Nidhi Companies
- Is a form of company which is having object of cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to take deposit from its members and lend to its members only. So it is easy to generate deposits and lend money among members.
Features of Section NIDHI Company
Process of Registration / Incorporation of NIDHI Company
- Separate Legal Existence.
- Acceptance of Deposits.
- Lending money.
- Perpetual Succession.
- Easy to manage.
- Exemptions from RBI as compare to NBFC’s
- Name search.
- Name application.
- Obtaining Name Approval certificate.
- Obtaining Digital Signature.
- Preparation of all Legal documentation.
- Application for DIN & Incorporation
- Obtaining Certificate of Incorporation, PAN, TAN, Bank Account, GST, ESIC, EPFO and Profession Tax Registration (only for Maharashtra State).