Nidhi Company Registration

According to Section 406 of the Companies Act 2013, a Nidhi company signifies a non-banking micro-finance entity. This type of company requires a minimum of seven members, with at least three serving as directors. The company name must end with "Nidhi Limited." Nidhi companies, also known as permanent funds, benefit funds, or Mutual Fund Companies, exclusively engage with their shareholders. Their primary objective is to promote financial prudence and provide members with a reliable source of funds. Nidhi companies accept deposits and offer loans to members, ensuring their interests are safeguarded throughout the process.

Enrolling as a Nidhi company offers various benefits, including streamlined incorporation processes, cost-effective registration fees, and exemptions from specific Reserve Bank of India (RBI) regulations. This results in reduced compliance obligations and associated risks. Nidhi companies strive to promote savings by providing loans at interest rates lower than prevailing market standards. Moreover, they offer secure investment opportunities for individuals seeking reliable avenues to enhance their financial position.

As a leading legal consultant and partner, Sujata Associates excels in facilitating Nidhi company establishment. Our skilled professionals will adeptly guide and support you through the registration process, ensuring efficient management of all necessary documentation. We take pride in delivering trustworthy and credible Nidhi company registration services, along with a range of other corporate registration services. Rooted in our commitment to excellence, we strive to offer straightforward and streamlined procedures, solidifying our position as your top choice for initiating a Nidhi company and other corporate entities.

Why choose us

Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.
We are providing legal business solutions for more than 25 years now. We have gradually built our reputation and now Sujata Associates is one of the leading business registration firms in India.
We take our client's security as our top-most priority. Our privacy policy and payment gateways are secure and 100% trustworthy. That's why most of our work is repeat business. We guarantee you will come back!
We have an entire team of highly skilled Accountants, CAs, Lawyers, Cost Accountants, Ex-Bankers, and Financial Experts. So, we have the exact service you are looking for in your business and Sujata Associates is your one-stop solution for all sorts of your business legalities.
We have more than 1000+ satisfied clients all over India. We value our customers and we tried our best to deliver with integrity and efficiency. We ensure brands and names are seen and heard by the targeted customers. This turns our one-time clients into repeated ones. So, Check the testimonials!
Sujata Associates is more than business consulting firm. We aim to work side-by-side with our clients while providing all the necessary solutions for the business and its legalities. We are more like your legal partner you would love to have. Sujata Associates never hesitates to go the extra mile or few for their clients.

Documents Required for Nidhi Company formation

  • Pan Card of the Directors / Shareholders
  • Aadhaar Card / Voter Card / Passport of Directors / Shareholders
  • Individual copies of photo
  • Bank Statement First & Current Month Transaction Page of Directors / Shareholders
  • If rented then the Rent Agreement.
  • If Owned Tax Bill of the Premises
  • Electric Bill of the Premises.
  • NOC From the landlord, if rented

  • Un-encumbered term deposits. Every Nidhi shall invest and continue to keep invested, in unencumbered term deposits with a Scheduled commercial bank (other than a co-operative bank or a regional rural bank), or post office deposits in its own name an amount which shall not be less than ten percent of the deposits outstanding at the close of business on the last working day of the second preceding month.

    If the failure to comply with these rules, Nidhi shall not accept any further deposits from the commencement of the second financial year till it complies with the provisions contained in this rule, besides being liable for penal consequences as provided in the Act.

    Essential Registration