Chandantodi
Uploaded on Apr 12, 2023
Category
Startup & Entrepreneurship
Nidhi Companies, classified as Non-Banking Financial Companies (NBFC), primarily deal with accepting deposits and granting loans to their members. Their sole purpose is to promote the practice of thrift and savings, operating for the mutual benefit of their members. To achieve this objective, they accept deposits solely from individuals who are registered members and grant loans only to their enrolled members. They do not engage in transactions with non-members. Registration Arena can help to complete the process for Nidhi company registration in a few steps.
Category
Startup & Entrepreneurship
Nidhi Company Registration
Nidhi Company Registration in India
What is a Nidhi Company ?
• Nidhi Company is one of the simple and easiest options
to start a lending and borrowing business in India
without RBI approval.
• Nidhi Companies are basically Non-Banking Financial
Companies (NBFC) that are engaged in the business of
accepting deposits and providing loans to their
members.
Minimum Requirement For Nidhi Company
Registration
• Minimum 7 Shareholders
• Minimum 3 Directors
• Minimum capital of 10 lakh Rupees
• At least 1 Director shall be a permanent resident of
India
Advantages of Nidhi Company
• No restriction on number of members
• Minimum capital requirement
• RBI Regulations not applicable
• Secured Loans to its members
Features of Nidhi Company Registration
• Dealings with members only
• Name and Object of Nidhi Company
• May open many Branches
• Secured loans for Nidhi Company members
Website : www.registrationarena.com
Email : [email protected]
Address : Stepup India Legal Solutions
Contact Us Private Limited, Flat no 202, 2nd Floor,U-
A-3/1, Above Vaibhav Jewellers, Ajmera
Housing Complex, Pimpri – Pune 411018
Phone : +91 8600544411, +91
8600544422
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