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Updated on 27 Jan 2021 9.00 AM IST | 4 min read
Nidhi Company Registration in India
“Nidhi” is a word of Hindi which means finance or fund. It is a type of non-banking financial company incorporated and registered under the company’s act, 2013 with the main aim of borrowing and lending money to its members. It develops the habit of saving among its members and works on the principle of mutual benefit.
Minimum three directors are needed for the registration of Nidhi Company. Nidhi company registration is very easy and it does not require RBI approval. Its registration is very economical too. All those companies which are incorporated as Nidhi Companies must use the last word as “Nidhi Limited” as part of its name. No background check is needed for the registration of Nidhi Company. Anybody can form a Nidhi company.
What Nidhi Company offers?
Documents Required for Nidhi Company Registration in India
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