By its nature of the activity, Nidhi Company falls under the NBFC category but does not require approval from RBI. These companies obey Nidhi Laws, released in 2014 with respect to the company’s operation and function. RBI has exempted Nidhi Company from observing strict compliances, so you don’t have to be in a rush-n-hush as RBI won’t bother if you start a Nidhi Company in India.WHY... https://timebusinessnews.com/why-should-you-form-a-nidhi-company/