Startup Counter


Nidhi Company is a type of NBFC Company which lend and borrows money from its members. Nidhi Company inculcate the habits of saving money among its members. This Company shall have the word ” Nidhi Limited” as its last words. This Company is always a Public Company. We at 1Stop.in helps our Clients to register the Nidhi Company with expediet process .

startup image


A Nidhi Company is one that belongs to the category of Non Banking Financial Company(NBFC) and is recognized under section 406 of the Companies Act 2013.Their core business is borrowing and lending money between their members. They are also known as Mutual Benefit, Permanent Fund, Benefit Funds, Mutual Benefit Funds Company. This Company shall have the word " Nidhi Limited" as its last words and is always a Public Company.





Our Packages for Nidhi Company



All Inclusive Fees



All Inclusive Fees



All Inclusive Fees


Procedure of Nidhi Company

Step - 1 : KYC of all Directors. Minimum 7 members and 3 Directors required, members and directors can be same.


Step - 2 : DSCs of directors, who supposed to sing all required forms, is a basic requirement.


Step - 3 : Application for name approval in RUN.


Step - 4 :Once the name is approved the application for incorporation is submitted in spice form along with MOA & AOA.

registration form

Step - 5 : CPAN and TAN applications can be done along with Nidhi Company Registration as it is included in the SPICe Form.


Most frequent questions and answers

Following provisions are applicable to Nidhi Companies.
1.As they are incorporated into the nature of Public Company so rules and regulations of Companies Act, 2013 are applicable.
2.RBI provisions related to Interest rate payable on deposit are applicable to Nidhi Companies. But the core provisions of RBI are not applicable to Nidhi Companies as RBI has exempted the Nidhi Companies from the same.
3.Nidhi Rules, 2014 of Companies Act is also applicable to Nidhi Companies.

As to incorporate a Nidhi Company it is to be registered as a Public Limited Company. So, to incorporate a Nidhi Company it is necessary to fulfill following criteria:
1.It should have at least 3 Directors.
2.It should have at least 7 Members.
3.The main objective to be written in the MOA should be to cultivate the habit of thrift and savings among its members. And it can accept deposits and lend money only to its members and shall work for the mutual benefit of its members.

Yes, the Deposits with such companies are safe and secure because the Ministry of Corporate Affairs and Reserve Bank of India has framed rules and regulations to ensure the safety and security of Deposits. And the Nidhi Company compulsorily abide by the rules of Central Government.

Any person who is above 18 years of age as per the standard age proof can become a member of the Nidhi Companies. The person desirous of becoming a member should have valid ID Proof and Address Proof.

Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewelry or any type of financial securities against the loan.

Within a period of one year of incorporation, the Nidhi Company has to ensure the following compliances:  1. Minimum 200 members
2. Net owned funds (“NOF”) of at least Rs. 10 lakhs. (Net owned fund means the aggregate of paid up equity share capital and free reserves as reduced by accumulated losses and intangible assets appearing in the last audited balance sheet)<br>
3. Ratio of NOF to deposits of not more than 1:20.
Unencumbered term deposits of not less than 10% of the outstanding deposits (shall be discussed later in this article).

Request Quotation/Call Back From Startup Specialist