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Nidhi companies accept deposit as well as lend loans only to its member for their mutual benefit. Nidhi Company falls under the category of Non-Banking Financial Services and does not require Reserve Bank of India license. Nidhi companies are formed and regulated by the section 406 and Companies Act Rules, 2014. In this article know complete guide on Register Nidhi Company.
Nidhi Company is a public limited company. The process for registering Nidhi Company is same as that of the public limited company.
Some of the documents required for members are listed below:
Requirements to be met within a year of Nidhi Company Registration are listed below. These elements are very important if the requirements are not fulfilled by the registered Nidhi Company, the company will leave by default.
Read our article:Rules Regarding Nidhi Company Setup in India
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