Nidhi Company Registration Online (India)

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) in India formed mainly to promote saving and mutual benefit among its members. Its primary business is to accept deposits from members and lend to members only. It cannot deal with the public outside its registered members.

The main advantage of a Nidhi Company is that it provides its members easy access to capital through deposits and loans at reasonable interest rates.

Being a member-driven organization, it encourages a sense of financial discipline and mutual support. Since they are registered companies, Nidhi companies gain legal recognition, credibility, and the ability to raise funds from their members in a structured manner.

At Prospect Legal, we make nidhi company incorporation effortless — guiding you through name approval, document drafting, and MCA filings until your incorporation certificate is issued.

If you’re looking for a quick summary of the procedure for registration of a Nidhi Company in India, here’s a simple day-by-day timeline to understand how Prospect Legal completes the process efficiently.

💡 Note:  Timelines may vary depending on the MCA’s processing speed, document accuracy, and state-specific approvals. Prospect Legal ensures constant tracking and follow-ups until your registration is complete.

With Prospect Legal, you can complete your Nidhi Company registration online anywhere in India — no paperwork, no office visits, and no confusion. The entire process is digital, secure, and guided by our experts from start to finish.

We handle every step under the Ministry of Corporate Affairs (MCA), ensuring that your business is registered legally, quickly, and with complete transparency.

Here’s how our online Nidhi Company registration process works:

💡 Note: With Prospect Legal, you can register your Nidhi Company online from anywhere in India in just a few days — fast, legal, and completely hassle-free.

Company registration involves multiple e-forms under the SPICe+ (Simplified Proforma for Incorporating Company Electronically) process:

Your choice affects liability, taxation, funding, and compliance.

1. LLP: Ideal for professionals and small partnerships needing limited liability.
2. OPC: Perfect for solo entrepreneurs.
3. Public Ltd: Suitable for businesses aiming for public investment.
4. Section 8 Company: For NGOs and non-profits.
5. Sole Proprietorship: Single-owner business structure where the owner and the business are legally considered the same entity.
6. Partnership Firm: Business owned and managed jointly by two or more individuals who share profits and responsibilities as per a mutual agreement.
7. Hindu Undivided Family: Family-based business structure governed by Hindu law, where members are collectively managed by the Karta and share income jointly.
8. Private Limited Company: A Private Limited Company is a legally separate business with limited liability and privately held shares.
9. Public Limited Company: Can raise capital from the public by issuing shares, with limited liability for shareholders.
10. Indian Subsidiary: A company registered in India but owned or controlled partly or fully by a foreign parent company.
11. Nidhi Company: A mutual benefit company formed to accept deposits and lend to its members for savings and financial support.
12. Producer Company: A company formed by farmers or producers to collectively improve the production, processing, and marketing of goods.

At Prospect Legal, our consultants combine legal expertise with real-world business experience. You get personal guidance on company structure, registration, and compliance.

Before you start, ensure you meet the basic legal requirements:

1. Directors: Minimum 3 directors (all must be Indian citizens).

2. Members / Shareholders: Minimum 7 members at the time of incorporation.

3. Capital Requirement: Minimum ₹5,00,000 paid-up capital (as per Nidhi Rules, 2014).

4. Registered Office: Must have a registered office address in India.

5. Digital Signature Certificate (DSC): Required for signing online forms.

6. Director Identification Number (DIN): Required for each proposed director.

After registration, you must comply with statutory obligations:

1. Annual Compliance: File annual return, financial statements, and other ROC filings as per the Companies Act, 2013.

2. Nidhi Rules Compliance: Maintain minimum 200 members within 1 year, and follow Net Owned Funds to Deposit ratio and loan/deposit limits under Nidhi Rules, 2014.

3. Accounting & Bookkeeping: Maintain proper accounts and prepare for statutory audit.

4. Other Registrations (If applicable): GST, TDS, EPF, and ESIC depending on business and employee strength.

5. Corporate Secretarial Services: Assistance for change of directors, change of registered office, share issuance, and other MCA filings.

1. The name must be unique and not identical to any existing company or trademark.
2. Use the MCA Name Availability Check and Trademark Search before applying.
3. The name should reflect your company’s identity or community purpose — but must end with the words “Nidhi Limited” as per legal requirement..
4. Avoid restricted words like Government, National, Bank, unless approved.