Nidhi Company is a form of company meant for habit of saving fund between the member of the company. It has been derived from Hindi word Nidhi which means “fund”. Nidhi companies are type of companies registered under Companies Act, 2013.It is a Company consist of investment structure and realignment of funds within a growing group of the member who benefits from the returns at fixed duration.
Features of a Nidhi company
Company’s work is to borrow and lend money. This can only be done between members.
Deals are restricted between the members and membership is limited to individuals.
The loan can be approved and deposits can be accepted between its members.
Entry can into any partnership arrangement in it’s borrowing and lending activities.
Companies do not require to conduct any activities related to chit funds, leasing, hire purchase.
The company is are highly localized and mostly single office institution.
Benefits of Nidhi Company
It is the cheapest and easiest form of NBFC and can be easily formed in Delhi.
It is a Secured means of investment.
Lower and middle-class savings are popularly promoted in Delhi.
External involvement or accept deposits are not required in Delhi.
Requirements to form a Nidhi Company in Delhi
DSC-Digital Signature Certificate of all the Directors.
DIN-Director identification Number of all the Directors.
Copy of a PAN card
Copy of Id Proof(Aadhar Card, DL, Passport, Voter id)