Indore, Madhya Pradesh

Nidhi Company Registration in Indore

Community savings & lending structure — Nidhi registration ₹1,999

₹1,999₹9,999
BASE FEE + LIVE PROMOTIONS AT CHECKOUT
⏱Timeline: 15–20 working days
✅Govt fees included
🏷️Promo codes may apply during payment
🔒MCA-verified, Aadhaar-secure
Register Now — ₹1,999 →Talk to an Expert

Why Register a Nidhi in Indore?

✓Regulated by Ministry of Corporate Affairs (Nidhi Rules 2014)
✓Can accept deposits from and lend to members only
✓Lower RBI regulation compared to NBFCs
✓Mutual benefit concept — promotes thrift among members
✓Must achieve 200 members and ₹10L net owned funds within 1 year
✓No external borrowing or third-party deposits

Is This Right for You?

✓ Ideal for

Community savings groups, credit cooperatives, member-only lending

✗ Not ideal for

Businesses that want to accept deposits from the general public

How Nidhi Registration Works

  1. 01Reserve company name with 'Nidhi Limited' suffix
  2. 02Minimum 7 subscribers to Memorandum of Association
  3. 03DSC and DIN for all 3+ directors
  4. 04SPICe+ filing for incorporation as Public Limited Company
  5. 05MoA and AoA specific to Nidhi purpose
  6. 06Declaration by directors in Form NDH-4
  7. 07Achieve 200 members within 1 year of incorporation
  8. 08File Form NDH-1 within 90 days of financial year end

Documents Required for Nidhi Company Registration in Indore

1PAN card of all 7+ founding members
2Aadhaar card of all 7+ founding members
3Registered office proof
4Proof of ₹5L minimum paid-up capital
5Passport-size photos

📱 Upload securely via Aadhaar-verified flow. We extract only the last 4 digits of your Aadhaar — full number is never stored.

Nidhi Company Registration in Indore — Frequently Asked Questions

What is a Nidhi Company in India?+
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) regulated under Nidhi Rules 2014. It can only accept deposits from and lend to its own members — it cannot deal with the general public. The purpose is to cultivate savings habits among members and provide low-cost credit.
What is the minimum capital to start a Nidhi Company?+
A Nidhi Company requires a minimum paid-up equity capital of ₹5 lakh (₹5,00,000). Within one year of incorporation, it must achieve a net owned fund of ₹10 lakh and at least 200 members.
Does a Nidhi Company need RBI approval?+
Nidhi Companies are exempted from core RBI provisions that apply to NBFCs, but they are regulated by the Ministry of Corporate Affairs under the Nidhi Rules 2014. No separate RBI licence is required.
How much does Nidhi Company registration cost?+
MakeItLegit charges ₹1,999 for Nidhi Company registration. Due to the higher complexity — minimum 7 members, ₹5L capital, and compliance with Nidhi Rules — the price is higher than standard Pvt Ltd registration.
Can a Nidhi Company lend to non-members?+
No. A Nidhi Company is strictly prohibited from lending to or accepting deposits from non-members. All transactions must be with registered members only. Violating this rule attracts penalties under the Nidhi Rules.
What happens if a Nidhi Company does not reach 200 members in 1 year?+
The company must apply to the Regional Director for an extension of time in Form NDH-2 before the expiry of the one-year period, along with reasons for the shortfall. Failure to comply can lead to penalties.

Register Your Nidhi in Indore Today

₹1,999 flat. 15–20 working days. Zero paperwork.

Start Registration — ₹1,999 →

Indore · Madhya Pradesh · MCA Portal Integration · Certificate of Incorporation in 15–20 working days