•  Proposed Company Name(Subject to availability)

• Main Business Objective (related to thrift and savings)

• PAN Card of all Directors & Shareholders (Mandatory)

• Aadhaar Card / Voter ID / Passport / Driving License of all Directors & Shareholders

• Address Proof of all Directors & Shareholders (Electricity Bill / Telephone Bill / Bank Statement – not older than 2 months)

• Recent Passport-size Photos of all Directors & Shareholders

• Registered Office Address Proof (Electricity Bill / Water Bill / Gas Bill – not older than 2 months)

• NOC from Property Owner (format will be provided)

• Rent Agreement or Property Ownership Document

• Email IDs and Mobile Numbers of all Directors

• Capital Contribution Details

Please Visit Incorporation Cost

The registration process usually takes around 30-45 working days, subject to government processing time and document verification.

1. Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all directors.
2. Apply for name approval through the MCA portal.
3. Draft and file the Memorandum of Association (MoA) and Articles of Association (AoA).
4. Submit incorporation documents and registration fees to the Registrar of Companies (ROC).
5. Obtain the Certificate of Incorporation (COI) from the MCA.
6. Apply for PAN and TAN for the Nidhi Company.
7. Open a bank account in the company’s name and start operations.

• • Who regulates Nidhi Companies?
    Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA) under Section 406 of the Companies Act, 2013.

  •  What is a Nidhi Company?
      A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that facilitates savings and lending among its       members.

  • What is the minimum capital required to start a Nidhi Company?
    A Nidhi Company must have a minimum paid-up equity share capital of Rs. 5 lakh at the time of incorporation.

  • How many members are required to start a Nidhi Company?
    A minimum of seven members and three directors are required at the time of incorporation. The company must have at least 200 members within one year.

  • Can a Nidhi Company provide loans to non-members?
    No, a Nidhi Company can only accept deposits and provide loans to its registered members.

  • Is RBI approval required for a Nidhi Company?
    No, Nidhi Companies do not require RBI approval as they are governed by MCA regulations.

  • Can a Nidhi Company operate outside India?
    No, a Nidhi Company can only operate within India and serve its registered members.

  • What kind of business activities are restricted for Nidhi Companies?
    Nidhi Companies cannot engage in chit funds, leasing, insurance, hire-purchase financing, or any business other than lending and accepting deposits from members.

  • How long does it take to register a Nidhi Company?
    The registration process typically takes 15-25 working days, depending on government processing times.

  • What compliance requirements must a Nidhi Company follow?
    A Nidhi Company must maintain proper records, file annual financial statements, and submit annual returns with the Registrar of Companies (ROC).

  • What happens if a Nidhi Company fails to comply with regulations?
    Non-compliance may result in penalties, fines, or even deregistration by the MCA.

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