Nidhi Company Registration in Bangalore

Nidhi company registration in Bangalore can be registered through solubilis who provides their finest service with a 10+ years of experience in the registration sector. We serve in major localities of Bangalore like Kr Puram, Electronic city, Domlur, shanti Nagar and majestic, etc. Nidhi Company sets a new trend in increasing the financial needs at the financial market. It’s a type of non-banking finance sector- borrowing and lending money is their business. It is registered under the Indian companies act 2013 section 406. Principle of mutuality is the fundamental concept of Nidhi Company and this form of business is prominent in Bangalore.

Nidhi Company is controlled by Nidhi Rules, 2014 under the Central Government of India. Registered Nidhi companies should mention their name as Nidhi limited and business of core is lended by depositing the money of shareholders and its members. In Nidhi Company, the approval of RBI is not necessary. To register the Nidhi Company, it requires three directors in the beginning. In commencement of one year, every Nidhi company ensures that it has not less than 200 members and it is regulated by the ministry of corporation affairs.

Proposed director & Shareholder - Indian Citizen:

  • PAN Card
  • Aadhar Card.
  • Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill or Mobile bill(Latest of Two months)
  • 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 rental, rental agreement is Mandatory
  • Electricity bill (Not more than two months old required to be submitted)
  • A Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.

Benefits of Nidhi Company Registration

  • Simple documentation

    Simple and hassle - free documentation process. Nidhi Company registration in Bangalore is done easily through the online portal.

  • No Compliance to RBI

    To form a Nidhi Company RBI approval is not necessary

  • Less level of Risk

    Compared to other finance sector, risk of loan repayment is less.

  • In Nidhi Company, the minimal rate of interest is charged.
  • The funds raised are limited to the availability of the credit and compared to the other finance companies, Nidhi Company is limited.


A Nidhi Company is a Company which carries on the business of accepting deposits and lending the same on demand. Nidhi Company is similar to NBFC but the only basic difference between the two is that Nidhi Companies accept deposits only from its members.

Solubilis is the best service provider; we take 5-7 days to register the private limited company.

No, all the financial transactions have to be made only between the shareholders of the company.

Following provisions are applicable to Nidhi Companies.
1. As they are incorporated into the nature of Public Company so rules and regulations of Companies Act, 2013 are applicable.
2. RBI provisions related to Interest rate payable on deposit are applicable to Nidhi Companies. But the core provisions of RBI are not applicable to Nidhi Companies as RBI has exempted the Nidhi Companies from the same.
3. Nidhi Rules, 2014.

Once the Nidhi Company is incorporated it must fulfil the following requirements:
1. It must have at least 200 members/shareholders.
2. Minimum Net Owned Fund should be Rs. 10 Lakhs.
3. Unencumbered term deposit must be at least 10% of the term deposit.
4. The ratio of Net Owned Fund to term deposit should not be less than 1:20.

The Nidhi Company uses the funds in lending to shareholders as per Nidhi Rules. It lends such money in the form of small loan for business and finance.

A minor shall not be admitted as a member in a Nidhi company, But deposits may be accepted in the name of minor, if they are made by natural or legal guardian who is a member of the respective Nidhi.

Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewellery or any type of financial securities against the loan.

Nidhi shall not issue preference shares.

The Nidhi Company uses the funds in lending to shareholders as per Nidhi Rules. It lends such money in the form of small loan for business and finance

Online Meeting

Instant Online Meeting