According to Section 406 of the Companies Act 2013, a Nidhi company signifies a non-banking micro-finance entity. This type of company requires a minimum of seven members, with at least three serving as directors. The company name must end with "Nidhi Limited." Nidhi companies, also known as permanent funds, benefit funds, or Mutual Fund Companies, exclusively engage with their shareholders. Their primary objective is to promote financial prudence and provide members with a reliable source of funds. Nidhi companies accept deposits and offer loans to members, ensuring their interests are safeguarded throughout the process.
Enrolling as a Nidhi company offers various benefits, including streamlined incorporation processes, cost-effective registration fees, and exemptions from specific Reserve Bank of India (RBI) regulations. This results in reduced compliance obligations and associated risks. Nidhi companies strive to promote savings by providing loans at interest rates lower than prevailing market standards. Moreover, they offer secure investment opportunities for individuals seeking reliable avenues to enhance their financial position.
As a leading legal consultant and partner, Sujata Associates excels in facilitating Nidhi company establishment. Our skilled professionals will adeptly guide and support you through the registration process, ensuring efficient management of all necessary documentation. We take pride in delivering trustworthy and credible Nidhi company registration services, along with a range of other corporate registration services. Rooted in our commitment to excellence, we strive to offer straightforward and streamlined procedures, solidifying our position as your top choice for initiating a Nidhi company and other corporate entities.
