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At Startup Tiger, we specialize in assisting entrepreneurs and business owners with the formation of Nidhi Companies, offering a comprehensive pathway to establishing their own mutual benefit societies. Nidhi Companies, governed by the Nidhi Rules, 2014 under the Companies Act, 2013, are created primarily for cultivating the habit of thrift and savings amongst its members, by receiving deposits from and lending to its members only, for their mutual benefit.
Promotes Savings and Thrift: Nidhi Companies are instrumental in building a culture of savings and financial thrift among its members, promoting financial discipline and mutual benefit.
Ease of Management: With governance and operations restricted to members, Nidhi Companies enjoy a simplified management and operational framework, facilitating ease of decision-making and administration.
Minimal Regulatory Burden: Compared to other financial institutions, Nidhi Companies are subject to fewer regulatory compliances under the RBI, primarily because they deal only with shareholder-members’ money.
Limited RBI Oversight: Since Nidhi Companies take deposits and lend to their own members, they are exempt from the core provisions of the RBI Act and other stringent regulatory frameworks applicable to other finance companies.
Starting a Nidhi Company can be a rewarding venture, offering a platform for mutual financial growth and support among members. With Startup Tiger’s professional guidance and support, you can navigate the formation process with ease and confidence, ensuring your company is set up for success from the very beginning.
