Meaning of Nidhi Company: NIDHI Stands for National In titivate for Developing and Harnessing Institutions. It is a non-banking financial Institution. A Nidhi Company's main function is to borrow and lend money to its members, who handle all of the transactions themselves. Section 406 of the Companies Act of 2013 was used to register the Nidhi Company, it is run by RBI regulations. Advantages of Nidhi Company Registration in India By becoming a Nidhi Company Registration in India , you can benefit from a wide range of benefits: Simple to raise funds : Nidhi Company can raise safely and affordably by asking for public deposits. Simply accept them as members who have registered. Increases Credibility : Nidhi corporations have greater credibility than any other member-based organization, such as trusts, cooperative societies, or non-governmental organizations (NGOs). Simple to Incorporate: There are just 7 person requirements, of which 3 are for the appointment of Direct...
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