A Nidhi Company is the one that belongs to the non-banking Indian finance sector and is 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 and Mutual Benefit Company. They regulated by Ministry of Corporate Affair.
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1. These exceptionally restricted single office foundations having no outside inclusion, offer advances to and acknowledge deposits from members at charming rates, and with least documentation and conventions.
2. These acknowledge term deposits from members for opportune and secured returns.
3. These cultivate secured and lucrative investments, inferable from inflexible and comfortable membership structure.
4. They borrow money and lend money to their members. They give Fund Benefits and Mutual Fund Benefits.