Nidhi Company Registration: Benefits and Process for Mutual Benefit Societies
Nidhi companies are unique mutual benefit societies that facilitate savings and lending among members. This guide covers the registration process, minimum requirements, and operational guidelines. Key features include member-only transactions, simplified compliance, and mutual benefit structure. Registration requires minimum 7 directors, ₹5 lakh paid-up capital, and 200 members within one year. We explain the business model, permitted activities, and restrictions on operations.
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