Contact our Nidhi company consultant for expert assistance and register your NIDHI company with JR Compliance - India's leading compliance service provider.
National Initiative For Developing and Harnessing Innovations (NIDHI) is a financial institution or NBFC that involves deposits and money lending to its members. Moreover, NIDHI company is registered under the Companies Act, 2013, and is governed according to the guidelines of the Reserve Bank of India (RBI).
However, as NIDHI company deals with its shareholders only, RBI has exempted notify NIDHI company from core RBI Acts, and other directions apply on NBFC.
In simpler words, NIDHI is the company that is incorporated with the motive of cultivating the habit of thrift, saving among its members, receiving deposits from members, and lending money to its members for their mutual benefit.
The Ministry of Corporate Affairs regulates the NIDHI company. Though the Company Act provisions regulate NIDHI companies, they are exempted from specific Act provisions applicable to other companies.
NBFC included NIDHI company in its definition, which works fundamentally in the unorganized money market. But, on the contrary, since 1997, NBFCs are majorly regulated by RBI.
Documents Required For NIDHI Company Registration
Our Nidhi company consultants will invest their sustain efforts in providing high-standard services to our clients. Thus, we will ensure a smooth procedure.
To make the process of registration unchallenging, our finest Nidhi company consultants team will educate you concerning registration process without any hassle and challenge. Above all, we guarantee to avoid any inaccuracy.
As it seems, Nidhi company registration seems to be a wise decision because it provides various advantages such as increase funds, less regulations, and low risk of non-payment of loans, which is why, it is considered important to register a Nidhi company.
However, obtaining the same could not be as easy as it seems because it requires proper knowledge regarding documents required for Nidhi company registration and filling in the relevant details in the application. If not, it could result in the rejection of an application.
Consequently, JR Compliance, Delhi's leading compliance service provider possess experience of 8+ years, has Nidhi company consultants who guarantee to provide you prompt assistance from the first to last step of registration.
Hence, for expert and professional services, contact us immediately.
Ministry of Corporate Affairs has the authority to regulate the NIDHI company, including it is accountable for NIDHI company incorporation.
NO, a NIDHI company is not authorized to perform its activities outside the State.
No, a NIDHI company is not authorized to advertise its activities.
To operate a NIDHI company, a residential address is enough, there is no requirements of an office space.
No, a NIDHI company can not issue unsecured loans. Yet, it is authorized to issue secured loans.
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