Nidhi Company Registration

Start your own NBFC-like company focused on savings & loans for members. Register your Nidhi Company with expert guidance and full compliance support from Corporate Analytica.



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Submit Details

Fill in your business & info

Step 2

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Process Completed

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Documents & Filing | Compliance Support | 5-Day Approval | 48-Hour Renewal | Free Consultation


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Everything You Need to Know

Overview of Nidhi Company Registration

A Nidhi Company is a type of NBFC recognized under Section 406 of the Companies Act, 2013, formed with the purpose of promoting savings and providing loans among its members. It is ideal for those looking to start a micro-finance-like business within a community. At Corporate Analytica, we ensure a smooth, end-to-end registration and compliance process.

Advantages of Nidhi Company

  • No RBI approval required to start lending & borrowing
  • Low risk and trusted model for savings & credit
  • Encourages habit of saving among members
  • Minimal external regulation; governed by MCA
  • Cost-effective formation & operation structure

Eligibility Criteria

  • Minimum 7 shareholders and 3 directors
  • All members must be individuals (no companies)
  • Minimum paid-up capital of ₹5 lakhs
  • Company must add at least 200 members within 1 year
  • No preference shares allowed as per norms

Documents Required

  • PAN Card and Aadhaar Card of all Directors
  • Address Proof (Bank Statement, Utility Bill, etc.)
  • Passport-size Photographs of Directors
  • Proof of Registered Office (Rent Agreement or Sale Deed)
  • No Objection Certificate (NOC) from the property owner

Nidhi Company Registration Process

  1. Step 1: Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for all proposed Directors.
  2. Step 2: Apply for name approval of the Nidhi Company through the RUN (Reserve Unique Name) service on the MCA portal.
  3. Step 3: Draft the Memorandum of Association (MOA) and Articles of Association (AOA) as per Nidhi Company requirements.
  4. Step 4: File the SPICe+ (INC-32) form along with MOA, AOA, and other required documents with the Registrar of Companies (RoC).
  5. Step 5: Obtain the Certificate of Incorporation (COI) from RoC once verification is complete.
  6. Step 6: Apply for PAN and TAN for the company.
  7. Step 7: Within one year of incorporation, ensure compliance by having at least 200 members and a minimum paid-up equity share capital of ₹10 lakhs.

Why Choose Corporate Analytica?

  • Fast and hassle-free business registration process
  • xperienced team of Chartered Accountants, Company Secretaries, and Legal Advisors
  • ailor-made packages for GST, MSME, FSSAI, and other registrations
  • Comprehensive support for complete business setup
  • End-to-end documentation, compliance, and follow-up assistance
  • Trusted by startups, SMEs, and enterprises across industries

Post-Registration Compliance

  • File statutory returns and annual filings with MCA
  • Maintain minimum 200 members within 1 year
  • Maintain Net Owned Funds (NOF) of ₹10 lakh or more
  • Ensure ratio of Net Owned Fund to Deposits is not more than 1:20
  • Conduct regular Board Meetings and keep statutory records

Penalty for Non-Compliance

  • Failure to follow rules may lead to fines.
  • Missing renewal deadlines can attract penalties.
  • Providing false information may invite legal action.
  • Serious violations can even cause project shutdown.

Frequently Asked Questions (Nidhi Company)

Q1. What is the minimum requirement to start a Nidhi Company?

You need at least 7 members, 3 directors, and a minimum paid-up share capital of ₹10 lakhs.

Q2. Do I need RBI approval to register a Nidhi Company?

No, RBI approval is not required. Nidhi Companies are governed by the Ministry of Corporate Affairs (MCA).

Q3. Can a Nidhi Company accept deposits from the public?

No, deposits can only be accepted from registered members of the company, not the general public.

Q4. What are the benefits of forming a Nidhi Company?

Benefits include low setup cost, exemption from RBI compliance, credibility in financial activities, easy loan access for members, and promotion of savings habits.

Q5. Can a Nidhi Company open branches?

Yes, after three consecutive years of profitability, up to 3 branches can be opened within a district. For more branches or outside the district, approval from the Regional Director is needed.

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