Nidhi Company Registration

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What is Nidhi Company?

A Nidhi Company, as per the Companies Act, 2013 in India, is a type of non-banking financial institution (NBFC) that primarily functions to promote the habit of thrift and savings among its members. Nidhi companies are often referred to as mutual benefit societies because they work on the principle of mutual benefit within the members.

A Nidhi Company is a non-banking financial company (NBFC) operating in India, governed by the Nidhi Rules, 2014, and recognised under Section 406 of the Companies Act, 2013. Functioning as a public limited company, its core objective revolves around promoting thrift and savings among its members while providing financial assistance to them through lending.

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