Nidhi Company Registration Service

Description

Nidhi Company is a company registered under the Companies Act, 2013, which is incorporated with a sole objective of encouraging and cultivating the habit of savings amongst its members. It’s only objective is to accept deposit and lend money in between their members. A Nidhi company is Public Company doing limited financial transaction in between its members confined in territorial restriction. It is regulated by Ministry of Corporate Affairs under section 406 of Companies Act, 2013. The Nidhi Company is exempted from the core of the directions and regulations of the Reserve Bank of India Act, 1934 regardless of accepting of deposit and lending business.