Nidhi Company Registration
Start your member-based lending business — Nidhi company incorporation with complete NDH compliance roadmap.
- No RBI Licence Needed
- Low Capital Entry
- Member-Only Safety
What is Nidhi Company Registration?
A Nidhi Company is a special class of NBFC that borrows from and lends only to its members, promoting savings within a mutual-benefit community. Recognised under Section 406 of the Companies Act, 2013 and the Nidhi Rules, 2014, it requires no RBI licence — making it the most accessible structure for community finance businesses.
Taxwapsi incorporates your Nidhi as a public limited company with the required minimum of 3 directors and 7 shareholders, drafts compliant MOA/AOA with the mutual-benefit object, and files SPICe+ with the ROC.
Post-incorporation rules are strict: within 120 days you need at least 200 members and Net Owned Funds of ₹10 lakh, with NDH-4 filed for Nidhi status declaration. We give you a complete compliance roadmap — branch rules, deposit/loan limits, NDH-1/NDH-3 filings — so your Nidhi operates safely.
Expert Pro Tip
Plan your first 200 members before incorporation — failing the 200-member / ₹10 lakh NOF milestone within 120 days is the single biggest reason new Nidhi companies face rejection of NDH-4.
Choose Your Package
Transparent pricing — professional fee shown, government fees extra where noted.
Starter
Complete Nidhi Limited incorporation.
+ Govt. Fee
Get StartedWhat you'll get
- DSC for 3 directors
- Name reservation (Nidhi Limited)
- MOA/AOA with mutual-benefit objects
- SPICe+ incorporation filing
- COI + PAN + TAN
- Compliance roadmap document
Standard
Incorporation + NDH-4 declaration support.
+ Govt. Fee
Get StartedWhat you'll get
- Everything in Starter
- Member register & onboarding templates
- Deposit & loan policy drafts
- NDH-4 preparation and filing
- GST registration included
- Priority expert support
Pro
Full first-year Nidhi compliance retainer.
+ Govt. Fee
Get StartedWhat you'll get
- Everything in Standard
- NDH-1 + NDH-3 filings (1 year)
- AOC-4 + MGT-7 annual filing
- Statutory audit coordination
- ITR-6 filing
- Dedicated Nidhi compliance manager
* Timelines depend on government processing. T&C apply.
Compare Business Structures
Not sure which structure fits? Compare before you decide — or ask our expert for free.
| Comparison | Pvt Ltd | OPC | LLP | Partnership | Proprietorship |
|---|---|---|---|---|---|
| Governing Act | Companies Act, 2013 | Companies Act, 2013 | LLP Act, 2008 | Partnership Act, 1932 | No specific Act |
| Members | 2 – 200 | Only 1 | 2 – Unlimited | 2 – 50 | Only 1 |
| Directors / Partners | 2 – 15 | 1 – 15 | 2 – Unlimited | 2 – 50 | Only 1 |
| Separate Legal Entity | |||||
| Limited Liability | |||||
| Statutory Audit | Mandatory | Mandatory | Above thresholds | Not mandatory | Not mandatory |
| Ownership Transfer | |||||
| Perpetual Existence | |||||
| Foreign Investment (FDI) | Allowed | Not allowed | Allowed | Not allowed | Not allowed |
| Fundraising from Investors | Easiest | Limited | Limited | Difficult | Difficult |
| Compliance Burden | High | Moderate | Moderate | Low | Lowest |
| Registration Mandatory | Optional | No |
Benefits of Nidhi Company Registration
No RBI Licence Needed
Operate a deposit-and-loan business among members without RBI registration — governed by MCA under Nidhi Rules.
Low Capital Entry
Start with ₹10 lakh equity capital — far below NBFC requirements of ₹2 crore.
Member-Only Safety
Dealing only with members limits risk and regulatory exposure while building community trust.
Limited Liability
Shareholders’ personal assets stay protected — liability limited to shareholding.
Secured Lending Model
Loans against gold, property and deposits with caps defined by Nidhi Rules — an inherently safer lending book.
