Nidhi Company Registration
A Nidhi company lets members save and borrow among themselves — a mutual-benefit finance structure. We incorporate it and guide you through the strict member, capital and NDH compliance that follows.
Starts at
Custom
+ GST | government fees, stamp duty, DSC, PAN/TAN and state charges vary and are extra
Timeline
Typically 2–4 weeks (plus post-incorporation milestones)
Documents
Members' & directors' KYC
Mutual-benefit finance
Min 7 members, 3 directors
Member-only deposits/loans
Strict NDH compliance
Pricing
Nidhi company setup
Nidhi companies have strict capital, membership and compliance rules. We incorporate and guide you through the NDH milestones.
Incorporation
Set up the Nidhi
+ GST | government fees, stamp duty, DSC, PAN/TAN and state charges vary and are extra
- SPICe+ incorporation
- Nidhi objects & rules
- DSC & DIN for directors
- Post-incorporation guidance
Prices are professional fees and indicative. Government fees, stamp duty, DSC, PAN/TAN, state charges and third-party costs are extra and may change. A final engagement summary separates each component before payment.
Overview
What is Nidhi Company Registration?
A Nidhi company is a type of NBFC that exists to cultivate savings among its members and lend only to its members — a mutual-benefit society in corporate form. It cannot deal with the public, only with members.
It has specific requirements: a minimum number of members and directors at incorporation, minimum equity capital, and strict post-incorporation milestones (such as reaching a minimum membership and net owned funds within a year, reported via NDH forms).
We incorporate the Nidhi and guide you through the demanding compliance that follows so you stay on the right side of the rules.
Is it for you?
Who needs it — and who doesn't
Recommended if
- Communities or groups wanting a member-only savings-and-loan structure
- Promoters of a mutual-benefit finance entity
- Local thrift and credit collectives wanting a regulated form
May not be needed if
- Anyone wanting to lend to or take deposits from the public (Nidhi is members-only)
- General businesses (a normal company fits better)
Benefits
Why it's worth doing right
Member-focused finance
A regulated structure for members to save and borrow among themselves.
Lower entry than other NBFCs
Nidhis face fewer RBI requirements than most NBFCs, within their members-only scope.
Eligibility
Eligibility & key conditions
- Minimum seven members and three directors at incorporation
- Minimum equity capital as prescribed
- Objects limited to cultivating savings and lending among members
Documents
Documents required
Members/directors (each)
- PAN, ID and address proof
- Photograph
- DSC for directors
Company
- Proposed names (must reflect Nidhi)
- Registered office proof + NOC
- Capital details
Process
A clear path from start to filed
Costs
Fees & cost breakdown
| Cost component | Indicative amount |
|---|---|
| Professional feeIncorporation + NDH guidance | Custom |
| Government feesMCA fees by capital | Capital-based |
| Stamp dutyOn MOA/AOA | State-wise |
Deliverables
What you receive on completion
After this filing
What you need to stay compliant next
Strict milestones
Within a year, a Nidhi must reach the minimum members and net owned funds and file NDH forms; ongoing rules limit deposits, loans and branches.
Avoid delays
Common mistakes & reasons for rejection
Common mistakes
- Not meeting the one-year membership/NOF milestones
- Dealing with non-members (not allowed)
- Underestimating the strict ongoing compliance
- Non-compliant name not reflecting Nidhi
AI-powered assistance
AI does the heavy lifting. Experts make the call.
AI assists with checks, drafting and explanations only. A qualified professional reviews every defined checkpoint and the final filing before submission. AI does not make consequential compliance decisions on its own.
Set up a mutual-benefit Nidhi
We incorporate your Nidhi company and guide you through the strict membership and NDH milestones.
Why MyFinancialAdvisory
A more accountable way to stay compliant
Quality & accountability
Reviewed by compliance experts
Every nidhi company registration engagement is prepared with structured checks and signed off by qualified professionals before anything is filed — speed without sacrificing accuracy.
Reviewed by
Reviewed by MyFinancialAdvisory Compliance Team
Company law & incorporation review
Our incorporation work is prepared with AI-assisted checks and reviewed by qualified professionals experienced in company law, MCA filings and post-incorporation compliance before anything is filed.
Structured document checks
Documents and eligibility follow structured checks before expert review.
Expert-reviewed before filing
A qualified professional signs off every defined checkpoint.
Compliance-safe guidance
Advice mapped to current rules — no shortcuts, no guesswork.
Resources
Related guides & reading
Private Limited Company Registration Process in India
Step-by-step from name to incorporation certificate.
Read morePost-Incorporation Compliance for a Private Limited Company
INC-20A, auditor, KYC and the first-year calendar.
Read morePrivate Limited Company Registration Fees and Cost
Professional fee, government fee and stamp duty, explained.
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FAQs
Nidhi Company Registration — frequently asked questions
What is a Nidhi company?
A type of NBFC formed to cultivate savings among its members and lend only to members — a mutual-benefit structure that cannot deal with the public.
How many members and directors are needed?
At least seven members and three directors at incorporation, with minimum equity capital as prescribed.
Can a Nidhi take deposits from the public?
No. A Nidhi deals only with its members — both for deposits and loans. Dealing with non-members breaches the rules.
What are the one-year milestones?
Within a year of incorporation, a Nidhi must typically reach a minimum number of members and a minimum net owned funds, reported through NDH forms.
Does a Nidhi need RBI registration?
Nidhis are regulated primarily under the Companies Act and Nidhi Rules, with lighter RBI requirements than most NBFCs, within their members-only scope.
How long does incorporation take?
Typically 2–4 weeks for incorporation; the membership and net-owned-funds milestones are met over the following year.
What ongoing limits apply?
There are rules on the deposit-to-NOF ratio, loan limits, dividend caps and branch expansion. We guide you to stay compliant.
What should the name include?
The name must reflect that it is a Nidhi company. We ensure the proposed name complies.
Is Nidhi right for me?
Only if you want a members-only savings-and-loan structure. For general business or public lending, other structures apply. We'll advise honestly.
Ready to get nidhi company registration done?
Start with a quick conversation. We’ll confirm scope, documents, fees and the next deadline.