Nidhi companies in India provide the easiest and most effective solutions for investment and savings with wide scope and potential for monetary growth.

1. NIDHI Companies In India

2. Concept of Nidhi Company
Nidhi Companies in India were created for cultivating the habit of small
savings targeted for the lower and middle class. Its investment structure
consists of realigning funds within a growing group of members who
benefit from returns at fixed durations.

3. Advantages Of Nidhi Company
• Promotes savings among middle and lower middle class
• Accepts term deposits
• Easy source of loan to members
• Loans with minimum documentation
• Secured means of investment

4. Important Points to Consider while Registering a Nidhi Company
• Nidhi company must have unencumbered term deposits of not less than
10% of the outstanding deposits
• Nidhi must have net owned funds of Rs.10 lakh or more
• Minimum 7 Shareholders and 3 directors are required to incorporate a
Nidhi Company
• Nidhis can issue only rights shares

5. Important Points to Consider while Registering a Nidhi Company
• Nidhi members should not exercise above 10% of the total voting rights
• Membership should feature a minimum of 200 shareholders
• Investments for minors can be done when the legal guardian is a
member of the Nidhi
• Nidhi Company shall issue equity shares of a minimum value of Rs10
• Nidhi Company should not be allowed to issue any new preference
shares at any time

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