Build a Trusted Community Finance Institution with FinnovateAI
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) registered under Section 406 of the Companies Act, 2013 and regulated by MCA. It is created to cultivate the habit of savings among members and lend funds within the group.
Similarly, a Chit Fund Company operates as a community-based saving & borrowing model, regulated under the Chit Funds Act, 1982. Both structures are ideal for small finance businesses, micro-lending, and savings groups, offering credibility and legal protection.
At FinnovateAI, we handle end-to-end registration & compliance for Nidhi and Chit Fund companies so you can focus on building a trusted member network.
Why Start a Nidhi / Chit Fund Company?
- Legal Recognition – MCA & RBI oversight builds trust
- Community Savings Model – promote thrift among members
- Easy Lending & Borrowing – credit only among members (low risk)
- Limited Liability Protection for shareholders
- Low Capital Requirement (?5 lakh to start, ?10 lakh within 1 year for Nidhi)
- Trusted Financial Model – recognized under Indian law
Our Incorporation Package Includes:
- Name approval from MCA
- DSCs & DINs for directors
- Drafting MoA & AoA with Nidhi/Chit objectives
- Filing incorporation forms with ROC
- Certificate of Incorporation from MCA
- PAN & TAN Registration
- Bank account opening support
- Advisory on RBI & MCA post-incorporation compliances
- Drafting Bye-laws/Rules for Chit Fund companies
Why FinnovateAI?
- Expertise in financial services incorporations (NBFC, Nidhi, Chit Fund)
- Step-by-step guidance on RBI/MCA/Chit Fund Act compliance
- 100% online registration & documentation
- Transparent pricing - no hidden costs
- Positioned as India's first e-commerce store for CA & financial compliance services
How It Works
- Select "Nidhi/Chit Fund Incorporation" & add to cart
- Upload necessary documents securely
- Our experts prepare filings & compliances
- Get your Certificate of Incorporation + Banking Setup online