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NIDHI Registration Procedure


To register Nidhi Company we require the following documents.

Nidhi Company Registration Procedure

A Nidhi Company - is one that belongs to the non-banking Indian Finance sector and is recognized under section 620A of the Indian Company Act, 1956. Their core business is borrowing and lending money only between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. It is regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these Nidhis deal with their shareholder-members only.


  • ID proof of all the Partners - Voter ID or DL or Passport.

  • One Partnership Deed between the partners which show the share of each partners.

  • One electricity bill or water bill of office premises.

  • NOC from the landlord of the premises.

  • To start a Nidhi Company in India the first step is to incorporate a Limited Company, under the Companies Act, 2013. Hence, a minimum of three Directors and seven shareholders will be required to start the Limited Company incorporation process. During incorporation of the Nidhi company, care must be taken to ensure that the object of the Limited Company mentioned in the Memorandum of Association is that of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit.

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