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Nidhi Company Registration in India

Nidhi Company is a business entity in India governed under the Companies Act 2013. Its sole objective is to engage with thrift and savings among its members. A Nidhi Company is a Non-Banking Financial Institute that provides services like Lending and deposits to its members exclusively. Therefore, it can be said a Nidhi Company in India only consists of funding from its members and shareholders.

Starting a Nidhi Company in India means starting a class of Non-Banking Financial Companies. They are governed under the Reserve Bank of India. This body tells the registered Nidhi Company guidelines about lending and depositing activities. However, Nidhi Companies can only deal with their own members. Therefore outside members are not allowed.

Why you should register a Nidhi Company?

Nidhi Company is one of the business entities that enjoy several perks of the Companies. The following are those perks that make Nidhi Company Registration quite a beneficial affair:

  1. Easy Access to loans: As a Nidhi Company is a recognized infrastructure by the Central government; it is trusted more by the banks. Therefore, once you register a Nidhi Company, it is easy for you to acquire loans and other types of findings.
  2. Continued Existence: A Nidhi Company enjoys a continued existence even after one of the directors is deceased.
  3. Easy to incorporate: The Incorporation of a Nidhi Company is quite easy. It is following the standard procedure of Company Registration in India.
  4. Separate legal Identity: After the formation of a Nidhi Company, it becomes a separate legal identity in India. It can be said that a Nidhi Company becomes a separate individual who shall be able to own a property, invest, etc.
  5. Limited Liability: A Nidhi Company enjoys limited liability for its members. This means that in the event of loss, the members of the Nidhi Company won’t have their personal assets harmed.

Through Nidhi Company Incorporation, you can basically start your own mutual fund business. If it is what you want to do, contact us, and let us handle the Nidhi Company Registration.

Documents Required

  1. Required Documents for Nidhi Company Registration

    Following are the documents required for company incorporation for each director/ shareholder

    • Self attested PAN card copy.
    • Four Photographs.
    • Self attested copy of any one of the Identity Proof like Driving License, Passport, Voter ID & Adhaar Card
    • Self attested copy of any one of the Address Proof like Bank Pass Book/ Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill
    • Company Address proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill, AND Rent Agreement (if rented) AND NOC for doing Business & for taking Registration.


No, Trust or Body Corporate can not be admitted as a member of Nidhi Company.

Nidhi Company can not issue preference shares, and If preference shares had been issued by a Nidhi before the commencement of Companies Act, 2013, then such preference shares shall be paid back to preference shareholder in accordance with the terms of issue of such shares.

No, A minor shall not be admitted as a member of Nidhi but deposits may be accepted in the name of a minor, if they are made by the natural or legal guardian who is a member of Nidhi.

Here, “Net Owned Funds” means the aggregate of paid up equity share capital and free reserves as reduced by accumulated losses and intangible assets appearing in the last audited balance sheet.

Proceeds from issue of preference share shall not be included in Net Owned Funds.

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