Nidhi Company Registration

Nidhi company is incorporated under companies act 2013. The main objective of the Nidhi company
is to receive deposits from and lending to its members for mutual benefits.
Minimum requirement to form Nidhi’s
1. Minimum 3 Directors.
2. Minimum 7 shareholders.
3. Minimum Paid up share capital 5 lakhs.
4. All Nidhi companies are required to put Nidhi limited as part of its name
5. After incorporation to qualify for Nidhi status, the company should have a minimum of 200
shareholders and net owned funds not less than 10 lakhs.
6. Unencumbered deposits of not less than 10% of the outstanding deposits .Net owned funds to
deposits ratio should be more than 1:20