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Nidhi Company
Registration

Nidhi Company Registration


A Nidhi Company is a non-banking financial entity in India, governed by Section 406 of the Companies Act 2013 and regulated by the Nidhi Rules 2014. It doesn't require RBI approval for registration. Within a year, it should have at least 200 members and commence operations with a minimum capital of Rs. 5 lakh, 7 members, and 3 directors. Nidhi Companies facilitate lending and borrowing among members. Registered as a public company, it must use 'Nidhi Company' as a suffix. However, they cannot engage in chit funds, insurance, or securities business.

Documents Required For Nidhi Company Registration


  • Aadhaar card
  • Director's PAN card
  • Rental or sales deed
  • No objection certificate (NOC)

These documents are necessary for the process.

Pre-requisition of Nidhi company registration


  • At least 7 shareholders and 3 directors are needed.
  • Directors must have DIN.
  • Minimum paid-up capital should be Rs. 5 lakh.
  • Minimum membership requirement is 200.
  • Net owned funds should be Rs. 10 lakh or more.
  • The company name must include 'Nidhi Company'.
  • Preference shares cannot be issued.

Procedure to register


Step 1: Name approval

The Nidhi Company's name needs Central Government authorization, done via non-STP. Check for the name's availability on the MCA portal.

Step 2: Obtain DSC and DIN

Apply for and acquire Digital Signature Certificate (DSC) and Director Identification Number (DIN).

Step 3: MOA and AOA

Draft the Memorandum of Association (MOA) and Articles of Association (AOA) incorporating the Nidhi Company's charitable objective.

Step 4: File Nidhi Company agreement

Nidhi Company registration takes 15-20 days. Upon certification, the Corporate Identification Number (CIN) is issued.

FAQ


  • This is an exclusive office managed by its members, ensuring no external involvement.
  • We guarantee secure investments for members.
  • Our loans come with minimal interest rates and paperwork.

Individuals above 18 years old can join the Nidhi Company. All they need is valid address and identity proof.

Nidhi companies can offer loans to members who provide collateral such as gold, silver, and other financial securities.

The Nidhi Company's equity shares must have a nominal value of at least ten rupees each. It will issue shares only if their value is less than ten rupees each.

Nidhi software is an innovative, cloud-based platform ensuring secure business management. It facilitates debit cards, IFSC, utility payments, and much more from your savings.

A Nidhi company registered under the Companies Act 2013 operates as a public company.

Yes. The Nidhi Company's Director must own shares within the company.