Nidhi companies are ideal for individuals aiming to cultivate a habit of thrift and are looking to commence a finance business with minimal capital investment. Nidhi Company Registration, an NBFC incorporation, falls under the purview of the Ministry of Corporate Affairs and is governed by Section 406 of the Companies Act, 2013. HSRAdvisory facilitates the online registration of Nidhi companies, providing comprehensive guidance throughout the process.
Nidhi companies provide banking services to rural and remote areas, addressing the financial needs of individuals who may face challenges accessing services from nationalized banks and NBFCs. Borrowing and lending procedures are simplified, reducing complexities when compared to banks or informal settings. Members can borrow money at a lower interest rate within the Nidhi company, offering a cost-effective alternative to conventional lending.
GHR Advisory guides you through the entire Nidhi Company registration process, offering professional assistance in completing the necessary documentation, coordinating with vendors, and ensuring compliance with regulatory requirements.
The registration timeline can vary, typically ranging between 5 and 15 business days. GHR Advisory expedites the process by efficiently managing interactions with authorities and ensuring all requirements are met.
The documents needed include identity and address proof, PAN card, rental agreement or sale deed, and other relevant documents.Â
