Nidhi Company Registration in Chennai

Solubilis facilitates Nidhi company registration in Chennai, Bangalore, Hyderabad, and Cochin. A Nidhi Company, governed by the Companies Act, 2013, aims to instill thrift and savings habits among members. It accepts deposits and lends money exclusively to its members, adhering to the Nidhi Rule of 2014 set by the Central Government. Notably, specific provisions of the Company Act may not apply or may be modified for Nidhi Companies, as directed by the government. A key requirement is that every Company with Online Nidhi Company registration in Chennai must include "Nidhi Limited" in its name. Trust Solubilis for a seamless registration experience, ensuring compliance with all regulatory norms.

Requirement to start a Nidhi Company:

To launch a Nidhi Company, ensure the following within one year of commencement:

  • Maintain a minimum of 200 members and possess a net owned fund of ₹10 lakh.
  • Keep unencumbered term deposits equal to at least 10% of the outstanding deposits from members.
  • Conduct activities like chit funds and hire purchase leasing finance.
  • Refrain from issuing preferences, debentures, or other debt instruments. Prohibit the opening of current accounts with members.
  • Cap the deposits accepted at 20 times the company's net owned fund value.

Solubilis ensures compliant and hassle-free Nidhi Company setup.

Proposed director & Shareholder - Indian Citizen:

  • PAN Card
  • Aadhar Card.
  • latest proof of address (Bank Statement, Telephone, EB, or Mobile Bill)
  • Include a recent passport-size photo

These are necessary for online Nidhi Company registration in Chennai.

Proposed director & Shareholder - Foreign National:

  • A Copy of Passport ( Notary and Apostille is required )
  • A copy of address proof ( Notary and Apostille is required )
  • A copy of nationality proof ( Notary and Apostille is required ) One passport size photo for Nidhi Company registration in Chennai

Register Office documents:

  • If the office is rented, a rental agreement is mandatory for Nidhi Company registration in Chennai.
  • Latest electricity bill (not exceeding two months).
  • If not rented, an occupant must furnish a No Objection Certificate (NOC) from the landlord to conduct business.

Solubilis ensures smooth document submission process.


A Nidhi Company with Nidhi Company registration accepts deposits and provides loans on demand, resembling an NBFC. The key distinction lies in Nidhi Companies accepting deposits solely from their members. Simplify your understanding of financial entities with Solubilis – your guide to Nidhi Company nuances.

No, a Nidhi Company cannot accept deposits from non-members. Unlike traditional financial entities, Nidhi Companies exclusively receive deposits from their members. This unique feature ensures a close-knit financial relationship, fostering trust and mutual benefits within the Nidhi community.

Upon completion of registration, you receive essential documents, including the Certificate of Incorporation and Memorandum & Articles of Association. These documents signify the legal establishment of your entity, providing a solid foundation for your business journey. Solubilis ensures seamless online Nidhi company registration outcomes.

Following provisions are applicable to Nidhi Companies.
1. Nidhi Companies, akin to Public Companies, adhere to the regulations of the Companies Act, 2013.
2. While RBI provisions on deposit interest rates apply, core RBI regulations are exempted.
3. The governing framework for Nidhi Companies includes the Nidhi Rules, 2014. Solubilis ensures your Nidhi Company aligns seamlessly with the established legal and regulatory norms.

After Nidhi Company incorporation, ensure:
1. A minimum of 200 members/shareholders.
2. Maintain a Net Owned Fund of Rs. 10 Lakhs.
3. Secure unencumbered term deposits, constituting at least 10% of the total term deposit.
4. Maintain a favourable ratio of Net Owned Fund to term deposit, not less than 1:20.

• Nidhi Companies employ funds by lending to shareholders, adhering to Nidhi Rules. • These loans take the form of small financial assistance, supporting businesses and facilitating financial needs.

In a Nidhi company, minors cannot be members, yet deposits can be accepted in their name. The deposits must be made by their natural or legal guardian, who is also a member of the respective Nidhi, ensuring financial inclusivity and security.

Nidhi Companies extend loans exclusively to members, requiring security such as gold, silver jewellery, or other financial assets. This ensures responsible lending practices, fostering a secure financial environment.

No, Nidhi Companies are prohibited from issuing preference shares as per regulatory guidelines, ensuring simplicity and transparency in their structure.

Nidhi Companies follow Nidhi Rules, directing funds towards lending to shareholders. These loans take the shape of small financial aids, supporting businesses and fulfilling financial needs.

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