Q. What are Nidhi Company rules? Is there any RBI Guideline for Nidhi Company in India?

Nidhi Company is the type of Non-Banking Financial Company (NBFC) which has been exempted from the Reserve Bank of India (RBI) provisions, and hence no RBI guideline is applicable to the Nidhi Company. Further, Nidhi Companies are governed by the Nidhi Rules, 2014.