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Nidhi Company Registration - Simple, Legal & Hassle-Free

Start your own mutual benefit finance business with Nidhi Company Registration. Ideal for cultivating savings habits among members without RBI approval.

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Nidhi Company Registration

Start your own mutual benefit finance business. No RBI approval required.

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What is a Nidhi Company?

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) formed to borrow and lend money to its members. Its main objective is to cultivate the habit of thrift and savings among its members.

It is registered as a public limited company under the Companies Act, 2013, and is governed by the Nidhi Rules, 2014. Unlike other NBFCs, it does not require an RBI license to start operations.

Features & Benefits

Why start a Nidhi Company for your finance business.

No RBI License

Exempted from core provisions of the RBI Act. No need for RBI approval to register.

Promote Savings

Ideal for promoting savings among members in a local area with better interest rates.

Secured Lending

Can lend against gold, property, FD, and Govt securities with very low risk.

Eligibility Criteria

  • Members: Minimum 7 shareholders required.
  • Directors: Minimum 3 Directors.
  • Capital: Minimum Equity Share Capital of ?10 Lakhs.

Documents Required

  • PAN and ID Proof of all directors
  • Address Proof of all directors
  • Registered Office Proof (NOC + Utility Bill)
What's Included in the Package?

Registration Process

Step-by-step guide to Nidhi incorporation.

01
DSC & DIN
Obtain Digital Signatures and Director IDs.
02
Name Approval
Apply for name ending with "Nidhi Limited".
03
Incorporation
File SPICe+ and receive COI from the MCA.

How It Works

DSC & DIN

Obtain Digital Signatures and Director Identification Numbers. (Day 1-2)

Name Approval

Apply for a unique name ending with "Nidhi Limited". (Day 3-4)

Incorporation

File SPICe+ forms. Upon verification, you get the COI and PAN. (Day 7-10)

Why Choose Legal In Simple?

Expert support for Nidhi Registration & Compliance.

Nidhi Rules Expert

We ensure complete compliance with Nidhi Rules, 2014.

Drafting Support

Precise drafting of MOA & AOA for Nidhi objects.

Post-Compliance

Assistance with NDH-1, NDH-2, NDH-3, and NDH-4 filings.

Dedicated Support

Ongoing support for your finance business journey.

Frequently Asked Questions

1. What is the minimum capital?
The minimum equity share capital required to register a Nidhi Company is ?10 Lakhs.
2. Is RBI approval required?
No, RBI approval is not required to register a Nidhi Company, but it must adhere to the Nidhi Rules, 2014.
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