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Nidhi Company Registration
Get Your Business Name Approved Easily

A Nidhi Company is a type of NBFC that promotes savings and thrift among its members. Registered under the Companies Act, 2013, it enables lending and borrowing within a closed group without RBI approval. With low capital requirements and simple compliance, it’s an ideal choice for small financial institutions.Register your Nidhi Company with Udyog Suvidha Kendra and get hassle-free support for documentation, incorporation, and compliance. Start your financial journey today!

Nidhi Company Registration

Benefits of Nidhi Company Registration

Encourages Savings Among Members: Promotes financial discipline and regular savings.

No RBI Approval Required: Simplifies registration with minimal regulations.

Limited Liability Protection : Protects members from personal financial risk.

Simple Compliance Requirements: Easy reporting and regulatory compliance process.

Low Capital Requirement: Start with just ₹5 lakh initial investment.

Exclusive Lending to Members: Ensures secure financial transactions within members.

We are India's fastest growing online business services platform dedicated to helping people to start and grow their business, at an affordable cost. Our aim is to help the entrepreneur with regulatory requirements, and offering support at every stage to ensure the business remains compliant and continually growing. We are Private Organization and providing services and assistance for Business Benefits who require consultation.

Nidhi Company Registration Application

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Process for Nidhi Company Registration
STEP 1
  • Fill the online application form with required details accurately.
  • Make secure payment via the online portal.
STEP 2
  • Get confirmation of form submission and payment receipt.
  • Get a follow-up call to discuss required documents and clarify any details.
STEP 3
  • Use the provided credentials to log in to the official registration portal.
  • Submit the filled application form along with required documents.
STEP 4
  • Application reviewed by authorities for verification and approval.
  • Resolution of Queries if any, Raised via Authorities.
STEP 5
  • Get official approval certificate upon successful verification.

What is a Nidhi Company?

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) formed to promote savings and financial stability among its members. Registered under Section 406 of the Companies Act, 2013, it operates on a mutual benefit model.

Key Features of Nidhi Companies

  • Member Exclusive: Only members can transact.
  • No RBI Approval: Operates under MCA.
  • Encourages Savings
  • Limited Liability
  • Low Capital Requirement

Why Choose a Nidhi Company?

  • Member-based transactions
  • Simple compliance
  • Secure lending model
  • Low risk operations

Eligibility Criteria for Nidhi Company Registration

Minimum 7 members, ₹5 lakh capital & Indian residency required.

1

Who Can Register?

  • Minimum 7 members
  • Indian residents
  • ₹5 lakh capital
2

Legal Conditions

  • 200 members in 1 year
  • 1:20 NOF ratio
  • No external lending

Document Required for Nidhi Company Registration

Documents for Directors & Shareholders
  • 1. PAN Card: Mandatory for all members
  • 2. Aadhaar / Voter ID: Identity proof
  • 3. Passport / Driving License: Additional ID
  • 4. Bank Statement / Utility Bill: Address proof
  • 5. Passport Size Photo: All directors
Documents for Registered Office
  • 1. Rental Agreement / Ownership Proof
  • 2. NOC from Owner: If rented
  • 3. Electricity / Utility Bill: Address proof
Company Incorporation Documents
  • 1. MOA: Defines company objectives
  • 2. AOA: Internal governance rules
  • 3. DIN: Director Identification Number
  • 4. DSC: Digital Signature Certificate

Step-by-Step Process for Nidhi Company Registration

1
Get a Digital Signature Certificate (DSC) and Director Identification Number (DIN)

All proposed directors must obtain a DSC to sign documents electronically and a DIN issued by the Ministry of Corporate Affairs (MCA).

2
Name Approval from MCA

Submit a name approval application to MCA using the RUN (Reserve Unique Name) service. The name must include "Nidhi Limited" and follow MCA naming guidel

3
Draft Memorandum of Association (MoA) and Articles of Association (AoA)

Prepare the MoA (defining company objectives) and AoA (outlining internal management rules) as per Nidhi Rules, 2014.

4
File SPICe+ Form for Incorporation

File the SPICe+ (INC-32) form with MCA, along with the MoA, AoA, PAN, TAN, and other required documents for incorporation.

5
Obtain a Certificate of Incorporation

Once approved, the MCA issues the Certificate of Incorporation (CoI), officially recognizing the company as a Nidhi Limited entity.

6
Apply for PAN and TAN

After incorporation, apply for the company's Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.

7
Open a Business Bank Account

Open a corporate bank account in the company's name to manage transactions, receive deposits, and carry out business operations legally:

Post-Registration Compliance for Nidhi Companies

1. Minimum Members Requirement (At Least 200 Members Within a Year)

A Nidhi Company is required to reach at least 200 members within the first year of incorporation. Failure to meet this requirement can result in compliance issues and regulatory action.

2. Maintaining Net Owned Funds (NOF) and Deposit Ratio Compliance

A Nidhi Company must maintain a 1:20 NOF-to-deposits ratio. Minimum NOF must be ₹10 lakh at all times.

3. Mandatory Annual Filings to MCA

NDH-1: Members & compliance details
NDH-3: Half-yearly deposits return
AOC-4: Financial statements
MGT-7: Annual return

4. Taxation and GST Compliance

Nidhi Companies must file annual ITR and comply with GST regulations wherever applicable.

Common Challenges in Nidhi Registration and How to Overcome Them

  • 1. Meeting Minimum Members

    Solution: Digital marketing & referrals

  • 2. NOF Ratio Maintenance

    Solution: Capital planning & tracking

  • 3. Restricted Activities

    Solution: Focus on member lending

  • 4. Complex Compliance

    Solution: Hire CA / CS professionals

  • 5. Limited Funding

    Solution: Encourage member investments

Why Choose Us for Nidhi Company Registration?

1
Expert Guidance

Complete documentation & compliance support

2
Fast Registration

Quick approvals & hassle-free process

3
Transparent Pricing

No hidden charges & affordable services

Nidhi Company Registration FAQ's

A Nidhi Company is a non-banking financial institution that promotes savings and lending among its members. It operates under MCA regulations and helps members access low-cost loans and secure savings.

Any Indian citizen above 18 years can register a Nidhi Company with at least 7 members and 3 directors. It is ideal for individuals who want to provide member-based financial services with minimal risk.

A Nidhi Company must have a minimum paid-up capital of ₹10 lakh. Additional funds may be required to maintain the 1:20 NOF-to-deposits ratio.

No, Nidhi Companies cannot accept deposits from non-members. Only registered members are allowed to deposit funds and avail loan services.

A Nidhi Company must maintain a 1:20 ratio of Net Owned Funds (NOF) to deposits.

No, Nidhi Companies are exempt from RBI approval but must comply with MCA and Nidhi Rules, 2014.

Registration usually takes 15–25 days depending on documentation and MCA approvals.

Yes, loans can be issued only to members against gold, property, or fixed deposits.

Financial transactions are GST-exempt, but taxable services may require GST registration.

NDH-1, NDH-3, AOC-4, and MGT-7 filings are mandatory every year.