Company Formation Simplified

About Nidhi Company Registration

Nidhi Company Registration in India

A Nidhi Company is a type of non-banking financial company (NBFC) formed to promote savings and investment among its members. The objective is to mobilize savings and provide credit to its members at reasonable interest rates. Nidhi Companies are regulated by the Reserve Bank of India (RBI) and governed by the Ministry of Corporate Affairs (MCA). They operate within a district and cannot raise funds from the public or issue debt instruments. The primary focus is mutual benefit and not profit-making.

Types of Nidhi Company Registration in India

Public Limited Nidhi Company

Requires at least 7 members, 3 directors, and a minimum paid-up capital of Rs. 5 lakhs. It should have at least 200 shareholders, Rs. 10 lakhs net owned funds, and unencumbered deposits of at least 10% of outstanding deposits.

Private Limited Nidhi Company

Requires at least 2 members, 2 directors, and a minimum paid-up capital of Rs. 5 lakhs. It should have at least 200 shareholders, Rs. 10 lakhs net owned funds, and unencumbered deposits of at least 10% of outstanding deposits. The maximum number of members is limited to 200.

Check List

Minimum 7 members to form the company.

Minimum paid-up capital of Rs. 5 lakhs.

Net owned funds of Rs. 10 lakhs.

The name must include 'Nidhi Limited' as a suffix.

Objective: Cultivate thrift and savings among members, and lend/borrow funds.

Company must be registered as a public limited company with the MCA under the Companies Act, 2013.

At least 3 directors, and 1/3rd must be independent directors.

Required Documents

Documents needed for company registration

For Director/Shareholders

Self-attested Pan card

Self-attested Voter ID, Driving license, or Passport

Self-attested Bank statement or electricity/telephone/mobile bill

Recent passport-size photo

For Registered Address of Company

If the premise is rented/leased

Copy of the Electricity bill of the owner

Rent or lease agreement

NOC from the owner of the property

If the premise is Owned

Copy of the Electricity bill of the owner

NOC from the owner of the property

Registration Process

Simple steps to register your Private Limited Company

Name Reservation

Procurement of Digital Signatures

Preparation of Incorporation Documents

Drafting of MOA/AOA

Filing of Incorporation Documents with MCA

Filing of Registered Office

Obtaining License from RBI

Filing of Commencement of Business after Incorporation

Issue of Share Certificate to Shareholders

Why Us?

Here’s why you should choose us!

Two Class 3 Digital Signatures

2 Director Identification Numbers

Company Name Approval

MOA/AOA

Certificate of Incorporation

Company PAN & TAN

Company PF/ESI Number

Company Shop and Establishment Registration

Incorporation Kit

Hard-copy Share Certificates

Commencement of Business Certificate

Bank Account Opening Document

Document Formats

First Auditor Appointment

Additional Benefits

Here’s why you should choose us!

Bank Account Opening

Free Domain

Free Website up to 5 pages

Listing on Social Media Platforms

Listing on Google My Business for Nearby Businesses

Razorpay/Payu Money Payment Gateway for Online Payments

Advantages

Here’s why you should choose us!

Easy to form: Simple regulatory compliance process, making it ideal for small business owners.

Limited liability: Shareholders' liability is limited to their shareholding, ensuring personal assets are protected.

Raising funds: Nidhi companies can raise funds from members through fixed deposits and offering loans.

Encourages savings: Promotes thrift and savings among members, fostering a culture of saving.

Low cost of borrowing: Offers loans at lower interest rates compared to commercial banks.

No external borrowing: Nidhi companies cannot borrow from external sources, ensuring they maintain a healthy financial position.

Exemption from certain regulations: Nidhi companies are exempted from regulations that apply to other NBFCs, such as the RBI license requirement for accepting deposits.