Skip to main content
Loading...
Nidhi Company Registration in Jaipur
Nidhi Company Registration

Nidhi Company Registration in Jaipur

It is beneficial to get the support of a professional firm that can ensure flawless delivery without much hassle. That's what Paravue Advisors is all about. We are a professional firm with an expertise team of professionals at your service.

Talk to Expert

We cherish your trust!

Devoted Expertise Team
Fluent and Trouble-free process
Secured payment gateways
Work completion in just 8-10 days.
Assistance at every stage
We worth and respect your reliance on us

Introduction of Nidhi Company

Nidhi Company means a Company that participates in receiving deposits and loans to its Members for correlative benefits. It is incorporated as a Public Limited Company and differs from the National Banking Finance Company governed by the RBI and other Companies under the Companies Act, 2013. The purpose of Nidi Company is to promote the practice of savings and frugality among its members.

It is not directly regulated by the RBI but is required to follow other guidelines issued by the RBI from time to time to accept the deposit. It is an appropriate type of business for a particular group of people intended to invest or borrow money.

Advantages of Nidhi Company Registration

How to register nidhi company
Micro Finance

Nidhi Company borrows money from remote and rural areas of the country and located off-site.



How to register nidhi company
Limited Liability

Members' liability is limited by the amount they have invested in the Company and therefore, they are not liable in person and are a legal entity which means that they are different from their Members and directors.

Online Nidhi Company Registration
Fewer complexities

Nidhi Company includes less complexion and requires an amount of Rupees 5 Lakhs for incorporation which could be increased to 10 lakhs per year and loans from Nidhi Company can be obtained at cheaper rates than NBFC.

Advantages of Nidhi Company Registration
A good saving option

As the main purpose of establishing Nidhi Company is to develop a saving practice among the people as they can only borrow and lend money from their members only.


Documents required for Nidhi Company Registration
A better Credit Co-operative community

Nidhi Company has some similarities with a co-operative organization and is suitable for small investors. Once registered it can enjoy benefits from the credit co-operative Society.

FAQs on Nidhi Company Registration
Easy Access to Public Finance

Nidhi Company can take deposits from its members through various accounts such as Saving Account, FD A / c, Rd A / c which is much more easier than taking money from banks and other financial institutions.

Minimum requirements for Registration

Require a minimum of three directors and a maximum of fifteen

Require a digital signature of subscriber and director

Require minimum of seven members


5 lakhs as minimum capital


Preference shares cannot be issued


Minimum one director to be an Indian resident

Documents Required for Incorporation

Pan card as proof of identity of partners
Proof of the identity

of all members and directors of the proposed entity; (Driving License/Voter ID/Passport/Aadhar)

Address Proof

(Mobile Bill/Telephone Bill/Service Bill /Bank statement not exceeding two months)

Latest passport size photograph of directors and members
Proof of Business Address Location of owned property

(Copy of Registry and Recent Electricity or Water Bill)

Proof of Business Address Leased/rented

Lease Agreement, NOC from Owner, Recent Government Electricity Bill or Water Bill)

Note: - In the event of an NRI or Foreign nationals documents of Directors and Subscribers shall be in writing or sent by an apostle.

Process of Nidhi Company Registration

Complete the Application Form

You are requested to first complete the simple questionnaire provided by our expert team.

Processing Documents

In the second step, we will need the documents as per the questionnaire completed by you so that we can organize them as required and for processing.

DSC application

First of all the DSC (Digital Signature Certificate that includes E-signatures) needs to be prepared. This step can be ignored if it is already prepared. It will take about 1-2 days.

Availability of Name

The next step is to check the availability of the name. The name must be different and should not be the same as the name of any other registered organization. It may take at least 1-2 days.

Company incorporation e-filing

Once the name is approved, an online application is required to be submitted via SPICE+ along with the required documentation as received from the ROC client. MOA and AOA will be filed online. This process also takes about 2-3 days.

Obtain an Incorporation Certificate

Once the Company is registered we will share all documents such as Certificate of Incorporation, MOA, AOA and Digital Signature.

Our process through Online Registration

We at Paravue Advisors guarantee a high level of satisfaction and timely delivery of your firm registration with better response to government needs through our professionals. You can contact our team on 099504-51000 or send an email to infoparavueadvisors@gmail.com for Nidhi Company Registration.

Establish your entity in just 3 simple stages-

  • Opt for the suitable package for your needs
  • Fill in the questionnaire that takes less than 12 minutes
  • Provide the basic details and documents required to register
  • Make payments with secure payment gates

  • A Relationship Manager assigned
  • DSC procurement
  • Application for registration of company name
  • Drafting AOA and MOA
  • Incorporation Certificate
  • PAN and TAN allotment

  • Require 4 working days

*Affected by Government processing term

Why you should choose Paravue Advisors for your assistance?

Expertise guidance

We will help you from picking up a suitable registration to getting your registration certificate. Our experts give you expert guidance on many of the processes involved in registering your business as a Nidhi Company, as well as service tax registration, sales tax, import/export code, and professional tax.

Filing Application

The professionals to assist you in the application are well-executed and can manage native registrations.

Registration Receipt

Our team will provide full assistance with the registration process. This can vary between 5 and 15 days, depending on the work done by the authorities involved.

FAQs on Nidhi Company Registration

Nidhi Company is a company that conducts the business of receiving deposits and lends the same when required. Nidhi Company is analogous with NBFC but one of the foremost distinctions between the two is that Nidhi Company gets deposits from its members only. The main purpose of these companies is to work together for the benefit of their members. These companies are not entitled to continue the business of Hire Purchase Financing, Insurance, Chit Funds, and the Acquisition of Securities or Disbursement of any Credit Instruments.

  • As they relate to the nature of the Public Company so the rules and regulations of the Companies Act, 2013 apply.
  • The RBI provisions relating to the interest rate payable apply to Nidhi companies. RBI rules do not apply to Nidhi Companies as the RBI has absolved Nidhi Companies the same.
  • Nidhi Rules, 2014.

Once Nidhi Company emerges it must meet the following requirements:
  • It must have a minimum of 200 members/shareholders.
  • Minimum Net Owned Fund should be Rs. 10 Lakhs.
  • Unsecured term deposit must be at least 10% of the time deposit.
  • Net Owned Fund rate and fixed-term deposit should not be less than 1:20.

  • It is a single office entity governed by its members exclusively without the involvement of third parties.
  • Provide loans with low-interest rates and few documents.
  • Secure investments are guaranteed by such companies.

The goal of mutual benefit is to combine savings from members and lend only to members and never deal with non-members.

The members are individual. Corporate Bodies or Trusts cannot be admitted as members.

Yes, Deposits with such companies are safe and secure because the Department of Corporate Affairs and the RBI have put in place laws and regulations to ensure the safety and security of the Deposit. Nidhi Company complies with the laws of the Central Government.

Nidhi Company spends money on lending to shareholders under Nidhi rules. It borrows such funds in the form of small businesses and financial loans.

Anyone over the age of 18 according to standard proof of age can become a member of Nidhi companies. A person who wishes to become a member must have a valid identity document and proof of address.

Nidhi Companies can provide loans against certain securities such as gold, silver jewelry, or any other type of financial security.