Nidhi Company Registration
A Nidhi Company is a type of Non-Banking Financial Company (NBFC),
created mainly for cultivating the habit of savings and thrift among members.
It accepts deposits and lends only to its members, making it a safe and community-driven
structure. Registration is governed by the Companies Act, 2013 and Nidhi Rules, 2014.
Key Advantages
- Encourages the habit of saving and thrift among members.
- Limited liability for members and promoters.
- Easy to form with low cost of registration.
- No external involvement — transactions limited to members.
Minimum Requirements
- At least 7 members (shareholders).
- Minimum 3 directors.
- Must be incorporated as a Public Limited Company.
- Minimum paid-up equity share capital of ₹5,00,000.
- At least 200 members within one year of incorporation.
Documents Required
- PAN and Aadhaar of all directors and members.
- ID Proof: Passport / Voter ID / Driving licence.
- Address proof: recent utility bill / bank statement (not older than 2 months).
- Passport-size photographs of all directors.
- Registered office proof: Rent agreement + NOC (if rented) or ownership proof.
Registration Process
- Name Approval: Apply for reservation of company name through RUN/ SPICe+.
- MoA & AoA Drafting: Draft Memorandum and Articles of Association as per Nidhi Rules.
- Incorporation Filing: Submit SPICe+ form with MCA along with supporting documents.
- Certificate of Incorporation: Once approved, Registrar issues the Certificate of Incorporation with CIN, PAN & TAN.
- Compliance Post-Incorporation: File NDH-1 (return of statutory compliances), ensure 200 members and ₹10 lakh net owned funds within one year.
Mandatory Compliance
- File NDH-1, NDH-2, NDH-3 annually with ROC.
- Ensure ratio of Net Owned Funds (NOF) to deposits is not more than 1:20.
- Maintain proper books of accounts and statutory registers.
How Ctrl Tax Advisory Helps
We provide end-to-end support for Nidhi Company registration and compliance:
- Advisory on eligibility, capital requirements and compliance.
- Preparation and filing of incorporation forms and documents.
- Post-registration filings (NDH returns) and annual compliance.
- Legal and secretarial assistance for smooth operations.
