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Nidhi Company has been derived from the Hindi word treasure. It is a form of the company meant for a habit of saving fund between the member of the company. Nidhi companies are the form of NBFC (Non-banking financial corporation) registered under Companies Act, 2013. It one of the cheapest and easiest form of NBFC. Nidhi company is a secured means of investment.
Nidhi Company consists of investment structure and realignment of funds within a growing group of the member who benefits from the returns at fixed duration. Nidhi company deals with borrow and lending of money. This activity can only be performed between members. Its members and membership is limited to individuals. It is basically highly localized and mostly single office institution.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.