“Nidhi” is a Hindi word, which means finance or fund. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit...
A Nidhi Company, is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only....
Nidhi companies existed even prior to the existence of companies Act 1913. The basic concept of nidhi is "Principle of Mutuality" ("Paraspara Sahayata"). Thus they function for the common benefit advantage of all their members/share holders. Nidhi companies are more popular in South India, and 80% of Nidhi companies are located in Tamil Nadu.
The Central Government made ‘ Nidhi Rules, 2014 ’ for the purpose of carrying out the objectives of ‘Nidhi’ companies. These rules shall be applicable to-
Nidhi Company Software that will automate your business processes, making your organisation more effective and responsive, and saving you time and money. Nidhi Company Software is created to meet your specific needs. It can be both cheaper than off-the-shelf software solutions and, of course, far more powerful. You can reduce the hours needed to perform time-intensive management and administrative tasks, improving efficiency, driving out cost and increasing profitability. We follow enterprise wide quality policy which is defined and measurable. Our process and methodologies are constantly monitored, updated to keep pace with the new innovations in technology and customer's needs. Nidhi software is extremely useful and user-friendly and is beneficial for any financial institutions who are into Nidhi business.
The software is fully customised providing the business with each and every tool it wants for its smooth functioning. Nidhi software can be integrated with real time Mobile, SMS and Email system. Nidhi Software is an online web application built especially for Nidhi Company with automatic posting of business data to accounts module.
We have developed Nidhi Software with continuous research in Nidhi or Mutual Benefit Fund with guidance of all experienced people, who are running such institutions. We studied exact and practical working of Nidhi along with the common problems faced by these organizations, and on the basis of this analysis and research we have developed this software. Nidhi Software is developed by our vast experienced professionals with full data security. It helps you in concentrating on your marketing and customer management activities by speeding up your work and reducing your operational time. It is fully customizable and can be integrated with real time Mobile, SMS and Email system. Nidhi software is simple and easy to understand. A person can master nidhi company software in very less time with basic computer knowledge.
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