| Particulars | Nidhi Company | NBFC (RBI Registered) | NBFC (RBI Registered) |
|---|---|---|---|
| Governing Law | Companies Act, 2013 & Nidhi Rules, 2014 | RBI Act, 1934 | State Co-operative Act |
| Regulatory Authority | MCA | RBI | Registrar of Societies |
| Membership | Only members | Public at large | Members |
| Deposit Acceptance | From members only | From public | From members |
| Loans | To members only | To public | To members |
| Liability | Limited | Limited | Unlimited (varies) |
| Compliance | Moderate | High | Moderate |
| Audit Requirement | Mandatory | Mandatory | Mandatory |
| Perpetual Succession | Yes | Yes | Yes |
| Best Suited For | Community savings & lending | Large financial institutions | Local cooperatives |
A Nidhi Company is a mutual-benefit financial institution that promotes savings and lends only to its members, regulated by MCA under Nidhi Rules, 2014.
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