Nidhi Company
🌟 Secure Savings. Strengthen Communities.
A Nidhi Company is a type of Non-Banking Financial Company (NBFC), formed with the objective of cultivating the habit of thrift and savings among its members. Registered under Section 406 of the Companies Act, 2013 and governed by the Nidhi Rules, 2014, these companies are allowed to take deposits and lend money only to their members.
✅ Why Register a Nidhi Company?
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💼 Simple Structure: Easy to form and manage with basic compliance requirements.
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👥 Member-Centric: Only members can deposit or borrow, ensuring trust and safety.
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🏦 Promotes Savings: Encourages disciplined saving habits among communities.
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💰 No RBI Approval Required: Though it’s an NBFC, it’s exempt from RBI regulations for core activities.
📝 Basic Requirements
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Requirement
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Details
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Minimum Members
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7 (with at least 3 Directors)
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Capital Requirement
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₹10 Lakhs (Authorized Capital)
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Company Type
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Public Limited Company
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Unique Name
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Must end with “Nidhi Limited”
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📌 Documents Required
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For Directors/Shareholders:
- • PAN Card
- • Aadhaar Card / Voter ID / Passport
- • Passport-size photograph
- • Address proof (Utility bill, bank statement)
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For Company:
- • Proof of registered office (rent agreement or ownership deed)
- • NOC from property owner
- • MOA & AOA (Memorandum & Articles of Association)
🔄 Step-by-Step Registration Process
Digital Signature (DSC) Creation
For all directors and shareholders.
Director Identification Number (DIN)
DIN application via SPICe+ form.
Name Approval
Choose a unique name using the RUN (Reserve Unique Name) facility.
Filing SPICe+ Form
Complete company incorporation with details, documents, and capital structure.
PAN & TAN Generation
Auto-generated upon approval.
Certificate of Incorporation
Issued by MCA once approved.
Apply for Nidhi Status
Within 1 year, submit NDH-1 form with 200 members, ₹10L net owned funds, and NDH-2 (if seeking extension).
📜 Post-Incorporation Compliances
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Minimum 200 members within 12 months
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Net Owned Funds (NOF) of at least ₹10 lakhs
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Maintain a ratio of 1:20 for NOF to deposits
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Filing of NDH-1, NDH-2, and NDH-3 forms with ROC
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Mandatory adherence to Nidhi Rules, 2014
💼 Our Services Include
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Company name search & reservation
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DSC & DIN registration
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Drafting of MOA/AOA
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Filing of SPICe+ and related forms
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PAN, TAN, and COI generation
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Nidhi status support and compliance guidance
📣 Start Your Own Nidhi Company Today!
Want to empower your community through a cooperative savings model?
Let us help you simplify the registration process.
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