Nidhi Company Registration
Nidhi Company Registration for founders who want to know how to register nidhi company structures that lend and borrow only among their own members — a niche but genuinely useful microfinance company setup path.
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Nidhi Company Registration incorporates a mutual benefit finance company under Section 406 of the Companies Act, 2013, restricted to accepting deposits from and lending only to its own members, a specific and heavily regulated structure distinct from an NBFC, which can deal with the general public.
Founders exploring this option usually arrive here after discovering that a standard NBFC license requires RBI approval and significant minimum capital — a Nidhi company sidesteps both, since it can only transact with its own members.
A genuine Nidhi structure requires at least 7 members and 3 directors at incorporation, growing to a minimum of 200 members within the first year — a requirement that catches founders off guard.
The 'mutual benefit' restriction is the entire point and also the biggest limitation: a Nidhi company cannot advertise for deposits or serve anyone outside its member base, which is exactly why RBI exempts it from the stricter NBFC regime.
bizOversal manages both the initial incorporation and the specific post-incorporation compliance a Nidhi company owes — the NDH-1 return within 90 days, and NDH-3 half-yearly returns — since missing these early filings is a common way a new company falls out of compliance.
Who needs Nidhi Company Registration
Your nidhi company registration roadmap
Eligibility & Member Planning
We confirm your founding member count and plan the path to 200 members.
Day 1–3Incorporation Filing
Nidhi Company Registration is completed via SPICe+ with Nidhi-specific object clauses.
Day 4–15NDH-1 Filing
Member count confirmation is filed within 90 days of incorporation.
Within 90 daysOngoing NDH-3 Compliance
Half-yearly returns are tracked and filed going forward.
OngoingDeliverables checklist
We separate what the government issues from what our team drafts and delivers.
Common mistakes with Nidhi Company Registration
Transparent pricing matrix
| Component | Professional Fee | Govt. / Statutory Charge |
|---|---|---|
| Incorporation filing | ₹9,999 | ₹2,000–₹5,000 |
| NDH-1 filing (within 90 days) | ₹3,000 | ₹0 |
| Total (starting) | ₹12,999 | Varies by capital |
Nidhi Company vs. NBFC
| Aspect | Nidhi Company | NBFC |
|---|---|---|
| Who it serves | Members only | General public |
| RBI approval needed | Exempt | Mandatory |
| Minimum members | 7 at start, 200 within a year | Not applicable |
Startup Cost Estimator
Nidhi Company Registration — FAQs
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