SSU Future Nidhi is a type of Non – Banking Financial Company. It is formed to borrow and lend money to its members. It inculcates the habit of saving among its members and works on the principle of mutual benefit. “Nidhi” Company is a company registered under the Companies Act, 2013 which has a sole objective of cultivating the habits of thrift and savings amongst its members. This company is recognized under Section 406 of the Companies Act, 2013. Nidhi companies are allowed to take deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only form its members (shareholders) and used only by the shareholders of the Nidhi Company. NBFCs are wholly or partially regulated by the RBI. Nidhis are one such class of NFBCs that is only partially regulated by the RBI...