Nidhi Company Registration
A Specialized NBFC for Mutual BenefitsWhat is a Nidhi Company?
A **Nidhi Company** is established for **cultivating the habit of thrift and saving** amongst its members. It is allowed to borrow and lend money only between its members, making it a "mutual benefit finance company."
This is an ideal structure for microfinance operations, community banking, or small, closed groups looking to provide internal financial assistance without needing extensive RBI licenses like other NBFCs.
Quick Facts & Requirements
- **Minimum Directors:** 3
- **Minimum Members:** 200 (within 1 year)
- **Net Owned Funds:** ₹10 Lakh (Minimum)
- **Governing Body:** MCA (Ministry of Corporate Affairs)
- **Function:** Borrowing/Lending with members only
Benefits & Simplified Regulatory Framework
Easier Capital Access
Can easily collect deposits from members, unlike standard companies.
RBI Exemption
Largely exempted from core RBI compliance, simplifying operations.
Defined Operations
A clear business model focusing only on member transactions, avoiding general public deposits.
Nidhi Company Post-Incorporation Compliance
Nidhi Company must meet statutory requirements within the first year to maintain its status:
Minimum 200 Members
The company must achieve a minimum of 200 members by the end of the first year.
Net Owned Funds (NOF)
NOF should be ₹10 Lakh or more, including paid-up equity share capital and free reserves.
Unencumbered Deposits
Unencumbered term deposits must be at least 10% of the outstanding deposits.
Nidhi Company Registration Package
Ensure legal clearance and compliance with our specialized Nidhi registration service:
Nidhi Formation Pro
- ✔ DIN & DSC for 3 Directors
- ✔ Name Approval & MOA/AOA Drafting
- ✔ Nidhi Company Incorporation
- ✔ PAN & TAN Registration
- ✔ **Post-Incorporation Compliance Plan**
- ✔ 6 Months Free Compliance Support