Nidhi Limited Registration
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Nidhi Limited Company
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) governed by Section 406 of the Companies Act, 2013, and the Companies (Nidhi Companies) Rules, 2014. It is primarily formed to encourage savings among its members and facilitate mutual borrowing and lending. Unlike other NBFCs, it does not require a license from the Reserve Bank of India (RBI), making it easier to incorporate. Registered as a public company, it must include “Nidhi Limited” in its name. Since its financial activities are restricted to its members, RBI grants certain exemptions, allowing it to operate with fewer regulatory burdens. The interest rates on loans are kept reasonable, and all loans are provided strictly against secured assets.
Nidhi Companies are prohibited from dealing in chit funds, hire-purchase financing, leasing, insurance, or securities trading. They cannot accept deposits or lend money to non-members, ensuring their operations remain within a closed network. Additionally, they are not allowed to advertise or solicit deposits from the public, maintaining a regulated and member-exclusive financial structure. By fostering savings and offering secured loans, Nidhi Companies serve as a reliable financial institution for small-scale borrowing and investment within a trusted community.


Procedure for Company Formation
Simple Easy Process












Documentation
Filing Application
Deed Drafting
Verification
Uploading forms
Get Certificates


Name Reservation
The first step in registering a Nidhi Limited Company is reserving a unique name through the RUN (Reserve Unique Name) service on the MCA portal. The selected name must comply with MCA guidelines and should not be identical or similar to an existing company or trademark. Additionally, the name must include “Nidhi Limited” as its last words. Once approved, the name remains reserved for 20 days, within which the incorporation process must be completed.
Filing SPICe+ Form
The SPICe+ (INC-32) form is a simplified online application that streamlines the registration of a Nidhi Company. It covers multiple services, including name reservation, incorporation, Director Identification Number (DIN) allotment, PAN, TAN, EPFO, ESIC, and GSTIN registration. To complete the filing, Digital Signature Certificates (DSC) for directors and necessary supporting documents, such as registered office proof and declarations, must be submitted.
Drafting of MOA & AOA
The Memorandum of Association (MOA) and Articles of Association (AOA) are key documents in the registration of a Nidhi Limited Company. The MOA defines the company's objectives, which must align with mutual benefit and financial assistance among members. The AOA specifies the internal rules and governance structure. These documents must be carefully drafted and electronically submitted along with the SPICe+ form to ensure compliance with the Companies Act, 2013.
Know more about NIDHI Company
Benefits Nidhi Limited Company
Nidhi Companies operate under the Nidhi Rules, 2014, and are regulated by the Central Government, which oversees their activities and operations. Unlike other financial institutions, they have minimal regulatory requirements from the Reserve Bank of India (RBI), allowing them to function with greater flexibility while maintaining compliance with government rules.










A Nidhi Company is one of the safest, most efficient, and simplest ways to accept deposits from the public. The only requirement is that individuals must first become registered members, ensuring that all financial transactions are conducted within a secure and regulated framework.
A Nidhi Company is a separate legal entity, meaning it has its own identity distinct from its members. It can acquire assets, own property, enter into contracts, and incur debts in its own name, ensuring limited liability for its members.
The directors and shareholders of a Nidhi Company enjoy limited liability, meaning their personal assets remain protected. They are only liable for the amount they have invested in the company and are not responsible for its debts beyond their shareholding.
A Nidhi Company does not require any license from the Reserve Bank of India (RBI). It only needs to be incorporated as a Public Limited Company under
Documents Required


Identity proof of Partner
Address proof of Partner
Photograph of Partner
Contact details of Partner
Utility bill of business place
Certificates You will get!


Partnership PAN
Partnership TAN
Partnership Deed
GST Certificate
Current Account
Our Authorised Partners


























Our Work Process












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