Overview
A Nidhi Company is a non-banking financial entity promoting savings and lending among members. It is governed by Section 406 of the Companies Act, 2013 and Nidhi Rules, 2014.
Process
- Obtain DSC, DIN & name approval
- File incorporation under Nidhi Rules
- Draft MOA & AOA with Nidhi objectives
- Obtain COI and commence business
Documents Required
- PAN, Aadhaar, photos of directors
- Proof of registered office (utility bill + NOC)
- Declaration of compliance
Time Required
⏳ 10–15 working days
Key Benefits
- Encourages habit of saving
- MCA-regulated (not RBI)
- Limited liability protection
- Trusted financial model