Nidhi Company Registration

Companies Next15 Jul, 2023Business

A NIDHI Company is established with the primary objective of promoting a culture of financial discipline among its members, as well as accepting deposits from and providing loans to them for their mutual benefit. While operating as a Non-Banking Financial Company (NBFC), a NIDHI Company does not require a license from the Reserve Bank of India (RBI) and has relatively relaxed regulatory compliance requirements.