Nidhi Companies specialize in promoting thrift and savings among members through exclusive deposit acceptance and loan provision to shareholders. Unlike NBFCs, Nidhi Company can only transact with shareholders' funds. Their names must end with "Nidhi Limited," with a mandatory minimum equity share capital of Rs. 5 lakh. Enjoying exemption from core RBI regulations, they operate under the Nidhi Rules, 2014, in compliance with Section 406 of the Companies Act, 2013, as declared by the Central Government.https://structuredbiiz.com/nid....hi-limited-company-g
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