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Nidhi Company
Nidhi Companies belong to the composition of non-banking financial companies. The registration of a Nidhi Company allows a Nidhi to borrow from its members and lend to the members. Nidhi companies registered in India are formed to inculcate the habit of thrift and savings among their members. Funds contributed to Nidhi Company are from its members only.
What are the benefits of getting Nidhi Company Registration?
Firstly, it is necessary to incorporate a Nidhi Company Limited capital. But it should be noted that it is necessary to incorporate as a limited company first.
The main objective of this form of entity is to raise money from the public. It is also a type of NBFC which performs activities like accepting deposits from members. So, a Nidhi company can easily raise funds.
Companies are registered under Section 406 of the Companies Act 2013; This form of entity is based on the mutual benefit principle. The primary beneficiaries are members of the entity's shareholders. Hence, a Nidhi company provides loans to its members easily.
An applicant can select a group of members to complete this process. Once a Nidhi Company is registered, there is no need to involve any outside management.
There are fewer compliances than other types of entities. Under the RBI Act, Nidhi companies are exempted from performing various types of compliances.
Under the Companies Act, this form of entity will secure limited liability status. Also, this form of entity is independent of the members and directors.
Since Nidhi companies are similar to NBFCs, they must comply with the requirements of NBFCs, and entities are exempted from a specific provision of the RBI Act.
There are fewer compliances for Nidhi companies as compared to credit societies regulated by the Societies Registration Act. So, when a person wants to follow low compliance, he can opt for Nidhi Company.
Nidhi Company.
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Diverse Platforms, Systems & Tools Expertise
Company’s IT specialists are adept at both legacy and new-age platforms, systems and tools. We, thereby, comprehend client requirements easily and swiftly devise tools and strategies to mitigate client problems
Huge Technical Proficiency
Company employs IT professionals with specialties across languages and technologies. We are, therefore, in a constant state of readiness to deploy suitable IT experts to specific client needs
Wide Industry Base
We have clients across a wide range of industries and regions around the globe. This has given us the experience and insights into the unique considerations of different organization, thereby building our best practices compendium
Swift Design & Implementation
At Company, our team of IT specialists are quick in requirement assessment, design and implementation. Backed by adequate tests and comprehensive documentation, we offer a safe net to enterprises, shortening the time-to-operate and optimizing the resources
Round-the-clock Support
Our IT specialists are available for round-the-clock support and maintenance services. With Company, you experience no downtime!
Cost-Arbitrage with Cost-Efficiencies
At Company, we follow flexible pricing models that take into consideration client needs and limitations. Our tailor-made pricing enables our clients to effect cost efficiencies with a huge margin. At the same time, our price-points fit in easily with client’s digital transformation budgets
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