NIDHI Company

Mutual benefit finance company for accepting deposits and lending to members

INR 11,999/- onwards

Incorporation as Public Limited Company with NIDHI objects
Minimum paid-up capital of INR 10 lakh and 200 members within 1 year
NDH-4 application for NIDHI declaration within 120 days of incorporation
Annual compliance — AOC-4, MGT-7, NDH-1 (annual return), NDH-3 (half-yearly return)
Statutory audit and compliance under NIDHI Rules 2014
Net Owned Fund (NOF) and deposit ratio compliance monitoring
Board and general body meeting agenda, notice and minutes
RBI compliance guidance for deposit-taking operations