A Nidhi Company has to satisfy certain criteria as provided by MCA to open branches which are as Follows:-
- (i) Nidhi Company may open up to three branches within a revenue district if it has earned a profit for last three continuous years;
- (ii)Nidhi Company may open beyond three branches outside the revenue district subject to above condition and prior permission of MCA; and
- (iii)Nidhi Company can’t open branches or collection centres or offices or deposit centres, by whatever name called, outside the state of its Registered Office.