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Nidhi Company

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Nidhi Company

Empower Communities with Smart Financial Growth

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) recognized under Section 406 of the Companies Act, 2013 and governed by Nidhi Rules, 2014. Its primary objective is to cultivate the habit of savings among its members and provide secured lending/borrowing services within the group.

Unlike other NBFCs, a Nidhi Company deals only with its members and is highly suitable for small lending businesses, mutual benefit societies, and community-focused financial initiatives.

Key Features of a Nidhi Company

  • Minimum 7 members and 3 directors required to start.

  • No external involvement – Deals only with its registered members.

  • Minimum Paid-up Capital – ₹5 lakh at incorporation.

  • Separate Legal Entity with perpetual succession.

  • No RBI Approval Required – Governed directly by MCA.

  • Low Risk – Focused on savings and secured loans.

Benefits of Registering a Nidhi Company

  1. Encourages Savings – Promotes financial discipline among members.

  2. Easy Lending – Provides secured loans to members at lower interest rates.

  3. Limited Liability Protection – Members’ liability restricted to shareholding.

  4. Cost-Effective Setup – Requires lesser compliance compared to NBFCs.

  5. Community Support Model – Ensures funds circulate within members.

Nidhi Company Registration Process

At India Tax Filing, we make the incorporation smooth and simple:

Step 1: Obtain Digital Signature Certificates (DSC) and DIN for all directors.
Step 2: Reserve a unique Company Name with MCA.
Step 3: Draft and file MoA & AoA with the Registrar of Companies (ROC).
Step 4: Apply for Certificate of Incorporation (CoI).
Step 5: Apply for PAN & TAN of the company.
Step 6: Within 1 year – ensure compliance of minimum 200 members, net owned funds of ₹10 lakh, and unencumbered deposits of 10%.

Documents Required

  • PAN & Aadhaar of Directors and Members

  • Passport-size Photographs

  • Proof of Registered Office (Rent Agreement/Utility Bill + NOC)

  • Address Proof of Members (Bank Statement/Utility Bill)

  • Draft MoA & AoA

Our Role in Nidhi Company Formation

We provide end-to-end assistance in setting up your Nidhi Company, including legal drafting, ROC filings, MoA/AoA preparation, and post-registration compliance. Our team ensures your company stays compliant with Nidhi Rules, 2014, enabling you to focus on serving your members.

Why Choose Us?

  • ✅ Expert Guidance – Experienced in financial company registrations.

  • ✅ Hassle-Free Process – Quick and seamless incorporation.

  • ✅ Compliance Support – Assistance with yearly filings & statutory norms.

  • ✅ Affordable Pricing – Transparent packages with no hidden charges.

  • ✅ Trusted Service – Hundreds of satisfied businesses nationwide.