Incorporate a Public Ltd.Nidhi & company registrations with minimum paid up equity share capital of Rs. 5,00,000 with the sole object of lending and borrowing within the members.
Company must be incorporated with ‘Nidhi Ltd.’ as last words in their name.Nidhi & company registrations ,Company should ensure that it has minimum 200 members,Rs. 10,00,000 or more of Net Owned Funds, maximum ratio of N.O.F to Deposit 1:20,debt free term deposits of not less than 10% of the outstanding deposits, etc. Company is then required to file after the close of the first financial year NDH-1 or NDH-2 within 90 days or 30 days with ROC or RD respectively.