Nidhi Company

A Nidhi Company is a type of company in the Indian non-banking financial sector, recognized under section 406 of the Companies Act, 2013. Its main purpose is to cultivate the habit of thrift and savings among its members.

Core Objectives

  • Borrow and Lend money only between members
  • Encourage the habit of saving among members
  • Mutual Benefit for its members
  • Operate primarily in local communities
  • Low cost of registration and maintenance

Key Requirements

  • Minimum of 3 Directors
  • Minimum of 7 Shareholders
  • Minimum Paid-up Capital of 5 Lakhs
  • Digital Signature for Directors
  • Specific suffix "Nidhi Limited" in the name

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