Eligibility for NIDHI Company Registration
The eligibility requirements to meet in order to register as a Nidhi Company are listed below:

Nidhi companies are required to have a minimum of 200 shareholders in addition to their core members. A corporation can only file for Nidhi company registration after it reaches this minimum shareholder count.

A company’s net owned finances must be at least Rs. 10 lakh in order to qualify as a Nidhi corporation. This needs to be adhered to in order to register. A corporation cannot register as a Nidhi company if it has less than the minimum quantity of net-owned funds.

For any company to register with Nidhi Company, the ratio of deposits to net-owned funds cannot be greater than 1:20. A ratio higher than this is not acceptable when registering a Nidhi corporation.

10% of the total amount of outstanding deposits must be in unencumbered term deposits for a company to be eligible for registration as a Nidhi Company. More than 10% in term deposits is acceptable; however, less than 10% is not thought to be sufficient for the registration of a Nidhi firm.

“Nidhi Limited” must always appear in the company name.
Public companies are those that are registered under the Nidhi company.

A minimum of Rs. 5 lakh in equity share capital had to be provided by the registered company.