Overview
A Nidhi Company is a special class of Non-Banking Financial Company recognised under Section 406 of the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA). Nidhi Companies operate on the mutual benefit principle — they accept deposits from members and lend exclusively to members at regulated interest rates. They cannot transact with non-members. The primary purpose is to cultivate the habit of thrift and savings among members of a particular locality or community.
Nidhi Companies must achieve 200 members, Rs.10 lakh NOF, and 1:20 NOF-to-deposit ratio within 1 year of incorporation. MCA does not require RBI registration for Nidhi Companies — the sole regulator is MCA. Compliance includes annual NDH-1 return (member and deposit details), NDH-3 half-yearly return, and NDH-4 application for Nidhi declaration. MFiling handles complete Nidhi Company incorporation, MCA declaration, and annual compliance management.
MFiling professional charges: from Rs.19,999 for Nidhi Company registration and first-year compliance.
Key Benefits
Documents Required
How it Works
Nidhi must be incorporated as a Public Limited Company (not Private Limited) under Companies Act 2013.
Company name must end with "Nidhi Limited" — name reservation through MCA SPICe+ portal.
Enrol at least 200 members who deposit and borrow — within 1 year of incorporation.
Maintain minimum Rs.10 lakh as Net Owned Fund in paid-up equity and reserves.
Apply to MCA Regional Director for declaration as Nidhi Company after meeting eligibility criteria.
File half-yearly NDH-3 and annual NDH-1 returns + standard ROC annual filings.
Frequently Asked Questions
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