{"id":1723,"date":"2019-09-14T15:59:28","date_gmt":"2019-09-14T10:29:28","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=1723"},"modified":"2019-09-14T17:21:27","modified_gmt":"2019-09-14T11:51:27","slug":"nidhi-company-registration","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/nidhi-company-registration\/","title":{"rendered":"Know All about Nidhi Company Registration"},"content":{"rendered":"

A company can be incorporated for different purposes like if any person wants to start a business for profit then he may apply for the normal registration of the company. If the person wants to start a company for not for profit purpose then he may apply for the registration as per section 8 of the companies act, 2013.<\/span><\/p>\n

\"Nidhi<\/p>\n

Similar to the above, there is the concept of Nidhi Company defined under section 406 of the companies act, 2013. In this article, we will understand the concept of Nidhi Company, its advantages and its process for registration. The general meaning of the Nidhi is Treasure.<\/span><\/p>\n

The meaning of the Nidhi Company can be understood by understanding its characteristics. It is basically a finance company which can accept deposits from its members and lends the same amount to other members of the company for mutual benefit.\u00a0<\/span><\/p>\n

Nidhi Company\u2019s main source of income is through interest on loans and its main expenditure is to pay the interest on deposits from FD, RD and savings Account.<\/span><\/p>\n

A Nidhi Company can be open as a public company and the minimum share capital requirement for the registration is Rs. 5 Lakhs. Also, It is compulsory that all the directors of the company shall be the members of the company. In Simple words, they work like an NBFC however they didn\u2019t have to comply with various rules of RBI.<\/span><\/p>\n

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In this article, we will discuss about...<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n