Nidhi Company is a business entity in India governed under the Companies Act 2013. It sole objective is to engage with thrift and savings among its members. A Nidhi Company is a Non Banking Financial Institute that provides services like Lending and deposits to its members exclusively. Therefore, it can be said a Nidhi Company in India only consists of funding from its members and shareholders.
Starting a Nidhi Company in India means starting a class of Non Banking Financial Companies. They are governed under Reserve Bank of India. This body tells the registered Nidhi Company guidelines about lending and depositing activities. However, Nidhi Companies can only deal with their own members. Therefore outside members are not allowed.
Why you should register a Nidhi Company?
Nidhi Company is one of the business entities that enjoy several perks of the Companies. The following are those perks that make Nidhi Company Registration quite a beneficial affair:
Through Nidhi Company Incorporation, you can basically start your own mutual fund business. If it is what you want to do, contact Taxzone and let us handle Nidhi Company Registration.