Nidhi Company Registration is the process of establishing a non-banking financial company that is primarily engaged in the business of accepting deposits and lending to its members. It is formed under the Companies Act, 2013 and operates for the mutual benefit of its members. Nidhi companies are limited to dealing with their members and cannot accept deposits or lend money to the public. To register, a Nidhi company must have at least 3 directors and 7 members, and it must maintain a minimum net owned fund of ₹10 lakhs. These companies are governed by the Ministry of Corporate Affairs (MCA) and must follow the guidelines set by the Reserve Bank of India (RBI).
