Nidhi Company Registration — Rietway Consultants

Nidhi Company registration process

Company incorporation

A Nidhi Company must first be incorporated as a Public Limited Company under the Companies Act, 2013, with "Nidhi Limited" in its name.

DSC and DIN for directors

Digital Signature Certificate and Director Identification Number obtained for all proposed directors.

Name reservation and SPICe+ filing

Name approval followed by incorporation filing (SPICe+) with MOA and AOA drafted for Nidhi objects.

Certificate of Incorporation

MCA issues the Certificate of Incorporation, PAN and TAN — the company can now begin building its member base.

Meeting membership and Net Owned Funds thresholds

The company must meet the minimum member count and Net Owned Funds prescribed under the Nidhi Rules within the timeframe set by the Rules — our team tracks this and guides the ramp-up.

NDH-4 filing

Once thresholds are met, Form NDH-4 is filed with MCA to declare the company as a Nidhi and get it notified under Section 406.

Ongoing Nidhi Rules compliance

Form NDH-1 — Return of statutory compliances (within 90 days of first financial year close)

Form NDH-2 — Application for extension of time, if member/NOF thresholds aren't met in time

Form NDH-3 — Half-yearly return

Form NDH-4 — Declaration for Nidhi status and updates

Members-only lending and deposit activity — no dealings with the general public

Documents required

PAN card of all proposed directors and members

Aadhaar card of all proposed directors and members

Address proof of registered office

Passport-size photograph of all proposed directors

Email and mobile of all proposed directors

Starting from

^₹12,999

Covers incorporation. Government fees and stamp duty vary by state — confirmed before filing. NDH-4 filing and ongoing Nidhi Rules compliance quoted separately based on member count.

DSC and DIN for directors

Name reservation

MOA and AOA drafting

SPICe+ incorporation filing

Certificate of Incorporation

PAN and TAN allotment

Nidhi Rules compliance guidance

Incorporation in 10–15 working days

NDH-4 filing timeline depends on how quickly the member and Net Owned Funds thresholds are met — Rietway tracks this and files as soon as you're ready.

Need help deciding?

Not sure if a Nidhi Company is the right structure for your goals? Speak to a CA — free of charge.

+91 93113 44984

Mon–Sat, 10am–7pm IST

Quick enquiry

Frequently asked questions

What is a Nidhi Company?

A Nidhi Company is a type of Non-Banking Financial Company recognised under Section 406 of the Companies Act, 2013, formed to cultivate the habit of savings and lending among its own members. It cannot deal with the general public.

Does a Nidhi Company need RBI approval?

No. Nidhi Companies are exempt from core RBI regulations that apply to other NBFCs, since they only deal with their own members. They are regulated instead under the Nidhi Rules, 2014 issued by the Ministry of Corporate Affairs.

Can a Nidhi Company accept deposits from the public?

No. A Nidhi Company can only accept deposits from and lend to its own registered members — it cannot advertise for deposits or deal with non-members in any lending or deposit capacity.

What happens if the membership or Net Owned Funds targets aren't met on time?

If the thresholds prescribed under the Nidhi Rules aren't met within the specified period, the company can apply for an extension using Form NDH-2. Rietway tracks these deadlines and handles the extension filing if needed.