Takes 8-10 Days


    What Is A Nidhi Company?

    The primary object of a Nidhi Company is to carry on the business of accepting deposits and lending money to member-borrowers only against jewels, etc., and mortgage of property. For over a century Nidhi Companies have been promoting the objective of cultivating the habit of thrift and saving among its members. Nidhi companies are allowed to take deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only from its members and used only by the members of the Nidhi Company. In recognition of the fact that Nidhi Companies deal with their members only, RBI has exempted the Nidhi Companies from the provisions and directions applicable to NBFCs. A minimum of 7 members and 3 directors are required to incorporate a Nidhi Company. The name of a Nidhi Company shall have the last word as “Nidhi Limited” as part of its name.


    Separate Legal Entity

    A Nidhi company is a separate legal entity from the persons forming it. The ownership can be distinguished from its management unlike in other business form. A Nidhi Company as a legal entity is capable of owning its funds and other properties. 


    A Nidhi Company like a NBFC is engaged in the business of lending its funds. However, since the Nidhi Company can lend only to its members, the RBI does not places many restrictions over a Nidhi Company. Nidhi Companys are governed by the Nidhi Rules, 2014.

    Low Rate Of INTEREST

    The loans given to the members are at a lower rate of interest than the market rate. This brings greater savings to the members. Further it is an easy way of borrowing for a member rather than going through the Banking Channel.


    The formation of a Nidhi Company is quite simpler and quick if compared to the process of incorporating a Non Banking Financial Company (NBFC). Unlike NBFCs, Nidhi Company don’t have to obtain a license from RBI for functioning. A Nidhi Company needs to simply register with MCA and follow the Nidhi Rules, 2014.


    The main aim of Nidhi Companies is to promote the habit of saving and thrifts among a lower and middle section of the society. These small sections of the population contribute to the funds of and avail credit from Nidhi companies. Nidhi companies over a century has helped its members in working towards a bright future.


    Outsiders are not allowed to intervene in the working of the Nidhi Companies, neither allowed to deposit money or avail credit from these companies. Nidhi companies are formed by, managed by, and provide benefits to its members only. Hence, due to less outsider intervention, the RBI also does not places much restrictions over the working of a Nidhi Company.



    How We Work

    Consult Our Experts

    Once you fill in the above details, our expert will call you to understand your requirements in a better way and to brief you about the entire registration process and suggest you the course of action. Upon confirmation of our engagement by you, we will dedicate you a relationship manager who will take care of all your needs.

    Send Documents Via Email

    We at The Consultant Guru, work towards minimizing the hassles of the client, keeping this moto in mind our executives will give you a single check list of documents needed so that we don’t bother you time and again for documents. In case you are short of a few documents, our consultants help you to provide us the maximum possible alternative documents.

    Payments & Filings

    We believe in the moto of “Pay as we work”. This requires you pay us step by step in 2 tranches instead of giving the whole sum in one shot. The Consultant Guru facilitate payments through secure online payment gateway. After successfully providing the set of documents and partial payment, our experts will start working and provide with regular updates. You will only be required to pay the final sum upon receiving the Certificate of Registration.

    Frequently asked questions ABOUT NIDHI COMPANY

    Every person who proposes to become a director of a company is required to obtain a DIN. A DIN is linked to your PAN Card and is required to be obtained only once in a Life time.

    The Directors of the company are required to sign various E-Forms on behalf of the company. A DSC is required to show the authority of the person signing the various forms on behalf of the company.

    Yes, a company must have a registered office in India. MCA sends all the communications to the registered office of the company. It need not be a commercial place. You can have your residence as Company’s registered office.

    No, the directors and members can be different persons or entity.

    It usually takes 7-10 days to incorporate a company if there are no objections from MCA against the name or any documents submitted to incorporate a company.

    Yes, the minimum number of shareholders in a Nidhi Company is seven and minimum number of directors required is three.