A Nidhi Company, though registered under the Companies Act, 2013, is primarily regulated by the Ministry of Corporate Affairs (MCA) and exempt from core RBI regulations. It must comply with annual filing requirements, maintain proper financial records, and hold regular board and general meetings. The company is liable to pay income tax at the applicable rate and must comply with TDS, GST (if applicable), and other tax-related obligations. Adherence to Nidhi Rules, 2014 is mandatory, including restrictions on business activities, membership, and deposit-lending ratios.
Conclusion
Proper tax and regulatory compliance ensures the smooth functioning of a Nidhi Company while protecting member interests and legal standing. Timely filings and adherence to statutory norms strengthen its credibility and promote sustainable operations.