Nidhi Company Registration - Online Process and Documents
Description
Click and learn all about the Nidhi Company Registration Process. Apply for Nidhi Company Registration at less cost with Registration Guru. Get help from experts to get a Nidhi Company Certificate.
About Nidhi Company Registration
Nidhi Company is a type of non-banking financial company (NBFC) that is created for the sole purpose of promoting savings and investment among its members. The word “Nidhi” in Hindi means “treasure”, and hence Nidhi Companies are also known as mutual benefit societies.
Nidhi Companies are governed by the Ministry of Corporate Affairs (MCA) in India and regulated by the Reserve Bank of India (RBI). These companies are created to cultivate the habit of thrift and savings among its members and to provide them with access to credit facilities at a reasonable rate of interest.
The primary objective of a Nidhi Company Registration is to mobilize savings from its members and lend funds to its members. Nidhi Companies accept deposits from its members and lend funds to other members who are in need of financial assistance. The interest rate charged on such loans is generally lower than what is charged by commercial banks.
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