Nidhi Company
Description
Legal Information and Benefits of Nidhi Company
Benefits of Nidhi Company
• LegalHai operates as a Nidhi company under the provisions of the Companies Act, 2013. Nidhi companies are non-banking financial entities that encourage savings among members and provide them with easy access to credit facilities. Some benefits of associating with our Nidhi company include:
• Encouragement of Savings: Members can cultivate a habit of saving by depositing funds regularly.
• Easy Access to Credit: Members can avail loans at reasonable interest rates, facilitating their financial needs for various purposes.
• Community Focus: Nidhi companies primarily serve their members’ interests, fostering a sense of community and trust.
• Limited Regulatory Compliance: Compared to traditional financial institutions, Nidhi companies have simpler regulatory requirements, making them more accessible to members.
Reviews
There are no reviews yet.