Welcome To Nidhi Limited Company
About Nidhi Company
- Nidhi company are Companies that are Registered under the Companies Act . Nidhi companies registered and recognized under section 406 of the Companies Act, 2013 and is regulated by Ministry of Corporate Affairs or MCA. Nidhi companies are controlled by Nidhi Rules, 2014. They are incorporated as the Public Limited company and therefore , they must abide with two set of rules, pertaining to the Public limited company as per Companies Act, 2013 and Nidhi rules, 2014.
- Nidhi Company is also known as Mutual Benefit company. It promotes the skill of saving and effective utilization of funds within its members.
- There is no need to seek RBI approval to register the company, as RBI has specifically exempted this category of NBFC in India.
- Helpful for Lower and Middle Classes, Low Rates of Interest, Secured Investments and Minimum Documentation and Formalities are advantages that makes Nidhi companies to be a better choice for conducting business.
- Since all the lending and depositing transactions are performed by members of the company, it lowers the financial risk taken by the company. In Nidhi companies, only the members are involved with the financial transactions which make it safe and easy to track with the person depositing or borrowing funds from the company.
- Nidhi companies follow the net-owned funding system. Net-owned funding refers to the transaction where the owner invests an amount in the business to raise funds for the same. In Nidhi companies the ratio of net-owned funding is 1:20, which means if an owners invests Re. 1 in his/her business he/she can raise a fund of Rs 20 for his/her business. This feature of Nidhi companies makes it cost effective for owners to invest in new business ventures and grow their company with more capital and diversify their business.
- keeping 10% unencumbered deposits in schedule / commercial banks or post offices within one year of commencement of Nidhi Rules, 2014
In Short
A nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.
Securities For Investors in Nidhi Company
- 20 Lac Authorized Capital
- Net-owned Funds To Deposite Ratio 1:20
- keeping 10% unencumbered deposits in schedule commercial banks or post offices within one year of commencement of Nidhi Rules, 2014.
APKUBER NIDHI LIMITED's Account is in Reputed Banks
AXIS BANK
THE COSMOS BANK
THE COSMOS BANK
Viman Nagar Branch
THE COSMOS BANK
THE COSMOS BANK
THE COSMOS BANK
Deccan Gymkhana Branch
RBL BANK
THE COSMOS BANK
RBL BANK
Kothrud Branch