Nidhi company registration is one of the kinds of NBFC which do not require the Reserve Bank of India (RBI) approval. Further, it is described as the cheapest form of NBFC which can be formed by any person in India.
Nidhi Companies are not allowed to do a Micro Finance business in India. Micro Finance credit is a type of business which has been specifically assigned to Non Banking Financial Companies (NBFC) with a minimum net owned fund of Rs.5 crore.
Everybody thinks that Registration of company in India is a very tiring and time taking process and requires lots of money to invest. But with the new interventions from the new government the process of registration becomes easier day by day and new step
Vehicle Finance Company in India is company which finances the physical assets like automobiles, cars etc. In India, no company can do the business of vehicle finance without the prior registration with the Reserve Bank of India (RBI).
Choosing a form of business to start your business in India is the crucial step and hence proper attention should be given when you choose with which type of business entity you should go with whether with private limited, one person company or LLP.