Nidhi Company Registration helps people to come together and they put their savings at an institute and help them for need as loan. Nidhi Company Registration is done under the Companies Act 2013.It shall not issue preference shares.
A Nidhi Company in India shall be a public company and it has a minimum paid up of Five Lakh Rupees. That kind of financial institute needs at least 200 people. It has a net owned fund of at least ten lakhs.