TaxHint Advisior Private Limited
Our business is dedicated to giving consumers excellent service. We have a long history of providing software services and company registration services. We have grown into a top-notch group of professionals and specialists. Our consulting team is always here to assist you. Regarding our services, the following information:-
About Taxhint Solutions
We at TAXHINT Advisors Private Limited specialise in working with fintech solution providers. Specialized services are offered by TaxHint, which has a staff of knowledgeable and experienced experts. Our team consists of lawyers, retired RBI managers, CAs, CSs, and CSs with more than 20 years of experience.
We Do Things Differently
At TaxHint, we will help you to turn your ideas into reality. We will help you to convert your ambitions into reality.
We are a team of professionals who can assist you anytime you need us. Our company provides a complete solution to landline and Fintech organisations using cutting-edge technologies. We have 12 years of experience in this field.
Grow with Us : Start Your Business Today
At TaxHint Solutions, We are providing specialised consulting services that will help you to grow, manage your business. You can focus on the core area of your business.
MULTISTATE SOCIETY REGISTRATION
-
100% Online
-
Register Your Business Anywhere in India
-
Dedicated CA/CS Available
NIDHI COMPANY REGISTRATION
-
100% Online
-
Register Your Business Anywhere in India
-
Dedicated CA/CS Available
MICROFINANCE COMPANY REGISTRATION
-
100% Online
-
Register Your Business Anywhere in India
-
Dedicated CA/CA Available
Client Testimonials
What our client says about Us : Our clients are our strengths. Their feedback is very important for us.
Featured In




List Of Clients












FAQ
A Nidhi Company is a Company which carries on the business of accepting deposits and lending the same on demand. Nidhi Company is similar to NBFC but the only basic difference between the two is that Nidhi Companies accept deposits only from its members. The main aim of these companies is to work for the mutual benefit of its members. These companies are not entitled to carry on the business of Hire Purchase Financing, Insurance, Chit Funds and Acquisition of securities or Issue of any Debt Instruments.
A minimum of three directors and seven shareholders are needed for incorporating a Nidhi Company.
No, a minor is not allowed to become director of a Nidhi Company. Only a person who is a minimum of 18 years old can become the Director of a Nidhi Company.
No, there is no upper limit prescribed for the maximum number of members. However, it is mandatory for a Nidhi Company must have a minimum of two hundred members by the end of the 1st financial year.
No, all the financial transactions have to be made only between the shareholders of the company.
No, Nidhi Company is not allowed to do microfinance business in India. These are because micro finance is a completely different set of business for an NBFC and require more capital to do the same. Hence, Nidhi Company cannot engage itself into micro finance business. Further, since Nidhi Company raise fund from deposits and hence, if it passes the same to member without any security, then there will be great chances of customer default which will ultimately results into bankruptcy of the Nidhi Company.
A Nidhi Company can open up to 3 branches after three years of continuous profit running of the business. Further, these three branches can be opened within the district only. Further, to open any branch outside the district, you will require the Regional Director (RD) permission. Also, a Nidhi Company cannot open a branch outside the state.
Yes, the Deposits with such companies are safe and secure because the Ministry of Corporate Affairs and Reserve Bank of India has framed rules and regulations to ensure the safety and security of Deposits. And the Nidhi Company compulsorily abide by the rules of Central Government.
Any person who is above 18 years of age as per the standard age proof can become a member of the Nidhi Companies. The person desirous of becoming a member should have valid ID Proof and Address Proof.
Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewelry or any type of financial securities against the loan.
Yes, it is necessary to use the word “Nidhi Limited” in the name of the company. However, the term “Mutual Benefit” can also be used.
The microfinance sector in India has more than 3000 MGIs, NGOs, and NGO-MFIs spread out over the country.
The different types of institutions that provide microfinance in India are Commercial banks. Credit unions. Non-governmental organizations (NGOs).
Any selected customer group may be granted a loan to use as startup money for their microbusiness or other income-generating ventures in an effort to improve their standard of living.
Microfinance can give women to increase their income generation, loans for homegrown entrepreneurs, emergency medical loans, home improvement loans, and home extensions/ business improvement loans.
For those who reside in far-flung villages around the nation, microfinance is an alternative to banking.
The services provided by banks are supplemented by microfinance organizations. Financial services like insurance, savings, and remittance are additionally offered in addition to microcredit.
What are the eligibility requirements to provide a loan under a microfinance company?
He should not have a history of defaulting in any organization. He must meet the qualifying requirements set forth by the Reserve Bank of India (RBI) and the Microfinance Institutions Network (MFIN), including total debt, annual household income, and other requirements.
Microfinance is a banking service that gives unemployed or low-income people or groups access to financial services that they would not otherwise have. People can obtain acceptable small business loans through microfinance in a secure manner that adheres to moral lending principles.
A contemporary method used to assist microfinance organisations in expanding their digital operations is microfinance software. In order to help the customer save time and money, it offers intelligent banking capabilities at the lowest possible cost.
The multi-State Cooperative Societies Bill was introduced in the Parliament in order to accomplish the goal of creating co-operatives in more than one State. The bill sought to codify and amend the law relating to cooperative societies, with objects not limited to one State and serving the interests of members from multiple states.
Yes, It is safe if it meets all the requirements with RBI.
1 The Jackson Co-operative Credit Society of the Employees of the Western Railway Ltd.
2 Karur Vysya Bank Staff Coop Thrift & Credit Society Ltd
3 South India Multi-State Agriculture Cooperative Society Ltd.
4 Adarsh Cooperative Bank Ltd./Madhav nagrik Sahakari Bank Ltd.
5 LDC Multi-State Cooperative Credit Society Ltd.
6 The Sutex Cooperative Bank Ltd
7 Malankara Multi-State Cooperative Credit Society Ltd
8 Dhanmudra Urban Multi-state Co-operative Credit Society Ltd
9 The Vishweshwar Sahakari Bank Ltd
10 Krishi sansaar multi-state cooperative society ltd.
3rd July 2002
Credit, Housing, Agriculture, Transport, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Consumer, and Multi-Purpose cooperative societies are some of the several types of multi-state cooperative societies. There might be more than 50 members, but each additional state needs to have at least 50 members.
Shri Vijay Kumar, IAS.
What is a multi-state agro-cooperative society?
The multi-State Cooperative Societies Bill was introduced in the Parliament in order to accomplish the goal of creating co-operatives in more than one State. The bill sought to codify and amend the law relating to cooperative societies, with objects not limited to one State and serving the interests of members from multiple states.
A non-banking financial company (NBFC) is a business registered under the Companies Act of 1956 that engages in the business of loans and advances, the acquisition of shares/stocks/bonds/debentures/securities issued by the government or a local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, and chit business
When was NBFC established?
December 1964.
Yes, It provides loans online.
Yes, it provides a personal loan.
25 lakhs.
NBFC can provide loans against the collateral of gold jewelry.
A Nidhi company cannot be converted into NBFC.
Yes, it gives you a fixed deposit facility like a bank.
Agri-financing enables farmers and other participants in the agricultural value chain to safely store their harvest while simultaneously obtaining funding against collateral.
There is a total of 9680 NBFCs registered with the Reserve Bank of India.
Bajaj Finance Limited, Mahindra & Mahindra Financial Services Limited, etc are some famous NBFCs.