Nidhi is a well-known word in India that implies money or treasure in a variety of Indian languages, including Tamil, Telugu, Kannada, and Hindi. However, according to the Indian Financial Sector, Nidhi Company is a Mutual Benefit Company that goes by the names Mutual Benefit Fund, Benefit Fund, and Permanent Fund.
The key benefit of starting the Best Nidhi Software Development Company in West Bengal is that it teaches members how to save money wisely and how to spend money wisely. Nidhi Company encourages its members to save their spare money and invest it wisely.
VERY EASY TO CREATE
All it takes is seven people, three of whom should be designated as directors.
You'll require a few essential documents.
The registration process is quite basic and straightforward, and it may be completed entirely online.
The registration process took only 10 to 15 days to complete.
When compared to other types of financing firms, such as NBFCs, the Nidhi company registration process is quite simple. Nidhi Company registration has a very low level of sophistication.
REGISTRATION AT A LOW COST
The registration charge for a Nidhi Company is quite inexpensive and affordable. The minimum capital required to start a Nidhi Company is Rs. 5,00,000 lakhs, and you have two months to prepare and invest the funds after the registration process is completed.
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