Here’s How It Works

Consultation & Eligibility Check

Our experts assess your goals and confirm if a Nidhi Company suits your business model.

Digital Signatures (DSC) & Director IDs (DIN)

We obtain DSC and DIN for all proposed directors.

1

2

Name Approval

We submit up to 3 name options for approval under MCA norms.

Drafting MOA & AOA

Our legal team prepares your Memorandum and Articles of Association, outlining your company’s core objectives.

3

4

5

Company Incorporation

We file the SPICe+ form and obtain your Certificate of Incorporation and CIN.

6

Post-Incorporation Support

We help with PAN, TAN, and current account setup — so your business is ready to start operations instantly.

Here’s What You’ll Need

Start your Nidhi Company Registration in India effortlessly with Alphawix. We prioritize your privacy and security by using advanced encryption and trusted protocols, making the entire process fast, reliable, and worry-free.

✅ PAN card of all directors and shareholders

✅ Aadhaar or Passport (ID proof)

✅ Latest utility bill (address proof)

✅ Passport-size photographs

✅ Ownership proof / rental agreement for registered office

✅ NOC from property owner (if rented)

Why Should I Use Alphawix for Registering a Nidhi Company Online in India?

New Company

We Register a New Company Every 9 Minutes

30000+

Businesses Served by Alphawix.

Financial Services

All Financial Services in One Place

Quick & Affordable

Nominal rates, great turnaround time

Satisfaction

100% satisfaction guaranteed

A Nidhi Company is a form of non-banking financial institution, governed by Section 406 of the Companies Act, 2013 and the Nidhi Rules, 2014.
It functions by accepting deposits and providing loans only to its registered members, promoting habits of saving and financial discipline.

Unlike other NBFCs, Nidhi Companies do not require RBI approval, making them easier and more cost-effective to manage while staying legally recognized.

Why Start a Nidhi Company?

Producer Company Registration: Your Complete Guide

• Low Compliance Cost: No RBI approval required, reducing regulatory overhead.

• Community-Based Model: Operates exclusively among members, ensuring trust and transparency.

• Encourages Saving Habits: Builds financial discipline among individuals.

• Legal & Recognised: Fully governed by the Companies Act and Nidhi Rules.

• Simple Setup: Easy registration and straightforward operations.

What is a Nidhi Company?

• Limited Scope of Business: The company can only accept deposits and lend funds to its own members — no other financial services are permitted.

  
  

• Restricted Membership: Only individuals can become members; companies, trusts, or outsiders cannot participate.

  
  

• No External Funding: The company cannot raise money from external investors or issue preference shares.

  
  

• High Compliance Needs: Regular filings, audits, and adherence to Nidhi Rules, 2014 are compulsory, which can be time-consuming.

  
  

• Moderate Profitability: Since the activities are limited to members, the growth potential and profits are usually modest.

  
  

• Branch Restrictions: A Nidhi Company can open new branches only after three continuous years of profit.

  
  

• Gradual Expansion: Growth may take longer as it depends solely on internal funds and the existing member network.
  

Advantages of a Nidhi Company

Disadvantages of a Nidhi Company

Why Register Through Alphawix

• Simple Formation :   The registration process is straightforward and requires minimal documentation compared to other financial entities.

  
  

• Low Capital Requirement: You can start with just ₹10 lakh as paid-up capital, making it ideal for small community-based ventures.

• Encourages Savings: The structure promotes a culture of saving among members while helping them meet financial needs.

  
  

• No RBI Approval Needed: Since Nidhi Companies deal only with members, there’s no requirement for direct approval from the Reserve Bank of India.

  
  

• Reduced Risk: All lending and deposit activities happen within the member group, reducing external risks and defaults.

• Legally Recognized Entity: It operates under the Companies Act, 2013 and Nidhi Rules, 2014 — ensuring trust, compliance, and legal protection.

  
  

• Community Growth: Designed to strengthen mutual support and financial cooperation among a specific community or network.
  

Basic Requirements for Nidhi Company Registration

• A Nidhi Company must have at least 7 members at the time of incorporation.

• A minimum of 3 directors is required to register the company.

• The company should have a minimum paid-up equity capital of ₹10 lakh.

• The Nidhi must be registered as a Public Limited Company under the Companies Act, 2013.

• The name should end with “Nidhi Limited” as per legal norms.

• Only individuals can be members; companies or trusts cannot join.

• Can accept deposits and lend funds only to its members.

• Total deposits must not exceed 20 times the net owned funds.

• Preference shares cannot be issued by a Nidhi Company.

• Branches can be opened only after 3 consecutive profitable years.

• Maintain at least 10% of total deposits as unencumbered funds in a scheduled commercial bank.

• Regular audits and annual filings with Registrar of Companies (ROC) are mandatory as per Nidhi Rules, 2014.

✅ End-to-End Support – From consultation to compliance, we manage it all.
✅ Completely Online Process – Hassle-free and paperless documentation.

✅ Affordable Packages – Transparent pricing with no hidden charges.
✅ Professional Expertise – Managed by experienced business and financial consultants.
✅ After-Registration Care – Ongoing support for compliance, reporting, and growth.