Nidhi Company Registration

Nidhi Company can only accept deposits and loan money only to its members. You cannot deal directly with the public and can only work with their members. However, one can easily join Nidhi Company with few documents and a simple process. Also, the Nidhi Company registration is the only company way available to start the loan company in India without RBI approval.

Nidhi Company can open three branches after three years of work within the district. In addition, to open any branch outside the district, the company must require the approval of the RD. Also, the Nidhi Company cannot work out of state. Therefore, if you want to expand your business to another state, you will need to register another Nidhi Company.

What is the benefits of Nidhi Comapany In India?

Easy formation of Nidhi Company Registration

• Only 7 members required in which 3 would be the Director in Nidhi Company.
• Nidhi Company does not require to obtain License from RBI.
• Takes 10-5 working days hardly to get registration certificate for Nidhi Company.
• NIdhi Company require very less no. of Documents.​

​Opening Capital for Nidhi Company Registration

• As compare to other Finance Company it require very less capital to Incorporate a Nidhi Company registration
• Only 5 lakhs of opening Capital required for incorporation of Nidhi Company Registration.

RBI Regulations for Nidhi Company Registration

• Nidhi Company falls under NBFC and it does not required approval from RBI.
• These companies follow Nidhi rules 2014 issued by the center.
• Nidhi Company less intract with RBI.

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