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Mutual Benefit Financial Company Registration
Start Your Mutual Benefit Company Online with TDS CAPITAL In Just 8999/-
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) recognized under Section 406 of the Companies Act, 2013. It is formed to promote the habit of savings and mutual benefit among its members.
The core business of a Nidhi Company is to accept deposits and lend money only to its members. With TDS CAPITAL, registering your Nidhi Company is quick, 100% online, and handled by professionals.
We ensure your company complies with all MCA and Nidhi Rules, 2014 requirements from start to finish, including post-registration compliance and annual filings.
Online Mutual Benefit Company Registration with TDS CAPITAL
All transactions are limited to members only, ensuring transparency and mutual trust among stakeholders.
Nidhi Companies are exempted from obtaining RBI registration, simplifying the regulatory process.
Company enjoys separate legal status, perpetual succession, and can own property in its own name.
Easy to register and operate with minimal capital requirements compared to other NBFCs.
Helps develop saving habits among members through various deposit schemes and financial discipline.
Members' liability is limited to the amount invested in the company, protecting personal assets.
Essential Documents for Easy and Quick Incorporation
Simple 5-Step Process to Register a Nidhi Company in India
Apply for Digital Signature Certificates and Director Identification Numbers for all proposed directors.
Reserve a unique company name ending with "Nidhi Limited" as per MCA naming guidelines.
Prepare company's Memorandum & Articles of Association stating Nidhi objectives and rules.
Submit SPICe+ and other necessary forms with MCA along with required documents and declarations.
File declaration to comply with Nidhi Rules, 2014 after incorporation within specified timeframe.
Once approved, receive Certificate of Incorporation along with PAN and TAN from authorities.
Common Questions About Nidhi Company Registration
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) formed under Section 406 of Companies Act, 2013, primarily for cultivating the habit of thrift and savings among its members. It accepts deposits and lends money only to its members.
No, Nidhi Companies are exempt from obtaining RBI license. They are regulated by the Ministry of Corporate Affairs under Nidhi Rules, 2014 and Companies Act, 2013.
Minimum 7 members, minimum 3 directors, minimum paid-up capital of ₹5 lakhs, and the company name must include "Nidhi Limited".
No, Nidhi Companies can accept deposits only from their members. They cannot accept deposits from the general public or non-members.
A Nidhi Company cannot accept deposits exceeding 20 times its Net Owned Funds (NOF) as per the latest audited balance sheet.
A Nidhi Company cannot open branches within the first year of incorporation. After one year, it can open up to 3 branches within the district.
