Best Nidhi Company Registration in India Trusted Legal Support By Services Plus

Their chief aim is to cultivate the practice of saving among its members. Being under the purview of the Ministry of Corporate Affairs, these companies primarily deal with lending and borrowing money between their members. The registration process for Nidhi Companies in India gives a straightforward and cost-effective option for operating small financial services. This article intends to provide the step-wise method for registering a Nidhi Company in India, its advantages, documentation requirements, and the reasons for opting for the best Nidhi Company registration in India that will ensure a hassle-free operation. What is a Nidhi Company Nidhi Company is an Indian geography kind of Non-Banking Financial Company (NBFC) formed primarily to cultivate a habit of saving among its members. The term Nidhi itself means wealth in the Sanskrit language, representing the pooling of funds from its members that would be utilized off for their mutual benefit. Nidhi Companies are regulated by Sect...