🏦 Nidhi Company Registration in India: A Complete Guide for Aspiring Entrepreneurs
📘 What Is a Nidhi Company?
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) recognized under Section 406 of the Companies Act, 2013. Its core objective is to promote savings and thrift among its members, enabling them to lend and borrow money within the group at reasonable interest rates.
Unlike other NBFCs, Nidhi Companies are mutual benefit societies, meaning they operate solely for the benefit of their members and cannot deal with the general public.
🧩 Key Features of a Nidhi Company
• ✅ Registered under the Companies Act, 2013
• ✅ Minimum of 7 members and 3 directors required
• ✅ Must use “Nidhi Limited” in its name
• ✅ Cannot issue preference shares
• ✅ Restricted to member-only transactions
• ✅ Regulated by Ministry of Corporate Affairs (MCA), not RBI
📋 Eligibility Criteria for Registration
To register a Nidhi Company, the following conditions must be met:
🛠️ Step-by-Step Registration Process
At GST Suvidha Centre, we simplify the entire process with automation and expert guidance:
1. Digital Signature Certificate (DSC)
Required for all proposed directors to sign documents electronically.
2. Director Identification Number (DIN)
Unique ID issued by MCA for each director.
3. Name Reservation
Apply through RUN (Reserve Unique Name) portal.
4. Drafting MOA & AOA
Memorandum and Articles of Association define the company’s purpose and rules.
5. Filing SPICe+ Form
Integrated form for company incorporation submitted to MCA.
6. PAN & TAN Application
Mandatory for tax compliance and banking operations.
7. Certificate of Incorporation
Issued by MCA upon successful verification.
📊 Post-Incorporation Compliance
Once registered, a Nidhi Company must adhere to:
• Filing annual returns and financial statements
• Maintaining a minimum of 200 members within one year
• Ensuring Net Owned Funds to Deposits ratio is 1:20
• Restricting loans and deposits to members only
• Avoiding advertising for public deposits
🚀 Why Register Through GST Suvidha Centre?
GST Suvidha Centre offers a tech-enabled, frictionless experience for entrepreneurs:
• 🕒 Fast Turnaround Time
• 📑 Transparent Documentation
• 🧠 Expert Legal & Financial Guidance
• 🌐 Nationwide Digital Access
• 🔄 End-to-End Compliance Support
Whether you’re launching your first financial venture or expanding your portfolio, our platform ensures accuracy, professionalism, and peace of mind.
