Nidhi Limited Company

1. Application for Obtaining DSC (Digital Signature).
2. Preparation and Signing of Incorporation Documents.  
3. Filing of Incorporation Form to MCA .
4. Waiting For Approval from ROC.
5. Certificate of Incorporation.

1. Required Minimum 3 Directors and 7 Shareholders.
2. Can Accept Deposits From its members .
3. Can Lend Money to its Members.
4. Required to have Minimum 200 members within 1 Year.
5. Body Corporate and Benefit of Limited Liability.  
6. Can Provide Locker Facility to its members.
7. Minimum Capital Rs. 5 Lakh at the time of Incorporation and Thereafter required to have Rs. 10 Lakh.
8. Best for Small lending and deposit Business.

1. PAN & photo are required for each & every director & shareholders.
2. Anyone of the following: Aadhar card, voter ID, Driving license & passport. 
3. Anyone of the following: Bank statement, Mobile bill, Electricity bill, Landline bill. 
4. Electricity bill/rent agreement and copy of No objection certificate.

 1. Who can be Shareholder/Member in Nidhi Company ?

- Any individual can become the member of the company. However, the individual must 18+ above in terms of age and should have a valid PAN card. 

2. Is it necessary to have 3 directors for  Nidhi Company Registration?  

- Yes, you need a minimum of three directors for a public limited company. The maximum members can  be unlimited. 

3. Does Nidhi Company require any NBFC license from RBI?       - No, Nidhi Company does not require any RBI license to start the business in India; this is because Nidhi Company has been exempted by the RBI from its core provisions and hence, there is no RBI requirement for Nidhi Company registration in India.