Nidhi Company is categorized under NBFCs (Non-Banking Financial Company ) and is licensed under section 406 of the Companies Act, 2013. A Nidhi Company works towards the objective of lending & borrowing money to its members. In addition to this, Nidhi Company also instills a sense of saving money and reserving funds into its members. The driving principle of such companies is mutual benefit and accumulating deposits. A Nidhi Company is always suffixed with the word ‘Limited’ which implies that it is a public company. Nidhi companies are also referred to as Permanent Fund, Benefit Funds, Mutual Benefit Funds, and Mutual Benefit Company. We offer hassle-free Nidhi Company Registration in India and you can feel free to contact us for more information.