NIDHI COMPANY

Nidhi Companies in India are created for cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to borrow from its members and lend to its members. Therefore, the funds contributed to a Nidhi company are only from its members (shareholders). Hence, Nidhi companies are mainly used to cultivate a habit of savings amongst a group of people.

Basics of Nidhi Company

Restrictions on Nidhi Company
Restrictions a Nidhi Company is subject to under Nidhi Rules, 2014. As per Rule 6 of Nidhi Rules, 2014, a Nidhi Company shall NOT:

Documents Required

Members

For Registered Office

Other Details

Deliverables

Minimum Requirements

Deliverables

Minimum Requirements

Service Charges

Rs 38999 (All inclusive)*

*Cost of Stamp paper as per Government rules

Service Charges

Rs 38999 (All inclusive)*

*Cost of Stamp paper as per Government rules