NIDHI COMPANY SOFTWWARE AN INTRODUCTION
Nidhi Company is a company that belongs to INDIAN NBFC in the nonbanking financial sector. Regulated by the ministry of corporate affairs and recognized under section 406 of the companies act, 2013. The main business of these companies is to borrow and lend money to their members. One important feature of Nidhi companies is that they strictly deal with their stakeholders or members only. They are based on the principle of mutual benefit. They have an object of developing the habit of thrift and savings amongst its members and accept deposits and lend money based on mutual benefit. As far as governing laws are concerned RBI has exempted these companies from complying with its core provisions, but since they are incorporated as a public limited company they have to comply with public limited company norms as per companies’ act 2013 also have to comply with norms of Nidhi rules 2014. Although no approval is required for its registration they need to make a minimum of 200 members within one year of their commencement. The management of operations in Nidhi Company can be carried out through special software known as NidhiCompany Software. It is used across India quite successfully. It is the best software for managing all activities in Nidhi companies. Whether it is deposit activity, term deposit activity or loan distribution activity, all activities are quite easily managed with Nidhi company software. Not just that it is the best software but its availability is good, all you need is to search Nidhi software near me on google and you will get many providers of this software. It is managed online through a different form of integrated technology. FEATURES OF NIDHI COMPANY SOFTWARE
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It has some advanced features such as integrated technology, which makes this software kind of multi-tasker and enables it to perform multiple operations simultaneously. It has a system of information management in which no information is stored but is analyzed properly. Operations are carried out with inbuilt checks and balance, approved procedures etc. Documents are managed comprehensively through this software. Software is very much customized as per the need of the company. Its dashboard shows all the features which are available for use. Which makes operating this software quite easy?
These are a few key features of Nidhi company software. Apart from these key features, it has many other features which make it the first choice when it comes to choosing software for a Nidhi company. Some other important features are it user-friendly, easy availability, it can be used by multiple users as it is web-based; in many languages it is available etc. Also, one important thing that is to be noticed and since it is an NBFC so it makes it even more important that Nidhi company software is completely by government norms.
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