Nidhi Company
NIDHI (National Initiative for Developing and Harnessing Innovations) Company is a financial institution or a type of NBFC that is involved in depositing and lending money to its members. NIDHI Company is registered under the Companies Act, 2013, and is managed, as per the RBI’s guidelines. All the transactions are performed by the company’s members only. Since all the transactions are focused on the shareholders of the Nidhi Company, RBI has exempted the notified NIDHI companies from the core acts of RBI. This differentiates Nidhi companies from other NBFCs. NIDHI companies were started by the Ministry of Corporate Affairs (MCA) and are affiliated with the same. However, some of their decisions are controlled by the MCA.

Documents Required
Given below is a list of documents one requires for Nidhi company registration:

Passport-sized photographs
No Objection Certificate (NOC) (signed by the landlord/owner)
Digital Signature (DSC)
Director Identification Number (DIN) of directors
Memorandum of Association of the company (MoA)
Articles of Association of the company (AoA)
PAN card: This is necessary for the filing of the financial transactions made by the company. PAN card is also necessary for the taxation process of the company
Address Proof: Bank Statement, Driving License, Residence Card or any other Government issued identity proof having the address
Residential Proof: Mobile Bill, Telephone Bill, Electricity Bill and Bank Statemen