Nidhi Company Registration


A Nidhi company is a type of Non-Banking Financial Company (NBFC) that promotes thrift and savings habits among its members. It primarily caters to its members by accepting deposits and offering loans at competitive rates. Unlike banks, Nidhi companies don't require a license from the Reserve Bank of India (RBI), making them easier and faster to establish

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Benefits of Nidhi Company Registration 

  • Promotes Savings: Nidhi companies encourage a culture of saving among members by offering attractive deposit schemes. 
  • Easy Loans: Members can access loans at competitive interest rates to meet their financial needs. 
  • Mutual Benefit: Nidhi companies operate on the principle of mutuality, meaning profits are shared among members. 
  • Simpler Regulations: Compared to banks, Nidhi companies are subject to less stringent regulations. 

Process of Nidhi Company Registration 

Here's a simplified breakdown of the Nidhi company registration process: 

  • Director Identification Number (DIN) & Digital Signature Certificate (DSC): Directors must obtain a DIN and DSC. 
  • Name Approval: Propose a company name containing "Nidhi Limited" for MCA approval. 
  • Draft MoA & AoA: Prepare the Memorandum of Association (MoA) outlining the company's objectives and Articles of Association (AoA) defining internal governance rules. 
  • Registration: File the incorporation documents with the Registrar of Companies (ROC). 
  • Certificate of Incorporation (CoI): Upon approval, receive the CoI, signifying successful registration. 
  • PAN, TAN & Bank Account: Apply for a Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), and open a company bank account. 

Drawbacks of Nidhi Companies 

  • Limited Membership: Only individuals can be members; no corporate or partnership firms are allowed. 
  • Loan Restrictions: Loans can only be provided to members, limiting the company's reach. 
  • Capital Requirements: A minimum paid-up capital of Rs. 10 lakh is mandatory. 

Documents Required for Nidhi Company Registration 

  • DIN and PAN of directors 
  • Identity and address proof of members and directors 
  • Photographs of members and directors 
  • Proof of registered office address (ownership documents/lease agreement) 
  • No Objection Certificate (NOC) from the property owner (if applicable) 
  • MoA and AoA 

Eligibility for Nidhi Company Registration 

  • Minimum of 7 members (all individuals) 
  • 3 directors (minimum) from the members 
  • Minimum paid-up capital of Rs. 10 lakhs

Nidhi Company Registration Checklist 

  • Obtain DIN and DSC for directors.
  • Finalize a company name with "Nidhi Limited".
  • Draft MoA and AoA.
  • Prepare required documents.
  • File registration application with ROC. 
  • Obtain CoI.
  • Apply for PAN, TAN, and open a bank account.

How 24efiling Can Help You 

24efiling streamlines your Nidhi company registration journey with: 

  • Hassle-free Registration: Our user-friendly platform simplifies the process. 
  • Expert Assistance: Get guidance from our experienced professionals at every step. 
  • Timely Completion: We ensure your registration is completed efficiently. 
  • Cost-effective Solutions: We offer competitive pricing for our services.

Ready to Register Your Nidhi Company? 

Contact 24efiling today! We'll handle the complexities, so you can focus on growing your business. 


We Made Things Easy For You!

A: A minimum paid-up capital of Rs. 10 lakh is mandatory for Nidhi company registration.

A: Only individuals can be members; corporate or partnership firms are not allowed.

A: 24efiling offers a user-friendly platform, expert guidance throughout the process, and ensures timely and efficient registration.

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