A Nidhi company is a type of non-banking financial company (NBFC) in India that is specifically organized for the purpose of cultivating the habit of thrift and savings among its members, and receiving deposits from, and lending to, its members only. The rules and regulations for Nidhi companies are prescribed under the Companies Act, 2013 and the Nidhi Rules, 2014. Some of the key rules for Nidhi companies are as follows: Incorporation: A Nidhi company must be incorporated as a public company and must contain the word "Nidhi" in its name. Share capital: The minimum share capital for a Nidhi company is Rs. 5 lakh, with a minimum paid-up capital of Rs. 1 lakh. Membership: A Nidhi company can have only individual members and cannot accept deposits from or lend to non-members. Deposits: A Nidhi company can accept deposits from its members only, and the maximum deposit that can be accepted from a single member is restricted to 20% of the member's net worth as per the last a...