A mutual-benefit company for your members

Nidhi Company Registration

A Nidhi Company is a non-banking company formed under Section 406 of the Companies Act, 2013 to encourage thrift and savings among its members. It accepts deposits from and lends only to its members, and follows the Nidhi Rules, 2014.

  • Typically 20-25 working days
  • Expert CA/CS support
  • Registered under the Companies Act
  • Member-only deposits and loans
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  • Expert CA/CS handling
  • Real-time status updates
  • Document review included
  • Post-registration support

// Why choose this

Benefits

  • Separate legal entity with limited liability
  • Promotes savings among members
  • Lower compliance than an NBFC
  • No RBI licence needed for Nidhi business
  • Loans to members at agreed rates
  • Builds trust in the local community

// Step by step

How it works

  1. 01

    DSC & DIN

    Day 1-3

    Digital Signature Certificates and DIN for the directors

  2. 02

    Name approval

    Day 3-6

    Reserve a name ending with "Nidhi Limited" on the MCA portal

  3. 03

    MOA & AOA

    Day 6-9

    Draft the memorandum and articles as required for a Nidhi company

  4. 04

    SPICe+ filing

    Day 9-18

    File the incorporation forms with the MCA

  5. 05

    Certificate & next steps

    Day 18-25

    Receive the certificate, then apply for Nidhi declaration (NDH-4) as the rules require

Timelines are typical and depend on government processing.

// Keep these ready

Documents required

  • PAN and Aadhaar of all directors and members
  • Passport size photographs
  • Address proof of all directors
  • Registered office proof (rent agreement or ownership)
  • Utility bill of the registered office
  • NOC from the property owner

Upload them from your phone after you start. Your expert tells you if anything else is needed.

// Questions

Frequently asked questions

How many members and directors are needed?

A Nidhi company needs at least 7 members at incorporation and at least 3 directors.

Can a Nidhi company take deposits from the public?

No. It can accept deposits from and lend only to its own members.

Does a Nidhi company need RBI approval?

No RBI licence is needed, but the company must follow the Nidhi Rules, 2014 and apply to the Central Government for declaration as a Nidhi (Form NDH-4).

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