A Nidhi Company, also known as a Mutual Benefit Society, is a type of Non-Banking Financial Company (NBFC) recognized under Section 406 of the Companies Act, 2013, primarily established to promote the habit of thrift and savings among its members. These companies operate on the principles of mutual benefit, financial assistance, and member-centric services.

To ensure smooth functioning and legal adherence, Nidhi Companies must comply with various statutory and regulatory requirements prescribed by the Ministry of Corporate Affairs (MCA), Reserve Bank of India (RBI), and the Companies Act, 2013. The key compliance obligations include:

Adhering to these compliance requirements helps Nidhi Companies operate transparently, avoid penalties, and build trust among members. Non-compliance can lead to penalties, suspension of business, or even deregistration. Proper compliance also ensures the company’s long-term sustainability and growth.