Nidhi Company is a Public Company incorporated under the provisions of the Companies Act, 2013 and governed by the Nidhi Rules, 2014 with the objective of:
It is classified under the category of NBFCs( Non-Banking Financial Institutions) however, it does not require any license from RBI to do the business.
Not less than 200 members;
Net Owned Funds of 10 Lacs or more;
Unencumbered term deposits of not less than 10% of the outstanding deposits;
Ratio of Net Owned Funds to Deposits of not more than 1:20.
Hire Purchase Finance,
Acquisition of securities issued by any other body corporate
A Nidhi Company is registered under the provisions of the Companies Act, 2013 through the procedure prescribed under the Act and Rules and Regulations made there under.