Nidhi Company

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) formed to cultivate the habit of thrift and savings among its members. Unlike other NBFCs, it deals only with its shareholders and members, making it a great option for community-based financial operations. Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA), and registration requires a clear understanding of the legal requirements and compliance guidelines.

At CA Dhiraj Ostwal & Associates, based in Mumbai, we provide end-to-end support for Nidhi Company formation. From documentation and digital signature to company incorporation and post-registration compliance, we ensure a smooth and stress-free process. Our team of professionals ensures your application meets all the criteria set by the Companies Act, 2013. Whether you’re starting fresh or expanding your financial services, we are here to assist you in building a strong foundation with full regulatory compliance.

 

Eligibility Criteria:

• Minimum 7 members (3 must be directors)

• Must be a public limited company

• Minimum paid-up equity capital: ?5 Lakhs

• No preference shares can be issued

• Must apply for Nidhi status within 1 year of incorporation

Required Documents:

• PAN Card of all directors and members

• Aadhaar Card/Voter ID/Passport of directors

• Address proof of directors

• Passport-size photos

• Registered office proof (Electricity bill/Utility bill)

• No Objection Certificate (NOC) from the property owner

• MOA and AOA (Memorandum and Articles of Association)

 

CA Dhiraj Ostwal is a seasoned Chartered Accountant based in Mumbai, offering expert Nidhi Company registration services. With deep industry knowledge and personalized support, he helps entrepreneurs form legally compliant Nidhi Companies tailored for growth in the finance sector.