Nidhi Company RegistrationGet started with your Nidhi Company

Nidhi Company

Nidhi company is registered under the Companies Act, 2013 and is regulated by the central government. A type of non-banking finance firm and have permission to lend and borrow money within its members only.

A Nidhi Company includes the following:

Permanent funds
Mutual benefit funds
Mutual benefit company
Benefit funds

To talk with our legal advisors please fill up the form.

Documents needed for Nidhi Company Registration To be submitted by all directors:

copy of PAN Card
copy of Driver’s License/ Voter ID/ Aadhaar Card/Passport
copy of Bank Statement/ Telephone Bill/Mobile Bill/ Electricity Bill
Passport-size Photograph
Specimen Signature Certificate

Basics of a Nidhi Company

Regulated by MCA & RBI

The process of registration and all the financial matters of a Nidhi company is regulated by the Ministry of Corporate Affairs(MCA). Nidhi companies are permitted deposits which are more than 6 months and lesser than 5 years old.

Member count

A Nidhi Company must have 200 members within the year of formation. And on failing, it has to apply for permission of extension of time limit of acquiring the said member count.

Equity Capital

The equity share capital should be of Rs. 5 lakh on inception. And 10% of the deposit collected from members should be kept as fixed deposit in a nationalized bank.

Advantages of Nidhi Company

Cheaper to borrow
Encourages savings
Less complications

FAQs

How to start with Nidhi company and how long will it take to register?

You must have at least 3 directors and 7 shareholders. Nidhi Companies take a month time or longer for registration.

My Nidhi Company is doing well. How to expand its operations to other locations?

You can open a minimum of 3 branches in a district. If you plan to expand outside the district or want to open more than 3 branches, intimation must be issued a month prior to the Registrar of Companies.

Can any non member person deposit funds or transfer it to the general fund of the Nidhi Company?

No, others cannot deposit, borrow or lend funds.

Who can become a member of a Nidhi Company?

Any person can become a member of the Nidhi company provided they are not a corporation or a company.

How much deposit Nidhi company accepts from its members/member?

A Nidhi can accept deposits not more than 20 times of the net owned assets as per the last audited statements.

Why Venture Support?

With our team of experienced business counselors, you are just a phone call away to have all your queries answered and assist to process your venture.
Venture Support can register a Nidhi Company in 20 to 30 days, subjected to processing time for ROC.

Getting DSC & DIN

This is needed for the proposed Directors of the Nidhi Company. You can get DIN and DSC within 5 to 7 days.

Approval of name & license

Name approval takes about 3 to 5 working days.