A nidhi company, is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. The company needs to have a minimum of 7 Member. Out of these, there need to be a minimum of 3 directors. And Each Member has following Documents Required.
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