Nidhi Company Registration Online in India

Q: How long does it take to register a Nidhi company?

Generally, Nidhi company registration takes 15 to 25 working days under normal circumstances. However, if there are delays due to incomplete documents, additional queries, or procedural issues, it can stretch up to 45 to 90 days.

Q: Is RBI approval needed for a Nidhi company?

No, RBI approval is not needed for a Nidhi company. Nidhi companies are specifically not included in the main parts of the RBI Act that apply to other Non-Banking Financial Companies (NBFCs). The Ministry of Corporate Affairs (MCA) mainly regulates them under the Nidhi Rules, 2014.

Q: What is the main difference between a Nidhi Company and a regular NBFC?

A Nidhi company can only deal with its registered members for borrowing and lending money; it works on a mutual benefit idea. A regular NBFC, however, can deal with the general public. Also, Nidhi companies are regulated by the MCA, while most other NBFCs are regulated by the RBI.

Q: Can a Nidhi Company accept deposits from the general public?

No, a Nidhi Company cannot accept deposits from the general public. They are strictly allowed to accept deposits only from their registered members. They also cannot advertise to ask for deposits.

Q: What is the maximum loan a Nidhi Company can give to a member?

The most a Nidhi company can lend to a member depends on the company's Net Owned Funds (NOF) and the type of security the member provides. Nidhi Company Loan Limits (As per NOF): NOF Max loan: Rs. 2 lakh NOF Rs. 2–20 crore → Max loan: Rs. 7.5 lakh NOF Rs. 20–50 crore → Max loan: Rs. 12 lakh NOF > Rs. 50 crore → Max loan: Rs. 15 lakh All loans must be secured and only given to members.

Q: Can a Nidhi Company operate all over India?

While a Nidhi company is a legal entity in India, its operations are usually limited. It mainly works from its registered office and within specific districts or states allowed by the Nidhi Rules. Opening more branches or working in other states requires special approvals from the Regional Director and following the set conditions.

Q: What happens if a Nidhi company does not get 200 members in its first year?

A Nidhi Company must have at least 200 members within one year of incorporation. If it fails to meet this requirement, then in such cases: The company must file Form NDH-2 with the Regional Director. This form must be filed within 30 days after the end of the first financial year. Form NDH-2 is a formal request for an extension of time to meet the 200-member rule. If they don't file NDH-2 or don't meet the rule within the extended time, they could face penalties and even action from the MCA.

Q: Do directors of a Nidhi company also need to be members?

Yes, according to the Nidhi Rules, 2014, all directors of a Nidhi company must also be members of the company. This rule ensures that the company's management is directly connected to its member base, aligning their interests.

Q: What is the minimum investment needed to start a Nidhi company?

The minimum paid-up equity share capital required when you first register a Nidhi company is Rs. 5 lakhs. However, the total cost of Nidhi company registration will also include other expenses. These include government fees for forms, stamp duty on the MOA/AOA, and professional fees.

Register your Nidhi Company online with RegisterKaro. Get expert assistance to launch your NBFC-style entity, fully compliant with MCA norms and Nidhi Rules, 2014. What you get:

MCA-Compliant Entity Setup

PAN & TAN Allotment + DSC for Directors

Bank Account Opening Guidance

Assistance With NDH Filings (Required government forms)

Dedicated Support for Annual Returns & Reporting

4.6 out of 5

(5479)

4.0 out of 5

(1,907)

Full Name*

Phone Number*

Enter Your Email*

What Sets Us Apart

500+MCA Certified Experts

10,000+Trusted Reviews

2500+Monthly Clients Onboarded

Serving Businesses Across India

What Sets Us Apart

500+

MCA Certified Experts

10,000+

Trusted Reviews

2500+

Monthly Clients Onboardings

Serving Businesses Across India

Full Name*

Phone Number*

Enter Your Email*

Connect with RegisterKaro and let our experts handle the legal hassle while you grow your business.

Talk To Our Experts

We're Here To Help You

Your Information Is Safe With Us. We Never Share Your Details.

Frequently Asked Questions (FAQs)

What is Nidhi Company Registration?

−

Nidhi Company Registration is the legal process to start a Nidhi Company under the Companies Act, 2013. It allows members to save and borrow money among themselves for mutual benefit.

Key points of Nidhi Company Registration:

Apply with the Ministry of Corporate Affairs (MCA).
Submit required documents like MoA, AoA, and incorporation forms.
Have a minimum paid-up capital of Rs. 5 lakh.
Ensure at least 200 members within one year of registration.
Follow the Nidhi Rules, 2014, for operation and compliance.

How long does it take to register a Nidhi company?

Is RBI approval needed for a Nidhi company?

What is the main difference between a Nidhi Company and a regular NBFC?

Can a Nidhi Company accept deposits from the general public?

What is the maximum loan a Nidhi Company can give to a member?

Can a Nidhi Company operate all over India?

What happens if a Nidhi company does not get 200 members in its first year?

Do directors of a Nidhi company also need to be members?

What is the minimum investment needed to start a Nidhi company?

Why Choose RegisterKaro for the Nidhi Company Registration Service?

Setting up a Nidhi company means dealing with legal and procedural details. Working with a trusted service like RegisterKaro can make the whole process smooth and easy.

Expert Help with Legal Formalities: Our team ensures your application meets all requirements under the Companies Act, 2013, and the Nidhi Rules, 2014, reducing the risk of rejection.
Quick and Easy Online Process: From collecting documents to filing forms, our digital platform simplifies Nidhi company registration, saving you time and effort.
Clear Pricing with No Surprises: We provide transparent fees upfront, so you know exactly what to expect without any hidden costs.
Complete Support from Start to Compliance: Beyond registration, we assist with ongoing tasks like filing NDH forms and annual reports, helping your Nidhi company stay fully compliant.

Why Choose RegisterKaro for the Nidhi Company Registration Service?

Latest Blog

View All