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Business Registration

Nidhi Company Registration

Build a member-owned savings and lending institution. A Nidhi Company accepts deposits from and lends only to its members — no RBI licence required — and we set it up compliantly from day one.

Talk to an Expert Get Started
No RBI Licence Needed 20–30 Working Days Member-Only Banking
7 Founding Members Onboard
Incorporated as Nidhi Limited
Member Deposits & Loans Begin
NDH-4 Declaration Filed!
Quick Overview

Understand It in 30 Seconds

What is a Nidhi Company?

A public company under Section 406 of the Companies Act and the Nidhi Rules, formed to cultivate thrift among members. It accepts deposits from and lends only to its own members — a mutual-benefit institution.

Who should register one?

Community groups, chit-fund-style savings circles wanting a legal structure, and entrepreneurs building local finance businesses around secured member lending.

Why choose this structure?

It is the most accessible way to run a deposit-and-loan business legally: no RBI licence, lighter regulation than an NBFC, and a trusted savings vehicle for your community.

Key Benefits

Why Founders Choose a Nidhi Company

No RBI Licence

Nidhis are exempt from RBI registration — governed instead by MCA's Nidhi Rules.

Legal Deposit-Taking

Accept recurring, fixed and savings deposits from members lawfully.

Secured Member Lending

Lend to members against gold, property and deposits at regulated rates.

Community Trust

A registered "Nidhi Limited" builds far more confidence than informal circles.

Limited Liability

Shareholders' personal assets remain protected.

Scalable Model

Open branches as you grow, subject to profitability conditions under the rules.

Eligibility

Who Can Register?

7 Members, 3 Directors

Incorporates as a public limited company with at least seven shareholders and three directors.

₹10 Lakh Paid-Up Capital

The minimum equity share capital prescribed by the Nidhi Rules.

Growth Targets

Reach 200 members and ₹20 lakh net owned funds within the prescribed period.

"Nidhi Limited" Name

The company name must end with the words Nidhi Limited.

Declaration as a Nidhi via Form NDH-4 is mandatory — we prepare your company to meet the thresholds and file it.
Documents Required

Keep These Ready

PAN Card
of all directors & members
Aadhaar Card
of all directors & members
Identity Proof
passport, voter ID or driving licence
Address Proof
recent bank statement or utility bill
Passport-Size Photos
of all directors
Office Address Proof
rent agreement or ownership document
Office Utility Bill
electricity / water bill (≤ 2 months old)
Owner NOC
if the office premises are rented
How It Works

Registration in 5 Simple Steps

Typical timeline: 20–30 working days for incorporation; NDH-4 follows once thresholds are met

01

Free Consultation

We explain the Nidhi model, restrictions and capital planning.

02

Documents & DSC

KYC of seven members collected; digital signatures issued to directors.

03

Name Approval

Your "… Nidhi Limited" name is reserved through SPICe+ Part A.

04

Incorporation Filing

SPICe+ Part B with Nidhi-compliant MOA & AOA is filed with the ROC.

05

Launch & NDH-4

Company incorporated; we guide member growth and file the NDH-4 declaration.

Why Allied Business

Registration, Minus the Headache

Experienced Professionals

Chartered Accountants & Company Secretaries handle your filing.

Transparent Pricing

One fixed fee agreed upfront — no hidden charges, ever.

Fast Processing

Same-day document processing and proactive follow-ups.

Expert Support

A dedicated expert answers your questions at every step.

End-to-End Assistance

From application to post-registration compliance calendar.

Get a Free Consultation

Speak to a registration expert — free, no obligations.

Request a Callback +91 7300070618

Frequently Asked Questions

No. Nidhis are exempt from RBI registration. They are regulated by the MCA under the Nidhi Rules, which cap what they can and cannot do.

Only its members. The company cannot accept deposits from or lend to the general public — anyone dealing with it must first be admitted as a member.

Reach at least 200 members and ₹20 lakh net owned funds, keep the NOF-to-deposit ratio within 1:20, park 10% of deposits in unencumbered term deposits, and file the NDH-4 declaration along with periodic NDH returns.

Only secured loans to members — against gold and silver, immovable property, deposits, NSCs and similar securities, within the loan limits linked to deposit size.

Chit funds, hire purchase, leasing, insurance, securities business, unsecured lending, partnering for lending, advertising for deposits from the public, and paying brokerage for deposits.

Yes — after three consecutive years of net profit, branches can be opened within the district, and beyond it with Regional Director approval.

A minimum paid-up equity capital of ₹10 lakh at incorporation, building to ₹20 lakh net owned funds within the prescribed timeline.

The Nidhi Rules cap deposit interest at NBFC-linked ceilings and cap the margin on loans, keeping the model genuinely mutual rather than commercial money-lending.

Ready to Start Your Nidhi Company?

Turn community savings into a regulated, trusted institution.

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