Nidhi Company

A Nidhi Company is ideal for individuals aiming to promote savings and lend only among its members. It’s best for small groups or communities seeking mutual financial benefit. It requires minimal capital and follows simplified RBI regulations. Only members can deposit or borrow, ensuring trust and transparency. It suits those focused on cooperative finance within a close-knit group.

  • Compliance:
    • Minimum 200 members within 1 year
    • Net owned funds ≥ ₹10 lakh
    • Quarterly and annual returns to MCA (NDH-1, NDH-2, NDH-3)
    • Annual filings (AOC-4, MGT-7)
    • Cannot deal with non-members or do external lending
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