The primary objectives of a Nidhi Company include promoting thrift and savings among its members, encouraging financial cooperation and mutual assistance, and providing credit facilities to meet the financial needs of its members

CAs possess expertise in company law, compliance requirements, and financial matters. They ensure that the formation of a Nidhi Company complies with legal provisions, minimizing the risk of errors or non-compliance.

Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA) and are subject to the provisions of the Companies Act, 2013, and the Nidhi Rules, 2014. They must comply with statutory requirements related to incorporation, governance, reporting, and disclosure.

Members of Nidhi Companies have access to credit facilities, including loans and advances, at reasonable interest rates and terms. They also benefit from the promotion of thrift and savings, financial cooperation, and mutual assistance within the Nidhi Company.

Unlike traditional banks, Nidhi Companies operate on a mutual benefit basis, serving the financial needs of their members rather than seeking profits. They are subject to fewer regulatory requirements compared to banks and are primarily focused on promoting thrift, savings, and financial cooperation among members

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