We Corpstore Business Solutions provides an excellent services in Nidhi Company registration in Madurai and Karur. Nidhi Company is a major type of Non-Banking Financial Company (NBFC). It is formed to borrow and lend money to its members with an objective to promote the habit of saving money among its members and works on the principle of mutual help. Nidhi companies are very popular among southern states in India.
Nidhi Companies are companies that belong to the non-banking Indian finance sector and are recognized under section 406 of the Companies Act, 2013. They are also called as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. The word Nidhi means fund or finance. Nidhi company registration requires minimum 3 members. All the Nidhi company’s incorporated should have the last word as “Nidhi Limited” as part of its name. Nidhi Company is easy and economical to register.