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RBI Guidelines for Nidhi Company Registration
A Nidhi Company is one that belongs to the NBFC (Non-Banking financial Company) and is recognized under section 406 of the Companies Act, 2013. Their core business activity is borrowing and lending money only to its members. Nidhi Company can freely accept deposits from members and give money to its member. The fund, which received from members and can only be utilized by its members. RBI is empowered to issue directions to them in matters relating to deposits from members. Nidhi Company cannot accept deposits from other than its member.
Rules Regarding Nidhi Company Setup in India
Nidhi Company Setup shall invest and continue to keep investing, in unencumbered term deposits with a Scheduled commercial bank (other than a co-operative bank or a regional rural bank), or post office deposits in its own name an amount which shall not:-
It is registered under section 406 of Companies Act, 2013.
It is governed by Nidhi Rules, 2014.
It belongs to NBFC sector
Their core business is borrowing and lending money amongst their members which complies with rules of Chapter XXVI of Companies Rules, 2014.
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#checklist for incorporation of nidhi company#nidhi company rules by rbi#nidhi company registration fees#nidhi company registration process
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#nidhi company registration#nidhi registration#nidhi company registration process#nidhi company incorporation
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