A Nidhi Company is a specialised entity in the non-banking finance sector that facilitates borrowing and lending funds exclusively among its members. Recognized under Section 406 of the Companies Act, 2013, Nidhi Companies play a significant role in promoting thrift and the habit of saving among their members. This article outlines the comprehensive process of [...]
Nidhi Company Explained To choose the best business structure before you open a Finance Company, Nidhi company vs NBFC, MF, etc, let us first understand what is Nidhi Company, that exists only in the Indian community. The term Nidhi means ‘treasure’. And in the Indian Finance sector, it has come to represent a mutually beneficial [...]
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