A Nidhi Company is a company, which is a non- banking financial sector and it comes under the Companies Act, 2013. This company is formed with a motto to lend and borrow money within its members and it is very easy to form as a company. It requires at least 200 members in a year to get its Nidhi Company status. Their mode of operation is through its members only. It is the easy form of business. Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA). They are also known as Benefit Fund, Permanent Fund etc.