BEST NIDHI SOFTWARE DEVELOPMENT COMPANY IN BIHAR

The word Nidhi Company refers to a certain form of NBFC (Non-Banking Financial Corporation) that is governed and regulated by the Companies Act of 2013. The single essential aspect that sets this company from others is that it only accepts deposits from and makes loans to its members, i.e., shareholders, and it only works for the mutual benefit of its members.

Best Nidhi Software Development Company in Bihar provides many benefits to its members, but it does not come without some drawbacks, which are listed below.

Fundraising is limited

Because the Nidhi company only accepts deposits from members, its funds are quite limited when compared to other financing organizations.

Credit is in short supply.

Because the funds raised are limited, lending availability will be limited in comparison to other financial businesses.

attentiveness on the part of the RBI

Despite the fact that the Nidhi Companies are exempt from RBI restrictions, their deposit acceptance operations are overseen by the RIB.

Other Requirements

Nidhi Companies are governed by laws and directives issued by the central government from time to time. As a result, they are not completely free of the regulatory framework.

It's also worth noting that, because this company structure is comparable to an NBFC, the actions of this business structure fall under the purview of the RBI (Reserve Bank of India). However, because this Company exclusively deals with the money of its owners or members, RBI has exempted it from the main provisions of the RBI Act, 1934, and other NBFC laws.