The term “Nidhi” in Hindi means finance or fund. Nidhi Company Registration is aimed at promoting savings among its members and providing financial assistance exclusively to its members. These companies are allowed to take loans from their members and lend only to their members. As a result, they cannot accept deposits or lend money to non-members.

While Nidhi companies do not require separate registrations with the Reserve Bank of India (RBI), the RBI has the authority to issue directives to them. Nidhi Companies are exempted from certain provisions that apply to non-banking financial companies (NBFCs) in India. The minimum requirement to start a Nidhi Company is 7 members and 3 directors. Additionally, all such companies must include “Nidhi Limited” as a suffix in their name. Nidhi Companies are relatively easy to form and have minimal compliance requirements. You can visit our website to learn more about the types of loans that Nidhi companies can offer and the permissible interest rates.

At simplemyfiling.com, we provide end-to-end incorporation, compliance, advisory, and management consultancy services for businesses in India and abroad. Registering a Nidhi Company in India is a seamless, cost-effective, and quick process with our platform. In addition to Nidhi Companies, we assist entrepreneurs with the registration of Private Limited Companies, Public Limited Companies, LLPs, HUFs, One Person Companies, and Proprietorship Firms.

For a free consultation and more information about our services, you can reach out to our compliance manager at +91 78663478 or email us at simplemyfiling@gmail.com.