Set up a mutual benefit finance company for your community — accept deposits and lend only to members.
Register Nidhi — ₹9,999Accepts deposits from and lends only to its members — not the general public. Regulated under Section 406 of Companies Act 2013.
Minimum paid-up equity share capital of ₹10 lakh at incorporation. No preference shares allowed.
Must have minimum 200 members within 1 year from incorporation as per Nidhi Rules 2014.
NOF must be ₹20 lakh before applying for Nidhi declaration. NOF to deposits ratio: 1:20.
| Requirement | Threshold / Form | Deadline |
|---|---|---|
| Minimum members at incorporation | 7 members, 3 directors | At registration |
| Reach 200 members | NDH-4 declaration | Within 1 year |
| Net Owned Funds | ≥ ₹20 lakh | Before NDH-4 |
| Annual Return (NDH-1) | NDH-1 + Audited accounts | 90 days from year end |
| Half-yearly return (NDH-3) | NDH-3 | April 30 & Oct 30 |
| AGM & ROC filings | MGT-7, AOC-4 | As per Companies Act |
Company name must include the word "Nidhi Limited". Apply via RUN on MCA portal.
File SPICe+ with MOA/AOA mentioning Nidhi objects, and ₹10 lakh paid-up capital.
Add at least 200 members and build NOF to ₹20 lakh within 1 year.
Apply to Regional Director for Nidhi status via NDH-4. Upon approval, Nidhi Rules fully apply.
No. Nidhi Companies can only accept deposits from and lend to their own members. Accepting public deposits is strictly prohibited.
Maximum interest on deposits is 2% above the highest rate offered by nationalised banks for similar tenure.
The company must apply for extension to the Regional Director. Failure to comply can lead to strike-off proceedings.
No. Nidhi Companies can only issue equity shares. Preference shares are not permitted under Nidhi Rules.
Full Nidhi Company registration with compliance roadmap and NDH forms support.
Register Nidhi — ₹9,999