Start your Nidhi Company registration in Hyderabad with Shop Legal. Nidhi Companies are empowered to borrow from their members and extend loans to them. Registering a Nidhi Company in Hyderabad is crucial due to the multitude of legal obligations it must adhere to. Functioning for the collective welfare of its members, a Nidhi Company is often referred to as a Mutual Benefit Society.

The net-owned fund ratio should not exceed 1:20. Several restrictions apply, such as the prohibition on opening current accounts with members, entering agreements, or soliciting deposits. A Nidhi Company with online Nidhi company registration in Hyderabad is mandated to file Forms NDH-1 and NDH-3, as prescribed by the Companies Act of 2013.

Compliance with Central Government requirements is essential, including the use of 'Nidhi' at the end of its name. Preference shares and debentures cannot be issued, and the company must maintain a minimum net owned fund of 10 lakhs. Additionally, advertising is prohibited for a Nidhi Company.