Posted on Jan 30, 2021

Accovet Ltd

Registration of Nidhi Company

Companies are the most refined and publically accepted business model in India because of its
essential features like limited liability, separate legal entity, transferability of shares, and ability
to raise fund from public etc. Public Limited companies are preferred by entrepreneurs who have
the drive to grow big in business and do operations on large scale.

A Nidhi Company’s fundamental business is borrowing and lending money between its members. It functions for the common benefit of all its members and shareholders therefore
it is prohibited to receive deposit or lend loans to non- members.
A Nidhi Company is incorporated as a public Limited Company and should suffix the words “Nidhi
Limited” with the name of the Company. A Nidhi Company is categorised under the Non-Banking
Financial Company or NBFC, but it does not require the Reserve Bank of India (RBI) license.

#accovet #nidh_company #register_your_business
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