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A Nidhi company closely resembles an NBFC, however under a Nidhi Company deposits may be accepted from a closed group of persons only called members of the Nidhi Company. We will extend our support in documentation, preparation, filing, and subsequent Follow-up with ROC.

Minimum Requirements to Start a Nidhi Company

4 basic minimum requirement

Prohibited Activities

Prohibited Activities

Activities like Chit Fund, Hire-Purchase Finance, Leasing Finance, Insurance or Securities Business is strictly prohibited.

Number of Members

Number of Members

It starts with 7 members as a public limited company, however, to obtain a Nidhi Company Status it needs at least 200 members in a year.

Capital Requirement

Capital Requirement

The minimum paid-up equity capital required for Nidhi Company Status is Rs. 10,00,000 help by at least 200 members.

Unique Name

Unique Name

Name of the company should be unique, and it must not be the same or similar to the name of any existing company or a trademark.

Nidhi Company Registration

A Nidhi company closely resembles an NBFC; however, under a Nidhi Company, deposits may be accepted from the members/shareholders of the Nidhi Company. A Nidhi Company is registered to borrow and lend to its members to promote the habit of saving money among its members and works on the principle of mutual help. Nidhi companies are very popular in southern states in India. Unlike an NBFC a Nidhi Company is not required to obtain a license from RBI; hence it is easy to incorporate.

The Stepwise Process of Nidhi Company Registration

  • Check eligibility and documents
  • The name of Nidhi Company must contain “Nidhi.”
  • Register the company as a Limited Company
  • Increase the number of shareholders to 200
  • Then file for Nidhi License to ROC

Client Testimonials

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What people are saying about our services.

Wonderful experience and a very professional bunch of people. I extremely happy for their support and timely guidance ..keep the good work rolling!

gulshan anand singh

KDS is really a Smart & Highly Professional Organization. The most important thing is that you don't ever have to remind them of what needs to be done!

Upendra Singh

I have done my company Registration and post compliance formalities though this firm and I am very pleased with the services.

Santosh

Really it was good experience, company registration done in 10 days and cost is also efficient less compared to others.

Gaurav Kumar

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Frequently Asked Questions

how many people are required to register a Nidhi company?

A minimum of 3 directors and 7 shareholders are required to register a Nidhi company in India.

What are the requirements to be a Director?

The Director needs to be over 18 years of age and must be a natural person.

is an office required to start a Nidhi Company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

how long it will take to incorporate a Nidhi Company?

kdsconsultant.com can incorporate a Nidhi Company for 20-30 days. The time taken for registration will depend on the submission of relevant documents by the client and the speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.