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“Nidhi” is a Hindi word, which means finance or fund.
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) registered under the Companies Act, 2013. Its main objective is to cultivate the habit of saving and thrift among its members. A Nidhi Company can only accept deposits and lend money to its members, making it a community-based finance system.
Unlike other NBFCs, a Nidhi Company does not require RBI approval to operate. However, it must follow the rules prescribed by the Ministry of Corporate Affairs (MCA). It is an affordable and simple way for small groups to provide financial assistance to their members.
Small business groups focusing on community lending
Entrepreneurs looking to start small finance activities
Groups wanting to encourage savings among members
Businesses seeking a cost-effective lending structure
Local associations are planning to build a credit society
EbizFiling has assisted 5,000+ businesses with registration and compliance services in India. Our team of CAs, CS, and legal experts ensures your Nidhi Company registration is quick and error-free.
From applying for name approval, preparing incorporation documents, and filing with the ROC to ensuring post-registration compliances, we take care of everything for you. Apart from a Nidhi Company, EbizFiling.com also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF Registration easily. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.
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Nidhi Companies do not require RBI registration to operate.
Promotes saving habits among members.
Loans can be given to members at lower interest rates.
Members’ personal assets are safe from company debts.
Company is recognized as a distinct legal entity.
Easier to manage compared to other financial entities.
PAN card of all directors and shareholders
Identity proof (Aadhar/Passport/Voter ID)
Address proof (Electricity/Telephone bill)
Passport-size photographs
Registered office proof (Rent agreement/Utility bill/NOC)
MOA and AOA draft
Get DSC & DIN
Reserve name with MCA
Draft MOA & AOA
File forms with ROC
Receive Certificate of Incorporation
We assist in obtaining DSC and DIN for proposed directors. These are essential for company registration and processed quickly by our experts.
You may suggest up to two names. We apply on MCA portal ensuring uniqueness and compliance with naming rules.
MOA & AOA are drafted and filed with ROC through SPICe+. Once approved, you receive Certificate of Incorporation with PAN & TAN.
A Nidhi Company is a type of NBFC under the Companies Act, 2013. It promotes savings and lends only to its registered members.
No. Nidhi Companies are regulated by MCA and do not need RBI approval, making the registration simpler and cost-effective.
A minimum paid-up share capital of ₹5 lakhs is required at incorporation for a Nidhi Company.
At least 7 members and 3 directors are required, with 3 acting as directors and the rest as shareholders.
No. Deposits can only be accepted from registered members, not from the general public.
Deposits cannot exceed 20 times the net owned funds of the company.
No. Nidhi Companies cannot issue preference shares or debentures for raising funds.
Within 1 year, it must have 200 members, maintain ₹10 lakhs net owned funds, and file returns like NDH-1, NDH-2, and NDH-3 with MCA.
Yes. It can open up to 3 branches in the district after 3 years of continuous profits. For outside branches, RD approval is needed.
NDH-1, NDH-2, NDH-3, along with AOC-4 for financials and MGT-7 for annual return, must be filed.
Yes. For deposits up to ₹2 crores, loans per member are limited to ₹2 lakhs. Limits vary with deposit size.
No. It is restricted to deposits and lending only, not chit funds, insurance, leasing, or hire-purchase.
Profits are shared as dividends among members, capped at 25% of net profits in a financial year.
NBFCs need RBI approval and can deal with the public. Nidhi Companies are MCA-regulated and limited to members.
No. Only Indian residents can be members. NRIs and foreign nationals are not allowed.
Directors manage daily operations, ensure compliance, and protect members’ deposits.
Yes. A statutory auditor must be appointed and annual accounts audited every year.
Yes. Both fixed and recurring deposits are allowed, subject to MCA rules.
Registration usually takes 25–30 working days, depending on ROC processing and approvals.
We provide end-to-end support from ROC filings to post-compliances, ensuring smooth and error-free registration.
Service packages start at just from INR 19999/- only.
Trusted by 5000+ clients worldwide for compliance and company registration services.
I would rate 5/5 for their services, pricing and transparency.
Highly recommended - I have been using their services for the past 2 years. Work completed very thoroughly and on time. Very efficient team, and responsive to all queries.
It was great experience with ebiz to get my filing done I especially want to thanks Mr.Parth Nai who was there to assist and solve all our queries.He make entire process very smooth.Kudos to entire Ebiz team.
