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Nidhi Company Formation

Mutual benefit company to cultivate saving habits among members.

Requirements

  • Minimum 7 shareholders
  • Minimum 3 directors
  • Minimum ₹5 lakh paid-up capital
  • Must achieve 200 members within 1 year

Documents Required

  • PAN and Aadhaar of all promoters
  • Registered office proof
  • Initial capital contribution proof

Registration Process

1
Incorporate as Public Limited Company
2
Adopt Nidhi objectives in MOA
3
File with MCA
4
Apply for Nidhi Company status after 1 year
5
NDH-1 filing

Benefits

Exempt from most RBI regulations
Encourages savings among members
Can accept deposits from members
Low compliance cost
Tax benefits

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Quick Facts

Processing Time

30-45 working days

Govt. Fee (approx.)

₹5,000 – ₹15,000

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