Nidhi finance companies are mutual benefit type of companies which is works for the benefit of its members. Functions of company are limited to only its members, wherein the companies are permitted to accept deposit and give loan to its members. Legal compliance and requirements of Nidhi company registration are far less when compared with the other NBFC’s, which are functioning under the strict regulations of RBI. A Non-Banking Financial Company (NBFC), as the name suggests is a Company (registered under the Companies Act) which is engaged in financial services as per business purpose. A Nidhi financial bank being financial institutions have functions and features similar to that of traditional Banks. Requirement of Nidhi Company Registration Services Nidhi finance company will always be public limited company and its name should end with ‘Nidhi Limited”, currently Nidhi Company is becoming very popular for lending business. · At least 3 directors & 7 members a
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