Nidhi Company Registration in India
Nidhi Companies are mutual benefit societies recognized under Section 406 of the Companies Act, 2013 and governed by the Nidhi Rules, 2014. They operate primarily for cultivating the habit of thrift and savings among members.
Our comprehensive Nidhi registration services include:
- Consultation on Nidhi Company formation requirements
- Name reservation and approval with MCA
- DSC (Digital Signature Certificate) and DIN (Director Identification Number) procurement
- Drafting of MOA (Memorandum of Association) and AOA (Articles of Association)
- Filing of incorporation documents with ROC
- Post-registration RBI compliance setup
Start a Nidhi company – typically 20–30 working days
- Structure planned to meet the Nidhi Rules from day one
- Incorporation with the required members, directors and capital
- NDH-4 declaration support after incorporation
Eligibility Criteria for Nidhi Company
Membership
Minimum Members: 7 (for formation)
Minimum Shareholders: 200 (within 1 year)
Net Owned Funds: ₹10 lakhs minimum
Structure
Type: Public Limited Company
Directors: Minimum 3 directors
Name: Must include "Nidhi Limited"
Financials
Paid-up Capital: ₹5 lakhs minimum
Deposit Ratio: 1:20 (NOF to deposits)
Loan Limits: As per RBI guidelines
Restrictions
No: Preference shares issuance
No: Acquisition of other companies
No: Chit fund or insurance business
Documents Required for Nidhi Registration
Identity Proof
PAN Card, Aadhaar, Passport of directors
Address Proof
Utility bills or bank statement of directors
Photographs
Passport size photos of all directors
Office Proof
Registered office address proof and NOC
Capital Proof
Bank statement showing initial capital deposit
Other Documents
DSC, DIN, MOA, AOA, Declaration by directors
Nidhi Company Registration Process
1. Initial Consultation
Understanding your Nidhi Company requirements and eligibility assessment.
2. Name Reservation
Filing RUN application with MCA including "Nidhi Limited" in name.
3. Document Preparation
Drafting MOA, AOA, and other incorporation documents specific to Nidhi.
4. Digital Signature & DIN
Obtaining DSC for directors and applying for DIN.
5. Incorporation Application
Filing SPICe+ form with ROC for Nidhi Company registration.
6. Post-Incorporation Compliance
RBI intimation, Nidhi registration application (Form NDH-1), and other filings.
Nidhi Company Compliance Requirements
Annual Compliance
Filing of NDH-3 return with ROC, annual accounts, and director's report.
Interest Rate Compliance
Ensuring interest rates on deposits follow RBI guidelines (max 7.5% above bank rate).
Membership Compliance
Maintaining minimum 200 members within first year of operation.
Quarterly Compliance
Quarterly filings with RBI and maintenance of required financial ratios.
Nidhi Company Registration Fees
| Service | Basic | Premium |
|---|---|---|
| Nidhi Company Registration | ₹24,999 | ₹34,999 |
| Nidhi Compliance Package (Annual) | ₹14,999 | ₹24,999 |
| RBI Filings Assistance | ₹4,999 | ₹9,999 |
| Nidhi Company Conversion | ₹29,999 | ₹39,999 |
Common Mistakes to Avoid
Nidhi companies are tightly regulated. These mistakes can cost the Nidhi status.
- Not reaching 200 members in time – The membership requirement must be met within the first year.
- Accepting deposits from non-members – Nidhis can deal only with their members.
- Missing NDH-4 – The declaration application must be filed once conditions are met.
- Ignoring the deposit limits – Deposits must stay within the ratio to net owned funds.
- Opening branches without meeting conditions – Branches are allowed only after meeting profit conditions.
After Incorporation
Build membership
Reach at least 200 members within a year.
File NDH-4
Apply for declaration as a Nidhi company.
Periodic Nidhi returns
NDH-1 and NDH-3 filed as prescribed.
Regular ROC filings
Annual financial statements and returns.
Why Choose Vaidam Consultancy for Nidhi Company Registration
Rules-first planning
Membership, capital and deposit limits are planned to satisfy the Nidhi Rules.
Post-incorporation support
We help you reach membership and net owned fund conditions for NDH-4.
Clear, upfront pricing
Our fees are listed on this page, and any government fee is shown separately before we start.
Ongoing compliance
Annual Nidhi returns and filings can be handled for you.
Nidhi Company FAQs
Typically 20-30 working days for complete registration including MCA approval and RBI intimation.
No, Nidhi Companies can only accept deposits from their members as per RBI guidelines.
Nidhi Companies are mutual benefit societies for members only, while NBFCs deal with the general public and have stricter RBI regulations.
No prior RBI approval is needed, but intimation must be given after incorporation and Nidhi Companies must follow RBI guidelines.
At least seven members, three directors and minimum paid-up equity capital of ₹10 lakh at incorporation. Within the first year it must have at least 200 members and net owned funds of ₹20 lakh.
NDH-4 is the application to the Central Government for declaration as a Nidhi company, filed once the membership and net owned fund conditions are met.
No. A Nidhi company can accept deposits from and lend only to its members.
No. Nidhi companies are regulated by the Ministry of Corporate Affairs, not registered with the RBI as NBFCs.