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Nidhi Company Registration

Start your member-based finance company with CorporateDoctors — your trusted partner for smooth and compliant Nidhi Company Registration. Get expert assistance for documentation, incorporation, and regulatory compliance — all in one seamless, 100% online process designed to help you operate legally and build trust among your members.

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    What is Nidhi Company?

    A Nidhi Company is a type of Non-Banking Financial Company (NBFC) in India, recognized under Section 406 of the Companies Act, 2013, and governed by the Nidhi Rules, 2014. Its core business is to borrow and lend money between its members.

    It promotes thrift, savings, and mutual benefit among a group of people who share a common interest.

    • Key Features of a Nidhi Company:
    • Objective:- Encourage savings and lend/borrow only among members
    • Registration:- Registered as a public company under Companies Act
    • Membership:- Only members can deposit/borrow (minimum 200 after 1 year)
    • RBI Regulation:- Exempt from RBI registration but monitored as NBFC
    • Limited Activities:- Cannot deal with non-members or do chit funds, leasing, insurance, etc.
    • Profit Sharing:- Profits used for growth — no speculative lending
    • Minimum Capital:- ₹20 lakh minimum at incorporation
    • Deposits:- Can accept FD, RD, and savings from members only

    Documents Required

    For Directors/Promoters:

    PAN card (mandatory)

    Aadhaar card/Voter ID/Passport/Driving License

    Passport-sized photo

    Email ID and mobile number

    Proof of residence (utility bill/bank statement)

    Documents Required

    For Registered Office:

    Utility bill (electricity/gas/telephone)

    NOC from the property owner

    Rent agreement (if rented) or ownership proof

    Registered Office Proof: and Company Related Documents ( Same as Private limited company)

    NIDHI COMPANY REGISTRATION PROCEDURE STEP BY STEP

    Step:-1
    Obtain Digital Signature Certificates (DSC)

    For all proposed directors and subscribers
    (Time Required: 1–2 days)

    Step:-2
    Director Identification Number (DIN)

    Apply for DIN through SPICe+
    (Time Required: Along with incorporation)

    Step:-3
    Name Reservation (SPICe+ Part A)

    Apply for name reservation using “Nidhi Limited” at the end.
    (Time Required: 2–3 days)

    Step:-4
    Draft MOA & AOA

    MOA must state that the company’s objective is to promote thrift and mutual benefit
    (Time Required: Parallel step)

    Step:-5
    Apply for Incorporation (SPICe+ Part B)

    File forms: SPICe+, AGILE-PRO, INC-9, e-MOA (INC-33), e-AOA (INC-34)
    (Time Required: 3–5 days)

    Step:-6
    PAN, TAN, EPFO, ESIC, GST, Bank Account

    Auto-generated through AGILE-PRO
    (Time Required: Included in SPICe+)

    Step:-7
    Certificate of Incorporation (COI)

    Issued by Registrar of Companies with CIN
    (Time Required: Final step)

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