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Nidhi Company Registration online
Question asked by filingbazaar - March 17 at 7:15 PM
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The term “Nidhi” translates to “funds,” and accordingly, a Nidhi Company is a non-banking financial entity registered under the Companies Act 2013. As a result, with the predominant objective of pursuing prudence and savings amongst its members, receiving deposits from and lending money to its members for their mutual benefit. Nidhi Companies being a category of a non-banking financial company (NBFC), comes under the ambit of the Reserve Bank of India (the RBI) that holds the authority to issue directions to such Companies. Because the scope of every Nidhi Company is limited to its shareholders and members, the RBI has exempt Nidhi Companies from the core provision

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