Nidhi Company Registration in Delhi – A Complete Guide
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that was founded to promote savings and saving among its members. These companies are governed by the Companies Act of 2013 and typically operate by receiving deposits and lending money to their members. Nidhi Company registration in Delhi is a popular and simple option for people interested in creating a community-based financial model.
The Ministry of Corporate Affairs (MCA) regulates Nidhi Companies, which are also known as Mutual Benefit Societies, Permanent Funds, or Benefit Funds. Setting up a Nidhi Company is simpler than forming other NBFCs and is appropriate for small financial operations within a community with strong ties.
Key Requirements for Nidhi Company Registration in Delhi
To successfully register a Nidhi Company in Delhi, you must fulfill the following basic requirements:
- The company’s name must end with "Nidhi Limited"
- A minimum paid-up capital of ₹5,00,000 is required
- Preference shares are not allowed
- A minimum of 3 Directors and 7 Members is mandatory, and all directors must also be members
- The business objective should be focused solely on promoting the habit of saving and financial discipline among its members
- The company’s financial services must be limited strictly to its registered members
Mandatory Conditions After Incorporation
After obtaining your Nidhi Company registration in Delhi, the following conditions must be met within one year of incorporation:
- The company must have a minimum of 200 members within the first year
- Net owned funds must be ₹10 lakhs or more
- At least 10% of the total outstanding deposits must be kept as unencumbered term deposits (i.e., free from any financial liabilities)
- The deposit to net owned funds ratio must not exceed 1:20
Creating a Nidhi Company in Delhi is a smart decision for businesses looking to develop a community-based financial strategy. With less compliance requirements and a heavy focus on member welfare, it's an excellent choice for those wishing to set up a microfinance-style framework with legal backing.