Business Setup
Nidhi Company Registration
For micro-finance and mutual benefit societies that accept deposits from and lend to their members.
Overview
A Nidhi Company is a type of NBFC (Non-Banking Financial Company) that operates on the principle of mutual benefit. It accepts deposits from its members and provides loans to them.
Regulated under the Companies Act and Nidhi Rules, these companies work within a member-only framework without requiring RBI licensing.
Key Benefits
- No RBI license required
- Can accept deposits and provide loans to members
- Operates on mutual benefit principle
- Governed under Companies Act with specific Nidhi Rules
- Suitable for community-based financial operations
Documents Required
- Minimum 7 shareholders and 3 directors
- Minimum paid-up capital of Rs. 5 lakhs (or as prescribed)
- PAN, Aadhaar and KYC of all directors/shareholders
- Registered office proof
Process
- Feasibility and compliance advisory
- Name reservation
- Capital structure planning
- SPICe+ incorporation filing
- Nidhi Rules compliance setup
- Post-incorporation member management guidance
Timeline
Typically 15–25 working days.
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