Company & LLP registration
Nidhi Company Registration
Incorporation of a Nidhi company, which accepts deposits from and lends only to its own members, under the Nidhi Rules, 2014.
Who needs it
Groups who want to promote saving and lending among members, typically in a town or community, under a regulated structure.
A Nidhi is a public company whose business is mutual: it borrows from and lends to its members only. It is regulated by the Ministry of Corporate Affairs under the Nidhi Rules, which were tightened in 2022, and the rules are strict.
The main requirements
- Incorporated as a public company with at least seven members and an equity share capital of ₹10 lakh or more
- At least 200 members and net owned funds of ₹20 lakh, after which the company applies to the Central Government for declaration as a Nidhi in Form NDH-4
- Limits on loans, deposits, interest and branches, and regular returns (NDH-1, NDH-3)
What we handle
We incorporate the company, plan the membership drive with you, file the declaration application in time, and set up the half-yearly and annual returns so the company stays within the rules from the first year.
Documents to keep ready
- PAN, Aadhaar and address proof of at least seven members and three directors
- Proof of the registered office
- Photographs and digital signatures of the directors
- Plan for reaching the minimum membership and owned funds