Nidhi Company

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The Knowledge Corner
Nidhi Company Forms
Ganesh Nair
| Updated: Aug 03, 2022 | Category: Nidhi Company

Purpose and Applicability of New Nidhi Company Forms

Section 406 of the companies Act 2013 specifies what a Nidhi company is. It is a type of NBFC that is created for the purposes of borrowing and lending between...

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New Nidhi Company Rules
Ganesh Nair
| Updated: Aug 02, 2022 | Category: Nidhi Company

Detailed Assessment of New Nidhi Company Rules

Nidhi Company is a type of NBFC with the purpose of fostering the habit of savings and thrift amongst its members. These companies accept deposits from their members and lend...

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Nidhi Finance Company
Priyanka Bajpayee
| Updated: Jul 01, 2022 | Category: Nidhi Company

An Overview of Fit and Proper Criteria for Nidhi Finance Company Promoter

Intending to protect the interests of the public, the Ministry of Corporate Affairs has amended rules governing Nidhi companies, whereby it is mandatory for the promoters to meet the Fit...

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Easy Steps to Start a Finance Company
Japsanjam Kaur Wadhera
| Updated: Mar 10, 2021 | Category: Microfinance Company, Nidhi Company

Easy Steps to Start a Finance Company

The Finance company provides loans or credits to the commercial customers and individuals for various reasons depending upon their needs. The commercial customers may include small businesses, retail stores or...

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Make Members in Nidhi Company
Japsanjam Kaur Wadhera
| Updated: Jan 19, 2021 | Category: Nidhi Company

Is it Possible to Make Members in Nidhi Company: Step by Step Guide

A Nidhi Company is an NBFC (which does not required RBI approval) that works for its members by accepting deposits and lending funds. One of the most important criteria of...

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Conversion of Nidhi Company to NBFC
Shivani Jain
| Updated: Jan 19, 2021 | Category: NBFC, Nidhi Company

Conversion of Nidhi Company to NBFC: A Complete Guide

In India, the concept of Nidhi Company is emerging as a popular trend, as it the cheapest way to incorporate an NBFC or Non Banking Financial Company. It shall be...

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Difference between Nidhi Company and NBFC
Shivani Jain
| Updated: Dec 12, 2020 | Category: Nidhi Company

How Is Nidhi Company Different From NBFC: A Complete Guide

In India, the process of incorporation of a Nidhi Company requires less capital in comparison to the incorporation of an NBFC. Further, it shall be relevant to mention that a...

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get loan under nidhi scheme
Shivani Jain
| Updated: Dec 11, 2020 | Category: Nidhi Company

Is It Possible To Get a Loan Under Nidhi Scheme?

In today’s era, Nidhi Company has come out as a popular source for lending funds. Further, this business structure is most predominant in the Southern Region of India. The main...

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