Nidhi Company

A Nidhi Company is a type of Non Banking Financial Company. Section 406 of the Companies Act, 2013 provides for the provisions related to governing of a Nidhi Company. Similar to a Bank, the core business activity of a Nidhi Company is to borrow money from it’s members and lend money to it’s other willing members. A Nidhi company cannot borrow and lend to individuals who are not it’s members. Nidhi Companies are also called as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. A Nidhi Company does not require RBI approval or permissions as in case of other Non-banking Financial Companies. However, at all times it has to follow and comply with the provisions and guidelines of Companies Act, 2103 as well as Notification and guidelines issues by Reserve bank of India from time to time.  Nidhi Rules, 2014 provide for the rules to be followed by a Nidhi Company. A Nidhi Company once incorporated, shall ensure to have at least 200 members within 1 year from it’s incorporation.

Who can Form?

5 or more major individuals.


Documents Required




What All it includes

  • Passport size photographs.
  • Pancard.
  • ID Proof : Adhar Card / Driving License / Voter ID Card / Passport.
  • Address Proof : Bank Statement / Electricity Bill/ Telephone Bill.
  • Electricity Bill of the proposed Registered Office.
  • Rent Deed/ Lease Deed / NOC of Owner of the Registered Office premises.
  • Pancard and ID proofs are to be submitted with Bankers attestation as well as a self attested.
  • Limited Liability
  • Perpetual Succession
  • Transferable Shares
  • Separate Property
  • Capacity to sue
  • Flexibility and autonomy
  • Preferred by banks for loan considerations.
  • Can have up to 200 members.

20-25 Days.

 19,999/- ( All inclusive )

Additional Amount payable for the states of Punjab, Madhya Pradesh and Kerala.

  • 7 DSC
  • 3 DIN
  • Name Approval
  • Preparations of MOA/ AOA and other documents.
  • Govt Fee and Stamp Duty
  • PAN
  • TAN
  • Certificate of Incorporation