Nidhi Company Registration – global taxman india

Nidhi Company Registration In India

Nidhi Company is a business entity in India governed under the Companies Act 2013. Its sole objective is to engage with thrift and savings among its members. A Nidhi Company is a Non-Banking Financial Institute that exclusively provides services like lending and deposits to its members. Therefore, it can be said a Nidhi Company in India only consists of funding from its members and shareholders.

Starting a Nidhi Company in India means starting a Non-Banking Financial Companies class. They are governed by the Reserve Bank of India. This body tells the registered Nidhi Company guidelines about lending and depositing activities. However, Nidhi Companies can only deal with their members. Therefore outside members are not allowed.

Benefits Of Nidhi Company

Easy Access to Loans

Continued Existence

Easy to Incorporate

Separate Legal Identity

Limited Liability

Nidhi Company is one of the business entities that enjoy several company perks. The following are those perks that make Nidhi Company Registration quite a beneficial affair:

Easy Access To Loans

Nidhi Company is a recognized infrastructure by the Central Government. It is trusted more by the banks. Therefore, once you register a Nidhi Company, acquiring loans and other types of findings is easy

Continued Existence

A Nidhi Company enjoys a continued existence even after one of the directors is deceased.

Easy To Incorporate

The Incorporation of a Nidhi Company is quite easy. It follows the standard procedure of Company Registration in India.

Separate Legal Identity

After forming a Nidhi Company, it becomes a separate legal identity in India. It can be said that a Nidhi Company becomes a separate individual who shall be able to own a property, invest, etc.

Limited Liability

A Nidhi Company enjoys limited liability for its members. This means that in the event of loss, the members of the Nidhi Company won’t have their assets harmed.

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