Nidhi Company Registration in Bangalore

Solubilis offers seamless Nidhi company registration in Bangalore with over 10 years of expertise. Serving major localities like Kr Puram, Electronic City, Domlur, Shanti Nagar, and Majestic, we set a new trend in meeting the increasing financial needs of the market. As a non-banking finance sector entity, Nidhi Company specializes in borrowing and lending money, registered under the Indian Companies Act 2013, Section 406. The fundamental principle of mutuality shapes Nidhi Company's operations, making it prominent in Bangalore.

Controlled by Nidhi Rules 2014 under the Central Government of India, registered Nidhi companies must bear the name "Nidhi Limited." Operating by depositing money from shareholders and members, Nidhi Company does not require RBI approval for registration. To initiate the process, three directors are needed. Within the first year, every Nidhi company must maintain a minimum of 200 members, regulated by the Ministry of Corporate Affairs. Trust Solubilis for expert guidance and hassle-free Nidhi company registration in Bangalore.

Proposed director & Shareholder - Indian Citizen:

  • Submit PAN Card
  • Aadhar Card
  • Latest proof of address (Bank Statement, Telephone, EB, or Mobile Bill).
  • Recent passport-size photo.

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

Register Office documents:

  • If the office is rented, a rental agreement is mandatory for Nidhi Company registration in Bangalore.
  • Submit the 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.

Benefits of Nidhi Company Registration

Nidhi Company Registration offers several benefits:

  • Simple documentation

    Streamlined and hassle-free documentation process. Registration is easily accomplished through the online portal.

  • No Compliance to RBI

    Nidhi Company formation doesn't require approval from RBI, simplifying the registration process.

  • Less level of Risk

    Lower risk of loan repayment compared to other finance sectors, providing a more secure financial environment.

  • Nidhi Companies charge minimal interest rates.
  • Funds raised are limited to available credit, creating a more controlled financial structure compared to other finance companies.


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. Trust Solubilis for seamless registration outcomes.

Nidhi Companies, akin to Public Companies, adhere to the regulations of the Companies Act, 2013.
1. While RBI provisions on deposit interest rates apply, core RBI regulations are exempted.
2. 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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