Nidhi Company
A Nidhi Company is a member-only mutual benefit society under the Companies Act, 2013 — built to encourage savings and lend to its own members. We confirm current eligibility, then handle the incorporation and ongoing filings.
|800+ businesses served since 2020
A mutual benefit company for members only
A Nidhi Company is a category of company recognised under the Companies Act, 2013 and the Nidhi Rules, whose entire purpose is cultivating savings and thrift among its own members — accepting deposits from them and lending back to them against modest collateral. It never deals with the public or with non-members.
Nidhi Rules have been tightened over the years, adding extra safeguards before a company can start Nidhi business and use the Nidhi name. Because these rules move, we check current eligibility and process requirements before we file anything, rather than working off assumptions.
- Deals only with its own members, never the public
- Cannot run chit funds, hire-purchase or insurance business
- Needs a minimum member base within its first year
- Cannot issue preference shares
- Maintains a net owned funds to deposit ratio the Rules prescribe
Close-knit groups building a member savings pool
Formalising an informal savings circle
Groups already pooling savings informally can move into a regulated structure that gives members a formal borrowing and depositing framework.
Serving a defined member base
A Nidhi works well where the customer base and the member base are meant to be the same closed group, not the general public.
Staying compliant year on year
Operating Nidhi companies need ongoing filings and ratio checks kept current — we take that on as a standing engagement.
Eligibility check to ongoing filings
Eligibility review
We confirm whether incorporating a new Nidhi is currently open to you under the latest MCA rules before you commit time to it.
Incorporation filing
Company formation filed with the ROC once eligibility and structure are confirmed.
Membership and ratio tracking
Monitoring your member count and net owned funds to deposit ratio against what the Rules require.
Statutory returns
The Nidhi-specific returns (NDH forms) and standard ROC filings such as annual returns and financial statements, kept current.
Director KYC
Annual DIN KYC compliance for every director, tracked so nothing lapses.
Deposit compliance
Guidance on tenure, member-only lending and collateral rules as you take deposits and disburse loans.
Four steps to an operating Nidhi
We confirm eligibility
Check current MCA rules for whether new Nidhi incorporation applies to your case.
We structure and file
Incorporation documents prepared and filed with the ROC.
Membership builds
We track your member count and ratios against the Rules as membership grows.
Ongoing filings run
Returns, KYC and ratio compliance handled as a standing engagement.
Questions companies ask first.
Can a new Nidhi Company be incorporated right now?
Eligibility rules for Nidhi companies have changed more than once in recent years and can change again. We check the current MCA position before you commit to incorporating one.
Can a Nidhi Company accept deposits from the public?
No. A Nidhi deals exclusively with its own members — it cannot accept deposits from or lend to anyone outside its membership.
What ongoing filings does a Nidhi Company need?
Nidhi-specific returns on membership and deposits, plus the standard annual ROC filings and director KYC that apply to any company. We track all of these so nothing is missed.
Tell us what you need.
A short call to understand where you stand and how we would run this for you. No obligation.
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