Details

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) established to promote the habit of savings and thrift among its members. It operates by accepting deposits and providing loans exclusively to its members, functioning as a mutual benefit society under the regulatory framework of the Ministry of Corporate Affairs.

With strict compliance requirements and governance obligations, professional guidance is essential for seamless formation and lawful operations.

Key Features

• Member-to-member lending and deposit structure

• Lower operational risk compared to other NBFCs

• Strong regulatory oversight ensures transparency

• Encourages financial discipline and community savings

Our Services Include

• Name reservation and drafting of constitutional documents

• Preparation and filing of SPICE+ forms with MCA

• Guidance on minimum members and capital requirements

• Support for post-incorporation compliance including NDH filings

• Assistance in policy creation & record maintenance

Pre-Incorporation Requirements

• Minimum 7 Members

• Minimum 3 Directors

• Minimum paid-up capital: ₹10 Lakhs

• “Nidhi Limited” must be included in the company name

Documents Required

• PAN Cards of Members & Directors

• Identity & Address Proof

• Passport-size Photos

• Office Address Proof (Utility Bill, Rent Agreement, NOC)

Post-Incorporation Compliances

• Opening of branches after 3 years with conditions

• Filing NDH-1, NDH-2, NDH-3 as applicable

• Maintaining 1:20 ratio of Net Owned Funds to Deposits

• Minimum 200 members within 1 year

Deliverables

• Certificate of Incorporation

• PAN & TAN

• MoA & AoA

• Registration under Nidhi Rules, 2014

• Compliance guide for ongoing operations