Wish to register a Nidhi Company?

“Nidhi” means finance or fund. Nidhi Company is incorporated with an intention to increase savings and provide with finances among members only. It is allowed to take/lend loans from/to members.

Though there are no separate registrations to be done under RBI for a Nidhi company, RBI has the power to issue directives to them. Nidhi Companies are exempted from main provisions otherwise applicable to an NBFC in India.  It requires a minimum of 7 members and 3 directors to start with. All such companies must append “Nidhi Limited” after its name.

Here’s a list of required documents for Nidhi Company:-

• Photograph of all the Directors and Members
• PAN Card of all the Directors and Members
• ID Proof of all the Directors and Members (Driving License/Passport/Voter ID)
• Electricity Bill or any other utility bill for the address proof of the Registered Office

Wish To know more about the Nidhi Company Registration? Click here

Suggested Read: All you want to know about Nidhi Company loans  and Benefits of Nidhi Company Registration

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