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Nidhi Companies are categorized as a class of NBFCs and governed by section 406 of Companies Act 2013 read with Nidhi Rules 2014. Although Nidhi Companies are classified as NBFCs, RBI approval is not necessary to register the company. Due to their dealing with funds of members only (no public funds involved),RBI has exempted Nidhi Companies from core provisions of RBI Act and other directions applicable to NBFCs.

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Fast Process of Nidhi Company Registration Online in India 50 weeks 6 days ago

Nidhi Company belongs to the non-banking Indian finance sector and is acknowledged under section “406” of the Companies Act, 2013. Nidhi Companies are formed to create the habit of saving amongst the members with the primary object to carry on the business of accepting deposits and Funds can be accepted to its members.

Requirements for Nidhi Company Registration :-

• The name should contain “Nidhi Limited”
• The Nidhi Company which is required to be incorporated shall be a “Public Company”
• It must possess a minimum paid up equity share capital of Rs. 5,00,000
• No preference shares should be issued by Nidhi Company.
• The purpose of Nidhi includes making a habit of thrift and saving amongst its members and the services of members are limited also. Professionals are there to incorparate your nidhi Company online and continue its operation effortlessly.