What is Nidhi Company Registration in India?

Nidhi company is a firm of non banking finance Corporation (NBFC).

Nidhi company works with its members.

Total 7 members required including 3 director.

Registered under ministry of corporate affairs (MCA).

Documents required for registration

  1. Proof of the registered place of business (Ownership documents/ rent or lease agreement)
  2. No Objection Certificate (signed by the owner/ landlord)
  3. Identity proofs
  4. Address proofs of the members
  5. Photos of the members
  6. PAN card copies of the members
  7. Digital Signature (DSC)
  8. Director Identification Number (DIN) of the directors
  9. Memorandum of Association of the company (MoA)
  10. Articles of Association of the company (AoA)

Only one object will be mentioned in MoA of the company: “cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit..”