A Nidhi company is a mutual benefit company that accepts deposits from and lends only to its own members. It is the most accessible way to run a regulated savings and credit business in India because it does not require an RBI license.
Krishna TaxNova handles the complete setup: incorporation as a public limited company, Nidhi specific compliance and the mandatory member and fund milestones in the first year.
What is Nidhi Company Registration?
Nidhi companies are governed by section 406 of the Companies Act, 2013 and the Nidhi Rules, 2014. The company is incorporated as a public limited company with at least seven members and three directors, and must reach two hundred members and a net owned fund of twenty lakh rupees within stipulated timelines, followed by a declaration through form NDH-4.
Who Should Apply for Nidhi Company Registration?
- Entrepreneurs who want to run a community savings and lending business
- Groups running informal chit or credit circles that want a legal structure
- Promoters looking for a finance business without RBI licensing
- Community organisations promoting thrift among members
Benefits of Nidhi Company Registration
No RBI License Needed
Nidhi companies are exempt from RBI registration, which lowers the entry barrier for a lending business.
Member Based Safety
Business is restricted to members, which limits exposure and keeps operations manageable.
High Trust Structure
Regulated status under the Companies Act builds depositor confidence.
Low Capital Entry
Start with ten lakh rupees of equity capital and grow the fund with the business.
Simple Lending Model
Loans are secured against gold, property or deposits, keeping default risk low.
Documents Required for Nidhi Company Registration
Keep these documents ready. You can upload them using the form on this page or send them to us on WhatsApp.
- PAN and Aadhaar cards of all directors and members
- Photographs of directors
- Identity and address proof of all subscribers
- Registered office proof: utility bill and NOC from owner
- Proposed name with Nidhi Limited as suffix
- Capital structure and planned branch details
Step by Step Process for Nidhi Company Registration
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Step 1: Consultation
We explain Nidhi rules, milestones and restrictions so you start with a clear plan.
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Step 2: Incorporation
The company is incorporated as a public limited company with the Nidhi objects clause.
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Step 3: Post Incorporation Compliance
We set up statutory registers, deposit and loan policy documents and internal formats.
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Step 4: Member and Fund Milestones
We guide you to reach 200 members and the required net owned fund within the timeline.
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Step 5: NDH Filings
Our team files NDH-1, NDH-2 (if needed) and NDH-4 for declaration as a Nidhi company.
Nidhi Company Registration at a Glance
Estimated Timeline
15 to 20 working days for incorporation
Governing Authority
Ministry of Corporate Affairs (MCA)
Validity
Lifetime, subject to Nidhi Rules compliance and annual filings
Government Fees
Government fees depend on authorised capital; minimum equity capital is 10 lakh rupees
Why Choose Krishna TaxNova for Nidhi Company Registration?
Nidhi rules changed significantly in recent years and many consultants still follow old procedures. Our team keeps your structure aligned with the current Nidhi (Amendment) Rules so your NDH-4 approval is not rejected.
CA Led Team in Delhi
Your work is handled by a qualified Chartered Accountant team, not a call center. You get correct advice the first time.
Upload Documents Online
Share everything from your phone or laptop. Use the secure upload form on this page or simply WhatsApp us your documents.
Transparent Pricing
You approve a clear quote before we start. No hidden charges at any stage.
End to End Support
From document collection to final approval and post registration compliance, one team stays with you throughout.
Nidhi Company Registration: Frequently Asked Questions
Can a Nidhi company deal with the public?
No. A Nidhi company can accept deposits from and lend only to its registered members. Dealing with non members is a serious violation that can lead to penalties and closure.
What loans can a Nidhi company give?
Loans are given against security such as gold, silver, property or the member's own deposits. Unsecured lending and microfinance style operations are not permitted.
What is NDH-4 and why does it matter?
NDH-4 is the application for official declaration as a Nidhi company. Without this approval the company cannot legally operate as a Nidhi, so meeting the member and fund milestones on time is critical.
How many branches can a Nidhi company open?
After three years of profitable operation, a Nidhi can open up to three branches within its district. Further expansion needs regulatory approval, which we help you plan.
How long does Nidhi Company Registration take?
In most cases the work is completed in 15 to 20 working days for incorporation. The exact time depends on how quickly documents are shared and on processing time at the department. We keep you updated at every stage.
What documents are needed for Nidhi Company Registration?
The key documents include pan and aadhaar cards of all directors and members, photographs of directors, identity and address proof of all subscribers, registered office proof: utility bill and noc from owner. Our team shares a simple checklist after the first call so nothing is missed.
Can I complete Nidhi Company Registration fully online?
Yes. The entire process is online. Fill the form on this page, upload your documents or WhatsApp them to us, and our experts handle the filings. You do not need to visit any office.
Which authority handles Nidhi Company Registration?
Nidhi Company Registration falls under Ministry of Corporate Affairs (MCA). Krishna TaxNova prepares and files your application in the required format and responds to any queries raised by the department.
What is the validity of Nidhi Company Registration?
The validity is lifetime, subject to Nidhi Rules compliance and annual filings. We send renewal and compliance reminders in advance so you never miss a due date.
Do you provide Nidhi Company Registration outside Delhi?
Yes. We are based in Delhi and serve clients across India. Since the process is fully online, your location does not matter. Documents can be shared through the website or WhatsApp.
Get Nidhi Company Registration Done by Experts
Fill in your details, upload your documents online or send them on WhatsApp. A qualified CA will review your case and call you back with the exact steps and a fixed quote.