Nidhi Companies in Andhra pradesh are allowed to lend and borrow from its members (shareholders). The funds are contributed by the members-only, Nidhi companies mainly cultivate the habit of savings among the people and it works for the mutual benefits of the members.
Several exemptions are provided to the Nidhi Companies in Andhra pradesh concerning annual compliance and taxation. Similar to the functioning of the NBFCs as the activities of the Nidhi Companies do not fall under the purview of the Reserve bank of India.
The following documents are required to incorporate a Nidhi Company.
While registering a Nidhi company in Andhra pradesh it is first important to register a limited company under the Companies Act,2013. Our experts at IndiaFilings can help you obtain Nidhi Company registration in Andhra pradesh within 15-20 days.
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Last updated: Apr 20, 2023
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Nidhi Company Registration In Andhra Pradesh FAQ's
How many people are required to register a Nidhi Company in Andhra pradesh?
Why is it necessary to have a registered office?
Can Nidhi company registration be done online?
Who can be the director of Nidhi company registered in Andhra pradesh?
Can a Nidhi company registered in Andhra pradesh operate in another state?