A Nidhi Company is a type of non-banking financial company (NBFC) recognized under Section 406 of the Companies Act, 2013. It is formed with the primary objective of encouraging savings and thrift among its members and facilitating easy lending among them. Unlike traditional financial institutions, a Nidhi Company deals only with its members, offering loans and accepting deposits at lower interest rates.
Registering a Nidhi Company is an ideal choice for those who want to create a community-based savings and lending model. It is particularly popular in India for promoting financial discipline and support within a close-knit group.
At Shine Legal India, we specialize in Nidhi Company registration with complete legal compliance and documentation support. Our team of experts ensures a smooth and easy process, guiding you through every step—from choosing the company name to obtaining your Certificate of Incorporation and post-registration compliances.
With Shine Legal India, you not only get professional guidance but also save time and avoid costly mistakes. Whether you're starting a new financial venture or expanding your business, trust us to help you set up a legally compliant and operational Nidhi Company with ease.
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