Nidhi Company registration is simple and less complexed as compared to other types of finance companies like NBFC which require RBI license to start.

A Nidhi Company can be started with a initial capital of Rs.5 lakh and require atleast seven people to start with. Nidhi Company registration also require three directors initially.

Every promoter or director shall need a copy of PAN card, ID proof and address proof to apply for Nidhi Company in India.

It takes around 15 to 20 days to SESSION Nidhi Company registered in India

Nidhi companies existed even prior to the existence of companies Act 2013.

The basic concept of nidhi is "Principle of Mutuality" These companies are more popular in South India, and 80% of Nidhi companies are located in Tamil Nadu.