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Nidhi Company

Nidhi Company is a company that is incorporated to develop the habit of saving among its members only for their mutual benefits. The company is allowed to take deposits from & to lend money to the members only. Hence, only the members take part in contributing funds & lending activities of a Nidhi Company. The minimum members required for registration is 3. The last word in the name must be ‘Nidhi Limited’. It shall be a public company.

It is considered as an NBFC. RBI issues directions to the Nidhi Company concerning its activities. It is generally advisable where the activity of deposit & lending relates to a specific group of people. The RBI has exempted Nidhi Companies from the applicability of the RBI Act. It is very easy & cheap to incorporate a Nidhi Company.

Why Nidhi Company?

SEPARATE LEGAL ENTITY A Nidhi company is considered as a separate legal entity for the purpose of law. Accordingly, it can hold property in its name, sue & be sued, borrow in its name, etc.
LIMITED LIABILITY The members are considered separate from the company. So, they are not liable for the creditors of the company.
NO CLAIM ON PROPERTY OF COMPANY Since, it is considered as a juristic person, no member can claim any rights over the property of a Nidhi Company as long as it is going concern.
PERPETUAL SUCCESSION The existence of Nidhi Company does gets affected due to the departure or death of any member.
CREDIBILITY A Nidhi Company enjoys better credibility as it is registered and managed by the central government in contrary to mutual benefit organizations that are registered & monitored by state governments.

Nidhi Company Registration Process

Documents required

1. Copy of PAN Card of directors

2. Passport size photograph of directors

3. Copy of Aadhaar Card/ Voter identity card

4. Copy of Rent agreement (If rented property)

5. Electricity/ Water bill (Business Place)

6. Copy of Property papers (If owned property)

7. Landlord NOC (Format will be provided)

Frequently Asked Questions

A Nidhi company is registered as a Public Limited Company. Hence, the requirements for incorporation of a Nidhi company covered a minimum of three Directors and Seven Shareholders. The MOA of a Nidhi company must state that the primary objective of the proposed company is to nurture and promote a habit of thriftiness and savings among its members, and accept deposits from or lend loans only to its members, for the mutual benefits of them.

Yes, because the Central Government/MCA/RBI has framed the laws/rules to ensure the security and safety of deposits.

Yes, SPICe Forms can be used for incorporating a Nidhi Company.

After incorporation, within one year it must satisfy the following:
• At least 200 members.
• Minimum Net Owned funds of Rs. 10 Lakh.
• Unencumbered term deposits must be at least 10% of the Outstanding deposits.
• The ratio of NOF to the deposits, should not be greater than 1:20.

It typically takes 35 to 45 working days to register a Nidhi Company.

Yes, the company registration process is online. You can send the required documents via email to

It is valid until it is active & does not get struck off by registrar by being a dormant company.

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