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Cost-effective efficiency and timeliness
T&C*Terms & Condition*
- Total payment may vary depending on government fees and the entity of the company.
- Downtime on the government portal may cause work delays.
- Documents should be appropriate as per the requirements.
- Documents must be provided in time to avoid delay.
- Professional and experienced team
Nidhi Company
A Nidhi company is a type of non-banking financial institution in India that facilitates mutual benefit among its members, providing a platform for savings and lending. It operates on the principle of mutual trust, making it an essential financial entity for community-based financial services and microfinance.
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A Nidhi Company Is A Public Limited Company Which Is Formed With A Sole Purpose Of Accepting Deposit And Lending Money Only To Its Members. It Is Also An Non Banking Financial Company (NBFC) Which Has Been Exempted From The Provisions Of RBI.
- A Nidhi Company That Has To Be Incorporated Under This Act Shall Be A Public Company
- It Must Have A Minimum Paid Up Equity Share Capital Of Rs.5,00,000/-
- There Will Be No Issuances Of Preference Shares. If Such Shares Had Already Been Issued By A Nidhi Company Before Commencement Of This Act, Such Preference Shares Are To Be Redeemed In Accordance With The Terms Of Issue Of Such Shares
- The Objective Of Such A Firm Would Be To Imbibe In The Members A Habit Of Thrift And Saving And The Services Would Only Be Restricted To Its Members.
- The Name Must Have Nidhi Limited
- Can Accept Deposits
- Less Capital Required
- Base To Establish NBFC
- Best To Finance Business
- Cannot Run Micro Finance
- More Restriction On Business
- Cannot Invest In Any Company
- No Advertisement Allowed
