Nidhi Company Registration in Moradabad

Nidhi Company Registration in Moradabad

A Nidhi Company or Mutual Benefit Society/Fund or any other name by which you may know it,is a company created for the mutual benefit of its members.This mutual benefit comes from group lending and borrowing. Within these companies the members make deposits and these deposits are used to give secured loans to the members at a reasonable interest rate.The basic idea of a nidhi company is to save its members from the exploitation of money lenders who charge high interest rates.

It requires minimum 3 members to register Nidhi company. After registration your company name will be in the last as "Nidhi Limited" as a part of the company. Its very easy to register a Nidhi company. Nidhi company registration can be done in Moradabad. It might not issue preference share have already been issued by a nidhi company before initiation of this act, such preference share are to be redeemed in accordance with the terms of issues of such shares.

Benefits of Nidhi Company

• Low rates of interest
• Secured Investment
• Minimum documents and formalities
• No external involvement in Management
• Helpful for low class and medium class persons