Nidhi Companies in Gujarat 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 Gujarat 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 Gujarat 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 Gujarat within 15-20 days.
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