A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that focuses on encouraging savings and providing loans among its members. It operates under the supervision of the Ministry of Corporate Affairs (MCA) and is governed by the Companies Act, 2013 and Nidhi Rules, 2014.
At Sharma and Sharma Associates, we provide end-to-end assistance for Nidhi Company Registration, ensuring full legal compliance and a smooth setup process. Our experts handle everything — from name reservation to incorporation and post-registration compliance — so you can start your financial journey confidently.
Formed to cultivate the habit of savings among members
Can accept deposits and lend money only to its members
Requires minimum 7 members and 3 directors to register
Must have ₹5 lakh minimum paid-up capital
Enjoys simple registration and regulatory procedures
Legal recognition from the MCA
Easy and low-cost formation
Encourages community-based saving and lending
Limited liability protection for directors and shareholders
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