Nidhi Company
A Nidhi Company is a type of non-banking financial company (NBFC) incorporated under Section 406 of the Companies Act, 2013, with the primary objective of promoting savings among its members and facilitating mutual benefits. These companies are governed by the Ministry of Corporate Affairs (MCA) and regulated by Nidhi Rules, 2014. Nidhi Companies focus on accepting deposits and lending money to their members, ensuring low-risk financial operations.
They cannot engage in speculative activities or provide services to non-members. Registration as a Nidhi Company requires at least 200 members within one year of incorporation, along with meeting the prescribed minimum net-owned fund and deposit ratio. This structure is ideal for those looking to build a community-driven financial organization. Nidhi Companies are particularly popular in rural and semi-urban areas, fostering financial inclusion and self-reliance.
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Our Process for Nidhi Company Registration
Step 1
Initial Form Submission
Begin the process by completing a simple form to provide the required basic details.
Step 2
Expert Consultation
Engage in a detailed discussion with our experts to assess your business's nature and operational scale.
Step 3
Documentation Preparation
Our professional team will draft and finalize all essential documents, including the Memorandum of Association (MOA), Articles of Association (AOA), and other necessary legal papers.
Step 4
MCA Compliance and Incorporation
The final stage involves completing all Ministry of Corporate Affairs (MCA) formalities to officially incorporate your company.
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FAQ'S
A Nidhi Company is a type of NBFC that promotes savings and facilitates mutual financial benefits exclusively among its members.
Key benefits include ease of formation, low operational risk, exemption from certain RBI regulations, and a focus on community-driven financial services.
Registration requires incorporation as a public limited company with the MCA, submission of the memorandum and articles of association, and adherence to Nidhi Rules, 2014.
No, Nidhi Companies can only accept deposits from and lend money to their registered members.
Individuals or groups looking to promote financial inclusion and mutual benefits within a community should consider forming a Nidhi Company.
