Nidhi Company

PVM Legal Force supports your Nidhi Firm Registration Online in Chennai.PVM Legal Force is one the Leading Service providers in Chennai. A Nidhi Company is a type of non-banking financial company (NBFC) in India that is engaged in the business of lending and borrowing of funds among its members. The word "Nidhi" means "treasure" in Sanskrit, and these companies are also known as "Mutual Benefit Societies". A Nidhi Company must have a minimum of three directors and seven members and must comply with the rules and regulations set forth by the Ministry of Corporate Affairs. The main objective of a Nidhi Company is to encourage savings and provide loans to its members at reasonable rates of interest.