Nidhi Company

Get a company of money, for money.

  • Incorporate an NBFC as per RBI rules. Get it right, the first time.

A financial company. It is a company classified as an NBFC (a Non-banking financing company) and registered under Section 406 of Companies Act, 2013. Facilitate lending money between the core members of the company. This way members (or shareholders) are encouraged to save money and invest them within the company. These deposits are then used by the company for its members (or shareholders), to provide loans or advances, and to acquire government-issued stocks/bonds/debentures/securities. Regulated by the Ministry of Corporate Affairs, while the RBI monitors all its financial dealings. LawDocs helps you to enter into the formal economy.


Financial benefits with financial services

  • Cheaper To Borrow: As a member, one can borrow money at a minimum rate, relative to the rate at which banks lend money. This can be a major advantage in times of need, as different individuals in the mutual benefit society are likely to need funds at different points in time.

  • Encourages Savings: It encourages all its members to save money and encourages a thrifty lifestyle. A Nidhi Company, after all, is a mutual benefit society wherein members can lend or borrow money and accept financial aid amongst them.

  • Fewer Complications: Borrowing and lending to known persons, where the procedure is fixed, is much less complicated than dealing with banks or in an informal setting. A Nidhi Company enables its members to unlock the potential of their money and gain from lower interest rates when they require money themselves.


A few simple steps for a great future.

  • Applying for DIN and DSC

  • Name Approval

  • MoA & AoA

  • Certificate of Incorporation (CIN)

  • PAN, TAN and Bank Account


Documents Required

Simply, your documents

To Be Submitted By All Directors

  • Self-attested copy of PAN Card

  • Self-attested copy of Driver’s License/ Voter ID/ Aadhaar Card/Passport

  • Self-attested copy of Bank Statement/ Telephone Bill/Mobile Bill/ Electricity Bill

  • Passport-size Photograph

  • Specimen Signature Certificate

    Why LawDocs?

    For a legally strong finance company.

    • We assist you and discuss with you the project.

    • We guide to formulate best business plan.

    • We procure necessary registrations and licenses for you.

    • We provide advisory help you in a very professional manner.

Get expert assistance.

Discuss the matter with LawDocs experts.
Nidhi Company Registration 2023 on New MCA Portal || Company Incorporation procedure on V3 Portal
Nidhi Company Registration 2023 on New MCA Portal || Company Incorporation procedure on V3 Portal

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