Scalable Branch Network
Open up to 3 branches within your district after 3 years of profitable operation, and more with approval.
How It Works — Step by Step
- 1
Consultation & Structure PlanningDay 1–2
We verify promoter eligibility, capital plan and the 200-member roadmap.
- 2
DSC for DirectorsDay 3–4
Class 3 DSCs for all 3 (minimum) directors.
- 3
Name ReservationDay 5–7
Name ending with “Nidhi Limited” reserved via SPICe+ Part A.
- 4
MOA/AOA & SPICe+ FilingDay 8–13
Mutual-benefit objects drafted; incorporation filed with 7 subscribers and ₹10 lakh minimum capital.
- 5
COI + PAN + TANDay 14–17
Certificate of Incorporation issued — your Nidhi Limited is born.
- 6
Post-Incorporation Compliance RoadmapDay 18–20
Member onboarding plan, NOF structuring, NDH-4 declaration filing guidance and deposit/loan policy templates.
DSC (Digital Signature Certificate) is mandatory for this service
- Already have a valid Class 3 DSC? Perfect — no extra cost, we use yours.
- Don't have one? Order it through Taxwapsi and get up to 38% OFF — we are an authorised business partner of certificate.digital (Capricorn CA), a licensed Certifying Authority.
Documents Required
Prepare your documents in the order below — start with Document 1 and move down the list.
Directors & Shareholders Documents
- 1
PAN Card (All 7 Subscribers)Required
PAN of all directors and shareholders.
- 2
Aadhaar CardRequired
Aadhaar of all subscribers.
- 3
Address ProofRequired
Bank statement/utility bill, not older than 2 months.
- 4
Passport-size PhotographsRequired
Recent photos of all subscribers.
Office & Capital Documents
- 5
Registered Office Proof + NOCRequired
Utility bill and owner NOC for the registered office.
- 6
Capital Structure DetailsRequired
Minimum ₹10 lakh equity capital plan among 7+ shareholders.
Frequently Asked Questions
What is the minimum requirement to start a Nidhi company?
3 directors, 7 shareholders and ₹10 lakh minimum paid-up equity capital (per Nidhi (Amendment) Rules, 2022). The name must end with “Nidhi Limited”.
What must be achieved within 120 days of incorporation?
At least 200 members and Net Owned Funds of ₹10 lakh, with an NOF-to-deposit ratio not exceeding 1:20. NDH-4 must be filed for declaration as a Nidhi — operations cannot properly scale without it.
Can a Nidhi company accept deposits from the public?
No — only from its members. It can accept fixed, recurring and savings deposits from members, capped at 20 times its Net Owned Funds.
What loans can a Nidhi company give?
Member loans against gold/silver (up to 50% of value), property, FDs, NSC and insurance policies — with ceilings linked to deposit size (e.g. ₹2 lakh loans where deposits are under ₹2 crore). Unsecured/microfinance lending is not permitted.
Is RBI approval required?
No licence is required; Nidhi companies are exempt from core NBFC registration. RBI only prescribes deposit-acceptance norms, while the MCA regulates them via Nidhi Rules, 2014.
What are the ongoing compliances?
NDH-1 (annual return of members/deposits), NDH-3 (half-yearly return), AOC-4, MGT-7, statutory audit, ITR-6, plus continuous adherence to member, NOF and deposit-ratio norms.
Can a Nidhi company open branches?
After 3 consecutive profitable years, up to 3 branches within the same district; more branches or other districts need Regional Director approval — and only after NDH-4 approval.
How long does registration take?
Incorporation typically takes 2–3 weeks. Becoming a fully compliant operating Nidhi (200 members, NOF, NDH-4) is a 4–6 month journey — our roadmap keeps you on schedule.
What Our Clients Say
4.6/5(2,000+ reviews)My Pvt Ltd was registered in 12 days flat. Every step explained, pricing exactly as quoted, and the post-incorporation kit covered everything. Highly recommended.
They rescued our LLP from two years of pending filings, computed everything correctly and set up a calendar so we never default again.
Section 8 registration plus 12A and 80G — done end to end. We received our first CSR grant within months of starting.
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