Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Nidhi means “Treasure”, Nidhi Companies are the companies which are involved in the activities of acceptance of deposits and lending to its members. They are mainly incorporated with the aim of cultivating the habit in its member of saving and using the resources in its best way without wasting. The core business activity of Nidhi Company is to borrow from its members and lend it to its members. It is a type of NBFC which is exempted from the provisions of RBI. In this article we described about Nidhi Company Incorporation Procedure.
As per the Nidhi Rules, 2014 there are some activities which are not allowed by Nidhi Companies and they are:
The Nidhi Company satisfying the above conditions required for Nidhi Company registration shall within 90 days from the close of 1st Financial Year or 2nd Financial Year (as may be applicable) file a Return of Statutory Compliances in Form NDH-1.
In case the company is not able to meet the requirement the company shall within 30 days from the date of close of 1st Financial Year will to Regional Director in Form NDH-2.
The repayment period of loan against property cannot exceed 7 years.
Recommended Post: A Complete Guide on How to Register a Nidhi Company.
Did you or anybody in your family invest in Axis Bank Limited shares during the 1990s or early...
The Pharmaceutical industry is India's top gross domestic product (GDP) contributor. The market...
In the evolving international trade space, ensuring supply chain security and compliance with t...
Investment in shares of big public sector companies such as Coal India Limited (CIL) provides l...
The Securities and Exchange Board of India (SEBI) issued a circular on May 2, 2025, simplifying...
Are you human?: 3 + 4 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Nidhi Company is not permitted to do the Micro Finance business in India. Micro Finance credit is a kind of busines...
06 Sep, 2022
Nidhi companies are established for initiating and promoting the practice of savings amongst its members. Therefore...
15 Jan, 2021