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IndianTaxPert — Simplifying Business Registration & Compliance in India | Company Incorporation • LLP Formation •
A Nidhi Company is a specialized Non-Banking Financial Company (NBFC) designed to promote thrift and savings among its members. It primarily accepts deposits from members and lends money against tangible securities like gold, property, or other collaterals. Governed by the Companies Act, 2013 and Nidhi Rules, 2014, these companies are regulated by the Ministry of Corporate Affairs, while deposit activities are monitored by the Reserve Bank of India.
At IndianTaxPert, we provide complete assistance for Nidhi Company incorporation, from initial registration to obtaining the Nidhi License.
A Nidhi Company is a public limited company with a unique business objective: mutual benefit of its members through accepting deposits and providing loans. Once the company has at least 200 shareholders and paid-up capital exceeding ₹10 lakh, it can apply for a Nidhi License under the Nidhi Rules, 2014.
- Proposed company name
- Principal business address
- Total number of members
- Initial capital investment
- Capital-sharing ratio among members
- Initial board of directors
A Nidhi Company is a Public Limited Company with a focus on deposit-taking activities among members. Registration follows the Companies Act and Nidhi Rules, 2014.
Eligibility Criteria
👥 Shareholders
Minimum 7 shareholders
🧑💼 Directors
Minimum 3 directors
🏠 Name & Office
Unique name ending with “Nidhi Limited” and valid registered office address
💰 Capital & MOA
Minimum paid-up capital of ₹5 lakhs. MOA must state the object of accepting deposits and lending to members.
Documents Required
Members’ Documents
- PAN Card & Aadhaar Card
- Passport-size photographs
- Identity proofs (Voter ID, Passport, Driving License)
- Address proofs (Electricity Bill, Gas Bill, Telephone Bill, Bank Statement <2 months old)
Premises Documents
- Proof of registered office
- NOC from property owner
- Rent agreement or property ownership documents
Legal Drafts
- Memorandum & Articles of Association
- Questionnaire for company registration
- Consent of directors (Form DIR-2)
- Specimen signatures
- Signed subscriber sheet
Step-by-Step Registration Process
1
Document Preparation
Collect all legal documents for members, office, and legal drafts to ensure a smooth registration process.
2
Name Selection
Select a unique and meaningful name compliant with Companies Act, Trademark Act, and Names & Emblems Act.
3
Name Approval
Reserve the chosen name via ROC using RUN or Part A of SPICe+. Experts ensure eligibility and submit the application.
4
Incorporation Application
Complete SPICe+ (INC-32) online, submit Part B for Nidhi Company registration with signed forms and supporting documents.
5
Certificate of Incorporation
ROC verifies documents and issues the Certificate of Incorporation with a Corporate Identification Number (CIN).
6
Obtain Nidhi License
Apply under Nidhi Rules, 2014 using Form NDH-4. Upon verification, the license is granted and published in the official gazette.
Key Benefits of a Nidhi Company
- Member-Oriented Lending: Loans and deposits only among members
- Legal Recognition: Fully regulated under Companies Act and Nidhi Rules
- Capital Growth: Access to member contributions for financial activities
- Limited Liability: Members’ liability restricted to their capital contribution
- Structured Governance: Robust framework combining NBFC and corporate regulations
