Nidhi Company is recognized under section 406 of the Companies Act, 2013. It is type of a company which is Non-Financial banking Sector. The Core is to borrow from its members and then lend to its members only. These are also known as permanent fund or Benefits Funds.

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We at legalwiser promote every individual to be an entrepreneur and start their own business and contibute to the society.

Easy formation

No RBI regulations

Cost efficient registration

Low Risk

Requirements to Register

  • Obtaining DSC
  • Directors Identification Number (DIN) of directors.
  • Selecting and Approval of Name
  • Preparing Documents, MOA and AOA of the company


  • Passport-sized photographs
  • No Objection Certificate (NOC) (signed by the landlord/owner)
  • Recent Bank Statement, Driving License, Residence Card
  • Pan Card, Aadhaar Card, Voter’s ID
  • Electricity bill / Gas Bill / mobile Bill


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