Business Description
Nidhi Companies are special business entities in India that are created to inculcate the habit of thrifting and saving between the company’s members. Nidhi companies are permitted to make borrowings from their members and also lend capital to their members. Hence, the amount that is contributed to a Nidhi company comes only from the members or stakeholders. Therefore, Nidhi companies are mainly promoted for savings, especially among women from the middle class and poor backgrounds. It creates a legal scape for some sense of liability to conduct official business rather than resort to unofficial lending. Thus, Nidhi Companies also act as a conduit to promote the eradication of black money circulation for internal loans and lending. Registering a Nidhi Company in compliance with all the required laws is simple. We ease your job by completing all formalities and documentation work as well as applying to the MCA in accordance with the corresponding guidelines.
