Register a Nidhi Company to encourage savings and provide credit facilities to members. A mutual benefit finance company operating within its member group.
Min. 7 Members (200 within 1 year)
Must reach 200 members in first year
Min. ₹10 Lakh Paid-up Capital
Unencumbered deposits requirement
Governed by Companies Act 2013 & Nidhi Rules 2014
MCA regulated entity
Members-Only Operations
Can only lend/accept deposits from members
Starting at just
₹9,999 + Govt. Fees
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that cultivates the habit of saving and thrift among its members. It works on the principle of mutual benefit - accepting deposits from and lending only to its own members.
Nidhi Companies are governed by the Companies Act, 2013 and the Nidhi Rules, 2014. Unlike other NBFCs, Nidhi Companies do not require RBI approval or registration, making them easier to operate. They must use "Nidhi Limited" as a suffix in their name.
A Nidhi Company must have at least 7 members at incorporation and must grow to 200 members within the first year of operations. The net owned funds must be ₹10 lakh, and unencumbered deposits must be at least 10% of outstanding deposits at all times.
Encourages savings culture among members of the community
Members can access credit at lower interest rates than banks
No RBI registration needed - only Nidhi Rules 2014 apply
Builds a common pool for the benefit of all members
Nidhi Companies instill financial discipline and savings habits in their member community through regular deposits and thrift schemes.
Members can avail loans at lower interest rates compared to banks, with simpler documentation and faster processing.
Unlike other NBFCs, Nidhi Companies are exempt from RBI registration. They are regulated only under the Nidhi Rules, 2014 - much simpler.
Member-driven management ensures transparency and democratic control over the company's operations and policies.
Nidhi Companies enjoy certain tax exemptions on income generated from their mutual benefit operations for member welfare activities.
Creates a collective pool of resources that strengthens the financial position of the entire member community over time.
Reserve name with "Nidhi Limited" suffix on MCA portal
Obtain Digital Signature and Director Identification Numbers
Draft Memorandum and Articles per Nidhi Rules 2014
Submit incorporation form with all documents on MCA portal
Certificate of Incorporation issued with PAN and TAN
File NDH-4 form and achieve 200-member requirement
Get complete Nidhi Company registration support from our expert CA team - name approval, MOA/AOA drafting, MCA filing, and Nidhi Rules compliance.
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