Nidhi Companies are registered under the Indian Companies Act of 2013 as Non-Banking Financial Companies (NBFC). The main business activity of the company is limited to its members only and it takes deposits from the members to create a pool of investments. As the company is considered as NBFC thus it does not come under direct RBI’s directions. The procedure of Nidhi Company registration is quite simple and it would not take long processing time.
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