Nidhi Company Registration

Form a community savings and lending company regulated by MCA (not RBI)

Validity: Perpetual (subject to annual NDH-3 filings and MCA compliances)Handled by verified compliance experts. 100% online process.

What is Nidhi Company Registration?

Register a Nidhi Company — a type of NBFC exempt from most RBI regulations — for community-based savings and credit operations. Governed by the Nidhi Rules 2014 under the Companies Act 2013.

A Nidhi Company is classified as an NBFC but is exempt from most RBI regulations applicable to regular NBFCs — because it deals exclusively with its members. The Nidhi Rules 2014 govern its operation. A Nidhi must achieve 200 members and ₹10 lakh net owned funds within one year of incorporation.

Who Needs Nidhi Company Registration?

Entrepreneurs in Tier-2 and Tier-3 cities, community leaders, and financial professionals who want to serve a defined community's savings and credit needs in a regulated, RBI-lite structure. Nidhi Companies are especially popular in Tamil Nadu, Andhra Pradesh, and Karnataka.

What's Included

Company incorporation with "Nidhi Limited" name suffix
Minimum 7 shareholders and 3 directors
MoA and AoA customised for Nidhi operations
NDH-1 annual return filing support
Member onboarding checklist
Post-incorporation compliance guidance

⚠️ Penalty for Non-Compliance

Failure to achieve 200 members and ₹10 lakh net owned funds within one year attracts action from the MCA, including restrictions on accepting deposits.

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How It Works

1
Name Reservation
The name must end with 'Nidhi Limited'. We reserve this via RUN on MCA.
2
Incorporation
Minimum 7 shareholders and 3 directors are required. Paid-up capital of at least ₹5 lakh is needed at incorporation.
3
Member Onboarding
Post-incorporation, you must onboard at least 200 members within 12 months. We provide a checklist for eligible membership criteria.
4
NDH-1 Filing
Form NDH-1 (return of statutory compliances for Nidhi Companies) is filed annually with the MCA confirming compliance with Nidhi Rules.

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Documents Required

Items marked Required are mandatory; others are situational.

Director Documents

PAN Card of each director (min. 3 required)Required
Minimum 3 directors is a statutory requirement for Nidhi companies
Aadhaar Card of each directorRequired
For address verification
Passport-size photographsRequired
2 copies per director

Company Details

Proposed company nameRequired
Must end with Nidhi Limited as per MCA rules
Authorized capital (min. Rs 5 lakh)Required
Statutory minimum for Nidhi companies
Details of at least 7 founder membersRequired
Nidhi must have minimum 7 members at incorporation

Registered Office Proof

Latest utility billRequired
Not older than 2 months
NOC from property ownerRequired
On plain paper, signed by owner

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Fees & Pricing

Government Fees

DIN for each director

Rs 500 per director

500

Name reservation (RUN)

One-time fee

1,000

SPICe+ e-form filing

NIL for standard capital

Free

Stamp duty on MOA/AOA

Varies by state

Varies

Professional Fees

Nidhi Company incorporation package

Includes SPICe+, NDH-1 filing, MOA/AOA, compliance calendar setup

Varies

Total (approx.)1,500

* Government fees may vary. GST applicable on professional fees. Final pricing confirmed after review.

Frequently Asked Questions

Can a Nidhi Company lend to non-members?

No. A Nidhi Company can only accept deposits from and lend to its members. Lending to outsiders is prohibited and attracts severe penalties.

What are the minimum requirements for a Nidhi Company?

At incorporation: 7 shareholders, 3 directors, ₹5 lakh paid-up capital. Within 1 year: 200 members, ₹10 lakh net owned funds, ratio of net owned funds to deposits not exceeding 1:20.

Does a Nidhi Company need RBI approval?

No. Nidhi Companies are regulated by the MCA (Ministry of Corporate Affairs), not the RBI — which makes them easier to set up than other NBFCs.

What interest rates can a Nidhi Company charge or offer?

Interest on deposits cannot exceed 2% above the highest bank FD rate. Lending rates cannot exceed 7.5% above the deposit rate. The spread is capped by Nidhi Rules.