Shoplegal specializes in Nidhi company registration in Chennai, guided by skilled professionals. For entrepreneurs seeking a business venture with minimal capital investment, Nidhi company registration stands out as an optimal choice.

Nidhi companies with online Nidhi company registration in Chennai, regulated under the Companies Act, 2013, offer a convenient and cost-effective route for initiating finance or loan-related businesses in India. Primarily focused on deposit acceptance and money lending, Nidhi companies enjoy tax exemptions and reduced annual compliance burdens, promoting a culture of prudent spending and saving among members.

Functioning akin to Nidhi banks, these entities conduct transactions within defined parameters, exclusively among registered members. Governed by RBI regulations, a registered Nidhi company must suffix 'Nidhi Ltd.' to its name. The establishment and governance of Nidhi companies across India are stipulated under Section 406 of the Companies Act 2013 and the Nidhi Companies Rules, 2014.