For Free Consultation, Please contact us at +91 8000028250

Nidhi Company Registration

Starting at just Rs. 14,000/- (all inclusive)

(Takes 20-25 days)

Nidhi Company

A Nidhi Company is a kind of Non-Banking Financial Company (NBFC). Nidhi Companies are formed to borrow and lend money to its members. It is dependent on the principle of mutual benefit and instils the habit of saving among its members.

These companies are more operative in the southern part of India. Nidhi Companies do not need to register for a license from Reserve Bank of India (RBI). However, they have to be registered as a public company and their names should end with ‘Nidhi Limited’. Legalsahayata can help you with company registration across India at a very affordable price point.

Benefits of Nidhi Company Registration

  • Better Option than Credit Co-operative

    Nidhi company is most preferred by the small financer as this is a close substitute of credit co-operative society. After you register Nidhi company you have all other benefits of credit co-operative society as well double deposit advantages.

  • Easy Access of Public fund

    The members of the Nidhi company can borrow money at a cheaper rate from its own Company as compared to the borrowings from banks and other NBFCs. Moreover, they have access to quick lending procedures and customized services.

  • Better Saving Option

    One of the objectives of Nidhi company registration is to encourage saving among the members of the Company and thus to achieve the goal of mutual benefit. The Nidhi Companies lend and borrow money to and from its members only.

  • Easy processing

    Borrowing and lending to known persons i.e., its members, where the procedure is fixe is much less complicated than dealing with banks. A Nidhi Company registration allows its members to expose the potential of their money and gain a lower interest rate when they need to cash themselves.

  • Limited Regulations

    Nidhi companies follow the Nidhi Rules, 2014 issued by the Central Government in respect of its activities and working. Regulations imposed on Nidhi by Reserve Bank of India are limited.

  • Low Capital Requirement

    Ministry of Corporate Affairs mandates the minimum capital requirement of INR 5 Lakhs for Nidhi. However, within one year, the capital shall be increased to at least INR10 lacs. Easy Registration Process

It is straightforward to register Nidhi company. Nidhi Companies are not required to obtain a license from RBI. Nidhi companies have to incorporate themselves as a public company with the Ministry of Corporate Affairs.

What Is Included In Our Package?

Documents required for registration

Nidhi company Registration is completely Online Process. Following are the mandatory self-certified documents for the registration purpose:
You just need to scan and send to our email id at
A) From Directors & Shareholders
1. Pan Card
2. Election Id Card or Passport
3. Photographs
4. Latest Bank Statement or a copy Electricity Bill
5. Photo
B) Registered Office proof
– Notarized Rent Agreement
– Electricity Bill
– Sale deed in case of owned
Documents submitted must be valid and not more than 2 month old.
The shareholders can directors can be same.
Note – You can register Nidhi company on your residence address as well.

Steps for Registration as LLP

For registering a Nidhi company, you shall require to avail our CA services, and we will ensure to finish below steps within 15-20 working days.

Name approval application

DSC (Digital Signature Certificate)

DIN Application

Drafting of MOA and AOA

Online Form filing Spice 32

Certificate of incorporation


Commencement of Business application

Bank Account Opening

Appointment of Auditor

Filing of returns by a Nidhi Company post incorporation

1. NDH-1: This return is filed as a statutory compliance within 90 days from the closure of the first financial year post incorporation along with such fee as prescribed with the Registrar duly certified by a CA/CS/CMSA in practice.

2. NDH-2: The application has to file with the regional director for an extension of time if the company is not able to comply with NDH-1. One shall file this return along with a fee for extension of time to the regional director, who shall consider the application and pass orders within 30 days of receipt of application.

3. NDH-3: this half yearly return is filed with the registrar along with a fee within 30 days from the conclusion of each half year. This requires certification by the company secretary in practice or chartered accountant in practice or the cost accountant in practice.

4. Annual Returns with ROC: The Nidhi Company has to file its Annual Returns with MCA through Form MGT-7.

5. Profit & Loss Statement and Balance sheet: The financial statements and other related documents are to be submitted, annually, in Form AOC-4.

6. Income Tax Returns: Nidhi Company, like all other businesses, must file its Annual Income Tax Returns by 30th September of the following financial year.

Deposits & Loans

Deposits under Nidhi Company

  • There are 3 types of deposit Nidhis can accept. These are Savings, Fixed Deposit (FD), Recurring Deposit.
  • Nidhi can pay a maximum interest of up to 12.5% on FD & RD and 6% on a savings account.
  • Nidhi can deposit up to 20 times the funds invested.

Loans from Nidhi Company

  • 3 types of securities can be accepted for loans on offer by Nidhi Companies. Loans can be provided against Gold, Property, Others (LIC, FD, etc.).
  • Nidhi cannot engage in the business of microfinance but can lend at up to 20% interest against security.
  • It can take legal action if a member fails to repay any sum of money.


  1. Fill the Form
  2. Get a call back
  3. Submit documents
  4. Track progress
  5. Get Certificate.

Frequently Asked Question

At least 3 directors are needed to apply and register as a Nidhi Company.

Yes, a Nidhi Company can open branch offices. Although the provisions for opening a branch office has to be met in order to be eligible.

A Nidhi Company can open only 3 branches within a district. In order to open more than 3 branches, the company has to seek the Regional Director’s approval for every additional branch.

A director has to be a member of the company and must comply with the requirements of Section 152(4) of the Companies Act.

You can invest in a Nidhi Company under the following conditions:

  • You have to be a citizen of India.
  • You have to be at least 18 years old.
  • You have to be a member of the Nidhi Company.

No, according to the prescribed guidelines a Nidhi Company can use the accumulated funds to give out in the form of loans only to the members of the company. Any other individual cannot apply for and get a loan from a Nidhi Company.

The registration process of a Nidhi Company can take up to 20-25 days.

No, a body corporate will not be admitted as the member of a Nidhi Company.

Yes, the director of a Nidhi Company can be a salaried person.

A Nidhi Company cannot deal in chit funds, hire-purchase funds, insurance business, leasing of finances, and securities business.

Shopping Basket
Need Help?