Nidhi Company

Nidhi Company is a non-banking financial company (NBFC) whose objective is to borrow and lend money to its members. Nidhi Companies typically operate without a license from the Reserve Bank of India, hence it is very easy to form. It is registered as a public company, however, it should have “Nidhi Limited” as the last words in its name. The profits of this company are applied towards promoting the objectives of the company.

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