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Nidhi Company Registration
A Nidhi Company is a specialized form of Non-Banking Financial Company (NBFC) in India, governed by Section 406 of the Companies Act, 2013 and the Nidhi Rules, 2014. Registered as a public limited company, its primary objective is to promote savings and mutual benefit among its members by accepting deposits and providing loans exclusively to them. Known for its trust-based, community-focused structure, a Nidhi Company offers a simple and reliable financial model. With expert guidance, fast processing, and affordable services, professional support ensures smooth Nidhi Company registration, full regulatory compliance, and end-to-end assistance from incorporation to post-registration operations.
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Nidhi Company Registration Fees
Nidhi Company registration fees generally depend on government charges, stamp duty, and professional service costs. At BizFormation India, we offer transparent and affordable pricing with no hidden charges. Our package includes documentation, filing, compliance guidance, and end-to-end support.
Start Your Nidhi Company Registration Today
If you want to launch a secure, community-focused financial institution, BizFormation India is your reliable partner for Nidhi Company registration in India. Our team ensures complete compliance with the Nidhi Company rules, helping you start operations smoothly and legally.
Contact us today and build a trustworthy financial entity that promotes savings and mutual benefits among members.
Why Choose BizFormation India
At BizFormation India, we bring years of expertise in financial entity registration, MCA compliance, and legal advisory. Here’s why we are trusted by entrepreneurs across India:
- Expert guidance on Nidhi Company formation
- End-to-end incorporation support
- Affordable registration packages
- Assistance with NDH filings and post-registration compliance
- 100% online, quick, and transparent process
- Experienced professionals for risk-free documentation
Nidhi Company Registration Process
If you want to know how to register a Nidhi Company in India, here is the detailed step-by-step process followed by BizFormation India:
1. Name Reservation (RUN Application)
We help secure a unique company name with the Ministry of Corporate Affairs, ensuring compliance with naming guidelines.
2. Digital Signatures (DSC)
All directors must obtain DSCs to digitally sign documents during the registration process.
3. DIN And Documentation
We obtain Director Identification Numbers (DIN) for directors and prepare necessary incorporation documents like MoA and AoA.
4. Filing Incorporation Forms
With all documents ready, we file the SPICe+ form for Nidhi Company incorporation through the MCA portal.
5. Certificate of Incorporation
Once approved, MCA issues the COI, confirming legal formation of your Nidhi Company.
6. Post-Incorporation Compliance
After incorporation, the company must:
Open a bank account
Appoint an auditor
Issue share certificates
Meet capital requirements
File NDH-1 return within 90 days
BizFormation India offers complete support in fulfilling these post-incorporation formalities.
Our Services
Professional Services
Calculate & Online Order For Company Registration
Request for Name Review And Company Object Drafting
Online Questionnaire & Document Submission
Online Questionnaire & Document Submission
What is Nidhi Company Registration
Nidhi Company Registration in India involves incorporating a public limited company under MCA (Ministry of Corporate Affairs) with the primary objective of developing the habit of savings among its members. It does not require RBI approval, making it easier and more economical to start compared to other NBFCs.
A Nidhi Company can:
- Accept deposits from members
- Offer loans at reasonable interest rates
- Encourage thrift and savings
- Operate as a safe, community-based financial organisation
This structure is ideal for small finance operations within groups, communities, and local networks.
Nidhi Company Requirements
To register a Nidhi Company, the following basic requirements must be fulfilled:
- Minimum Members: At least 7 members, including 3 directors
- Company Type: Must be registered as a public limited company
- Paid-Up Capital: Minimum ₹10 lakh
- Name Requirement: Must include the word “Nidhi Limited”
- Net Owned Funds (NOF): ₹10 lakh minimum before commencement
- Deposits Ratio: 1:20 for NOF vs. deposits
- No External Business: Cannot deal with outsiders, only members
BizFormation India ensures that all Nidhi Company rules and compliance guidelines are followed precisely during the incorporation.
Nidhi Company Membership Rules
A Nidhi Company can only conduct financial activities with its members. Key membership rules include:
- Minimum 200 members within one year of incorporation
- Only individuals (not companies or trusts) can become members
- Deposits and loans are restricted to members only
- Equal voting rights regardless of deposit amount
- Members must comply with Nidhi bylaws
Our experts help you structure proper membership guidelines for smooth functioning and compliance.
Nidhi Company Registration Online – Fast And Hassle-Free
BizFormation India simplifies the entire Nidhi Company registration online process through:
- Secure digital documentation
- Online filing of all MCA forms
- Expert support for drafting MoA and AoA
- Compliance monitoring
- Timely updates and follow-ups
Our goal is to make your registration quick, professional, and fully compliant with all Nidhi Company rules.
Requirements to Start a Private Limited Company
Minimum Two Person:
to act as the initial shareholder & director. The company can have up to 200 shareholders & 15 directors. The same person can become a director as well as shareholders.
Resident Director
One director of the company should be resident in India. A Person is known as a Resident Indian when he/she stays in India for over 120 days during the previous financial year. Citizenship is immaterial for this purpose.
Registered Address
For registration of the company, you need to submit the proof of Registered Office & NOC from the owner. You may register a company on a communication address in case of difficulty; however, within 60 days, the company must have its registered address.
Capital Requirement
Invest as per the business's requirement, & as such, there is no prescribed minimum or maximum capital. However, the ROC Fee and the Stamp Duty is calculated on the authorised capital and the location of the registered office of the company.
New & Unique Name
The name of the proposed new company must be unique and eligible, in view of name guidelines as prescribed under section 4 of the Companies Act, 2013. If you need help, please contact us, we would help in deciding name of your startup.
