Nidhi Management Software

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Nidhi Management Software

44,999/- (inclusive of all taxes & fees)*

Important Points

  • - Software in 5 to 7 Working Days
  • - Can be renewed even six months after expiry
  • - Free advice before payment

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Nidhi Management Software

All About Nidhi Management Software In India

What is a Nidhi Company?

Belonging to the classification of non-banking business firms and identified below Section 406 of the Companies Act, 2013, it is regulated by the central government. The basic business of such a company is to facilitate lending money between the core members of the company. Examples of a Nidhi Company are permanent funds, mutual benefit funds, a mutual benefit company and benefit funds. The main concept behind developing a Nidhi Company is to obtain cash deposit from associates or contribute to them, for the common gain of the two parties. All lending and acquiring must agree with the decree stated in chapter XXIV of Company Rules, 2014.

Basics of a Nidhi Company

REGULATED BY MCA & RBI

The financial dealings and all the registration processes of a Nidhi company are regulated by the Ministry of Corporate Affairs. The deposit acceptance activities conducted by the Nidhi Company also come under the scanner of Reserve Bank of India and the latter has the rights to look into the financial dealings. Nidhi companies are only allowed deposits which are over six months and less than five years old.