Nidhi Company Registration

Nidhi Company is the most popular system for providing loans and to accept deposits from its members. It is also called mutual benefit Company. For Providing Loans and Accepting Deposits you have to register Nidhi Company with the Capital of 10 Lakh and need to maintain the prescribed Net Owned Fund. You can lend money and accept deposit from its members as per rules.

Nidhi Company will always be public limited company and its name should end with ‘Nidhi Limited”, Presently Nidhi Company is becoming very popular for lending business. You don't need prior experience to start it, our team will guide you step by step under Ozg Startup Program. 

Nidhi Company is governed by the Provisions of Companies Act, 2013 and Nidhi Rules, 2014 

Nidhi Company Registration Procedure:

  • Obtaining DSC for All the members and Directors
  • Application for Approval of name
  • Preparation and Drafting of Incorporation documents
  • Signing of Incorporation Documents
  • Application for Incorporation of Nidhi Company with ROC
  • Approval by ROC, after verifying all  the required documents and information.

Nidhi Company Requirements:

1. Required Minimum 3 Directors and 7 Shareholders
2. Can Accept Deposits only from its members
3. Body Corporate and Benefit of Limited Liability
4. Can Land Money to its Members only
5. Can Provide Locker Facility to its members
6. Required to have Minimum 200 members within one Year
7. Best suited for Small lending and deposit Business
8. Minimum Capital Rs. 5 Lakh at the time of Incorporation and Thereafter required to have Rs. 10 Lakh.

Documents Required

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors /members
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for registered office