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Nidhi Company Registration process that allows the formation of a non-banking financial company (NBFC) under the Companies Act, 2013. Its main goal is to encourage members to save money. A unique company name must be selected, necessary paperwork such as the MOA and AOA must be prepared, an online application must be submitted to the Ministry of Corporate Affairs (MCA), and a Certificate of Incorporation is required. After registering, the business can only offer money to its members and take deposits.

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