NIDHI COMPANY & NBFC !! WHICH IS BETTER?

If you want to start a finance business, you might have a question in your mind that which entity should be started, whether a Nidhi Company Registration should be started or go for a Non-Banking Finance Company (NBFC).

Nidhi company is a public limited company which registered u / s 406 of companies act, 2013 and works as a boon in the financial section. It is working like a mini bank. In India, Nidhi company has the sole power to take deposits from its members, in the form of FD, RD, DD, MIS, etc.
It has the capabilities to open the saving A / c and to issue passbook to its members along with to facilitate the loan services like gold loan, silver loan, loan against any precious metal, loan against any immovable property, loan against any certificate ie, the bond of insurance, fixed deposit, etc.

Vakilkaro has expertise in various registration like Farmer Producer Company, Private Limited, Trademark Registration, Nidhi Company Registration, Section 8 Company Registration, Microfinance Company Registration, NBFC Registration.