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Nidhi company is a company registered under Companies Act and notified as a nidhi company by Central Government under Section 620-A of Companies Act. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders.

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Is it mandatory to have the word “Nidhi” in the company name?

Yes, as per the rules, it is mandatory for a Nidhi company to have the word “Nidhi” as part of its name.


Is Nidhi Company treted as Cheeting Company?

Any company are not a cheeting company including nidhi company. But any company can cheet with people.


Nidhi Company Registration?

Get your Nidhi Company registered in India quickly and effortlessly @19999 by partnering with India's leading Nidhi Company Registration service provider. Our team of experts will assist you every step of the way.


How a nidhi company is formed in west Bengal?

A Nidhi company is formed in West Bengal easily. The company just needs to apply for a permit with the local authorities to get the company established and set up properly.


How do you incorporate a nidhi company?

By filing form 2 and form 63.


How do you registerd a nidhi company under section 620-A of companies act?

In order to register as a nidhi company in India under section 620-A of companies act, you will have to apply at the Ministry of Corporate Affairs headquarters.


What are the key compliance requirements for a Nidhi Company in India?

A Nidhi Company is a type of non-banking financial company (NBFC) that primarily focuses on borrowing and lending money between its members. It operates under the provisions of the Companies Act, 2013, and the Nidhi Rules, 2014. To ensure smooth functioning, a Nidhi Company must adhere to certain compliance requirements. First, a Nidhi Company must be incorporated as a public limited company with a minimum of seven members and three directors. It is crucial to maintain a minimum net owned funds (NOF) of ₹10 lakh, as specified under the Nidhi Rules. Regular filings with the Registrar of Companies (RoC) are mandatory, such as annual financial statements (Form AOC-4) and annual return (Form MGT-7). A Nidhi Company must also submit a statement of its members (Form NDH-1) every six months, ensuring its compliance with the statutory requirements. Moreover, the company must conduct a general meeting once a year to present its accounts and operations. A key compliance requirement is the restriction on the number of members. A Nidhi Company cannot accept deposits from the public or conduct any activities other than those permitted under the Nidhi Rules. Failure to comply with these regulations can lead to penalties or the cancellation of its license.


How a Nidhi company is formed in India?

Nidhi Companies are Companies notified by the Central Government as such under Section 620A of the Companies Act, 1956.These Companies mainly engage in the business of collecting deposits in the form of Savings Deposit, Recurring Deposit etc.... and also lend to the same to the members of the Company. One of the important feature of a nidhi Company is that it deals only with members (share holders). Thus if you want to deposit any amount in a nidhi Company or want to avail a loan from a Nidhi Company, first you have to become a member by subscribing to shares of the Company.Moreoover, Nidhi Companies can open SB Accounts for its members. Moreover, there are certain restrictions like a Director can hold office for a contimuos period of 10 years only and an Auditor for a period of 5 years.Warm RegardsBirendra Banka9661805650


What is difference nidhi company and chitti?

I know Nidhi company ,its under ROC, recognize by RBI with special notification .......... normally ROC of any state give permission to work on same ........... I don't know that what is chitti , If i am not wrong ,you are asking for Chit funds company..................... then reply me .........


Nidhi Rao?

Nidhi Rao


When was Bimalendra Nidhi born?

Nidhi Buley was born in 1986.


What is the meaning of name nidhi?

nidhi means money