Register a Nidhi
Company @ Rs. 9,999 in

3 simple steps, you get

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    A Nidhi Company is a type of non-banking financial company (NBFC) in India, regulated under Section 406 of the Companies Act, 2013. The primary objective of a Nidhi Company is to promote the habit of thrift and savings among its members. To form a Nidhi Company, a minimum of seven members is required, and the company must have a net owned fund of at least ₹10 lakhs. The registration process is relatively straightforward, and Nidhi Companies are incorporated as public companies, with “Nidhi Limited” included at the end of their names. Nidhi Companies can borrow from and lend to their members only. This unique structure fosters a sense of community and financial discipline, making Nidhi Companies an attractive option for small communities and groups seeking a platform for mutual financial support.

    Bright Accounts is committed to providing seamless and efficient services for the incorporation of Nidhi Companies. We prioritize transparency, compliance, and client satisfaction, aiming to deliver a hassle-free experience for clients venturing into the establishment of Nidhi Companies.

    We guarantee 7 days Registration of your Nidhi Company.

    Documents Checklist

    Bright Accounts has compiled a detailed list of  documents that are required to register a Nidhi Company. Speak to our experts for any queries.

    Identity Proof

    Address Proof

    Proof of Registered Office

    Other Documents


    Registration Process

    in 3 Simple Steps

    At Bright Accounts, we have simplified the entire registration process of a Nidhi Company into 3 simple steps. This makes your journey smooth, structured and easy.

    Following the successful verification of documents, Bright Accounts ensures a seamless process for the issuance of Certificate of Incorporation from the Ministry of Corporate Affairs (MCA). The COI includes essential details such as the Company Identification Number, PAN and TAN.


    What's Good

    about a Nidhi Company

    Easy Formation

    Incorporating a Nidhi Company is relatively straightforward, requiring no licence from the Reserve Bank of India. This facilitates a smooth and hassle-free formation process and makes it an accessible and viable option, especially for small communities and groups seeking a straightforward financial model.

    Net Owned Funding System

    To establish a Nidhi Company, a minimum net owned fund of ₹10 lakhs is required, ensuring a reasonable financial foundation for its operations.

    Lower Risk

    A Nidhi Company is authorized to extend loans or accept deposits exclusively from its members.It only engages in financial activities designed to be low-risk, steering clear of speculative ventures.This risk-averse approach contributes to the stability and reliability of their financial operations.

    Minimum Seven Members

    With a requirement for a minimum of seven members, Nidhi Companies can be formed with a relatively small group, making it accessible for local communities and small societies.

    Limited Regulatory Requirements

    Compared to other financial institutions, Nidhi Companies face fewer regulatory requirements.It is not needed to acquire an RBI licence to operate.It can be incorporated as Public Limited Companies.

    No External Involvement

    Nidhi Companies exclusively cater to the needs of their members. This absence of external involvement ensures that financial transactions are conducted with a focus on the welfare of the members rather than external stakeholders.

    What do you get

    when you register with our help

    Ready to Register your Company?

    When you register your business with the help of Bright Accounts, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business. 


    What our clients say

    Very structured service which did not delay the entire process as we were looking to open our company as soon as passible. Thank you for hassle free service.
    Alok Sharma
    From what we read online, it seemed like a long and lengthy process. But these guys made it look effortless. Worth it!
    Ankit Jha
    We had a smooth process. Thanks a lot Bright Accounts! We want to continue our association for other areas as well, hope you support in the same manner.
    Pritesh Sharma
    Bright Accounts helped us with all our doubts right from the beginning and incorporated our private limited company.
    Sandeep Ahuja

    Why Bright Accounts

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Bright & Knowledgeable

    Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.

    Always happy to help

    Bright Accounts commit to provide dedicated support and assistance to our clients.

    Professional & Approachable

    We maintain a high level of professionalism while being easily approachable for our clients.

    Easy & Quick

    We focus on streamlining and simplifying the complex processes for our clients.

    Checklist for Registration

    This checklist includes everything that you would need to open a Private Limited Company. These are mandatory requirements.


    After consultation and review of required documents by a Bright Accounts expert, the incorporation process takes between 7 to 10 working days.

    Want to setup a Nidhi Company Speak with an expert.

      Frequently Asked Questions

      Unlike other types of NBFCs, such as investment companies or asset finance companies, a Nidhi Company primarily deals with its members and operates on the principle of mutual benefit. It cannot engage in certain financial activities like lending to non-members or investing in securities.

      Any individual or entity who fulfills the eligibility criteria specified by the Nidhi Rules, 2014 can become a member of a Nidhi Company. Members typically include individuals residing in the locality of the Nidhi Company’s operations.

      To register a Nidhi Company, it must have at least 200 members, a minimum net owned fund of Rs. 10 lakhs, and fulfill other requirements specified by the Ministry of Corporate Affairs (MCA). The company must also incorporate the words “Nidhi Limited” as part of its name.

      No, a Nidhi Company cannot accept deposits from the public. It can only accept deposits and provide loans to its members as per the provisions of the Nidhi Rules, 2014.

      1. A Nidhi Company can only provide loans to its members for their mutual benefit, and the loan amount must not exceed a certain limit prescribed by the Nidhi Rules, 2014. Additionally, the interest rates charged on loans must be reasonable and within the limits set by the rules.
      1. Yes, Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA) and must comply with the provisions of the Companies Act, 2013, and the Nidhi Rules, 2014. They are also subject to periodic inspections and audits by regulatory authorities to ensure compliance with the rules and regulations.


      Bought Together

      There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

      Outsource Accounting & Bookkeeping

      Save valuable time, money and labor by outsourcing your accounting and bookkeeping tasks to Bright Accounts experts.

      Streamline Payroll Hassle-Free

      Trust our experts to handle payroll complexities, allowing you to focus on your core business activities. Simplify your payroll process entirely.

      Let's optimize your income tax

      Unlock the full potential of your finances with Bright Accounts' Income Tax Services. Our experts ensure maximum returns while minimizing liabilities.