Description
Nidhi Company Registration
A Nidhi company is a type of non-banking finance entity recognised under Section 406 of the Companies Act, 2013. Its main activity is borrowing and lending money among their members. Benefit funds, permanent funds, Mutual Benefit, and Mutual Benefit Funds Company are all terms used to describe them. In India, the MCA regulates these businesses and retains the authority to issue directions regarding deposit acceptance activities.
