Nidhi Company Registration

“Nidhi” ideally stands for a Hindi word that precisely elucidates finance or fund. Nidhi Company discerns a company that has been integrated with the objective of burgeoning the habit of thrift and reserve funds amongst its members and also procuring deposits and lending to its members exclusively for their mutual benefit.

Nidhi Company registration requires a nominal number of 3 members. All the Nidhi Company’s integrated have the last word as “Nidhi Limited” as a part of its name mandatorily. Nidhi Company is streamlined and reasonable to register.

Nidhi Company has a minimal requirement of 3 members. It does not issue any preference share. In case the preference share has already been issued by a Nidhi Company before the commencement of this act, then such preference shares are to be retrieve in accordance with the terms of issue of such shares.