INTRODUCTION
Nidhi Company is a company which belongs to INDIAN NBFC that is non-banking financial sector. It is regulated by ministry of corporate affairs, recognized under section 406 of companies act, 2013. Main business of these companies is to borrow and lend money to their members. One important feature of Nidhi companies is that they strictly deal with their members only. They are based on the principle of mutual benefit and have an objective of developing habit of savings among its members and accept deposit and lend money on the basis of mutual benefit. As far as governing laws are concerned RBI has exempted these companies from complying to its core provisions, but since they are incorporated as public limited company they have to comply to public limited company norms as per companies act 2013 also they have to comply to norms of Nidhi rules 2014. Although no approval is required for its registration but they need to make a minimum of 200 members within one year of their commencement.
The management of operations in Nidhi Company is carried out through special software known as Nidhi company software or Nidhi Software for Cloud, it is used across India quit successfully. Nidhi software for cloud is best software for managing all activities in Nidhi companies. Whether it is deposit activity, term deposit activity or loan distribution activity, all activities are quit easily managed with Nidhi software. Not only it is the best software but its availability is good, all you need is to search Nidhi software near me on google and you will get many providers of this software. It is managed online through different form of integrated technology.
FEATURES OF NIDHI COMPANY SOFTWARE
- Nidhi software has some really advanced features such as integrated technology, which makes this software kind of multi tasker and enables it to perform multiple operations simultaneously.
- Nidhi software has a system of information management in which not only information is stored but information is managed as well.
- Operations are carried out within built checks and balance, approved procedure etc.
- Documents are managed comprehensively through this software.
- Nidhi software is customized as per the need of the company.
- Nidhi software for cloud has a dash board which shows all the features which are available for use.
This makes operating of this software quit easy. These are few key features of Nidhi company software. Apart from these key features it has many other features which makes it first choice when it comes to choosing a software for a Nidhi company. Some other important features are it user friendly, easy availability, it can be used by multiple users as it is web based; in many languages it is available etc.
Also one important thing that is to be noticed and since it is a NBFC So it makes it even more important that Nidhi company software is completely in accordance with government norms.
Nidhi Company is the perfect type of company for those who want to start a business with minimum capital investment.
As per the provisions of Section 406(1) of the Companies Act, 2013, the Nidhi Company as 'A company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members just for their mutual benefit.”What is ROC Compliance?ROC stands for Registrar of Companies which is an office under the Indian Ministry of corporate affairs that deals with the administration of the businesses Act, 2013.
ROC has been appointed under section 609 of the businesses act covering the varied States and Union Territories are vested with the first duty of registering companies and LLPs floating within the respective states and therefore the Union Territories and ensuring that such companies and LLPs suits statutory requirements under the act.
The office of ROC functions as registry records, associated with the businesses registered with them, which are available for inspection by members of the general public on payment of the prescribed fee.
It is important to comply with all compliances applicable to your company to avoid penalties and fines.Our kanakkupillai team will guide you through all these compliances required to be completed since the incorporation.
You can get your ROC Compliance for Private Limited Companies done through kanakkupillai.Advantages of Nidhi Company RegistrationEasy to Form the CompanyWith 7 persons during which 3 of them are going to be appointed as Director can start a Nidhi CompanyEasy registration processJust 10-15 days needed to registerCost-Efficient RegistrationWith Rs 5,00,000 because the minimum capital investment, Nidhi Company Registration in India are often started.
