Nidhi Company Registration
Nidhi Company Registration (https://www.registerkaro.in/ni....dhi-company-registra is the legal process of incorporating a type of non-banking financial company (NBFC) in India that primarily deals with accepting deposits and lending money to its members. Governed by the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA), a Nidhi Company promotes the habit of thrift and savings among its members. It requires a minimum of seven members and three directors to start, with a minimum capital of ₹5 lakhs. Unlike other NBFCs, it does not require RBI approval, making it a simpler and cost-effective option for small-scale financial activities.
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