual benefit of its members by encouraging savings and providing loans at lower interest rates. These companies are governed by the Ministry of Corporate Affairs (MCA) and regulated under Section 406 of the Companies… Read More »

Who Can Open a Nidhi Company

Introduction Who Can Open a Nidhi Company : A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that primarily focuses on encouraging savings and providing loans among its members. Unlike other financial institutions, Nidhi Companies operate on a mutual benefit basis and are restricted to accepting deposits and lending money to their own… Read More »

Who Regulates Nidhi Company

Introduction A Nidhi Company is a unique type of Non-Banking Financial Company (NBFC) that primarily deals with deposits and loans among its members. The primary objective of a Nidhi Company is to encourage savings and facilitate lending among a closed group. Unlike traditional NBFCs, a Nidhi Company does not require Reserve Bank of India (RBI)… Read More »

Advantages of Nidhi Company

Introduction Advantages of Nidhi Company : A Nidhi Company is a non-banking financial company (NBFC) that operates with the goal of encouraging savings and providing financial assistance to its members. These companies are regulated under Section 406 of the Companies Act, 2013, and governed by Nidhi Rules, 2014. Unlike other financial institutions, a Nidhi Company… Read More »

Start a Nidhi Company

Introduction Start a Nidhi Company : A Nidhi Company is a non-banking financial company (NBFC) in India, governed under Section 406 of the Companies Act, 2013. The primary purpose of a Nidhi Company is to encourage savings and thrift among its members and facilitate lending and borrowing within a closed group of individuals. Nidhi Companies… Read More »

What is a Nidhi Company?

Introduction What is a Nidhi Company? : A Nidhi Company is a non-banking financial company (NBFC) in India, governed under Section 406 of the Companies Act, 2013. The primary purpose of a Nidhi Company is to encourage savings and thrift among its members and facilitate lending and borrowing within a closed group of individuals. Nidhi… Read More »