A Nidhi company\u2002is formed with the objective of fostering the habit of savings and loaning amongst its members. Although the above structure is most preferred one among the financial activities\u2002start-ups at the same time a good number of them become Dormant companies due to compliances, financial constraints, business stalemate or regulatory roadblocks. A Nidhi Company cannot be wound\u2002up. For now, let us keep in mind that a company is under the process of being strike off or liquidated that the annual requirements, penalties and regulatory obligations should\u2002be complied with as inclusion in the Companies Act, 2013. Therefore, promoters should avail\/Nidhi Company get the\u2002appropriate services from the Ministry of Corporate Affairs so as to avoid any future liabilities and legal hassles. So in\u2002this post we will discuss the procedure, documents, timelines, compliances and other major aspects for closing a Nidhi Company in India.<\/p>\n\n\n\n