Nidhi Company Registration in India: Process, Documents, Fees & Benefits

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The team guided us perfectly through every step of the Nidhi registration. Quick, affordable, and truly professional. Highly recommend

Ravi Malhotra, Delhi

Excellent support throughout! Their experts handled all paperwork, DIN, DSC, and MCA filings smoothly. Hassle-free experience

Pooja Iyer, Bengaluru

Setting up our Nidhi Company was smooth and stress-free due to their proactive approach, clear communication, and timely updates at every stage. Truly a professional and supportive team

Sandeep Sharma, Jaipur

Their team ensured our registration was seamless, from documentation to post-compliance help. Very reliable and efficient

Meenal Deshmukh, Pune

Truly impressed by their professional approach! Every service was delivered on time and within the estimated cost. The entire process was smooth, efficient, and exceeded our expectations

Naveen Reddy, Hyderabad

Nidhi Company Registration in India: Process, Documents, Fees & Benefits

Are you looking to start a financial business with minimal capital and maximum trust? A Nidhi Company is one of the most affordable and straightforward ways to begin your journey in the finance sector, especially if you’re aiming to promote savings among members and offer secured lending. Recognized under Section 406 of the Companies Act, 2013, and governed by the Ministry of Corporate Affairs (MCA), a Nidhi Company operates primarily for the mutual benefit of its members.

Here’s everything you need to know about Nidhi Company Registration in India, including the process, documents required, government fees, and key benefits.

What is a Nidhi Company?

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that is formed to promote the habit of thrift and savings among its members. It accepts deposits and lends to its members only, making it a mutual benefit society.

It is ideal for people wanting to form a community-based finance group without requiring RBI approval.

Process of Nidhi Company Registration

Registering a Nidhi Company involves several steps but can be completed smoothly with the right professional guidance.

Step-by-Step Process:

Obtain Digital Signature Certificates (DSC): All directors must obtain DSCs to sign electronic documents.

Director Identification Number (DIN): DIN is mandatory for all proposed directors.

Name Reservation: Apply through the RUN (Reserve Unique Name) service on the MCA portal. The name must include “Nidhi Limited”.

Drafting of Incorporation Documents: Prepare Memorandum of Association (MoA) and Articles of Association (AoA) stating the objective of promoting thrift and savings.

Filing for Incorporation (SPICe+ Form): Submit the incorporation form online with the MCA along with all supporting documents.

Certificate of Incorporation (COI): Once approved, you will receive the COI from the Registrar of Companies (ROC).

Apply for PAN & TAN: These are needed for opening a bank account and tax-related matters.

Open Company Bank Account: A current account should be opened in the company’s name.

Post-Incorporation Compliance:
- Minimum 200 members within one year.
- Net Owned Fund (NOF) of at least ₹10 lakhs.
- Unencumbered term deposits of at least 10% of the outstanding deposits.

Documents Required for Nidhi Company Registration

For Directors/Shareholders:

PAN Card (Mandatory)
Aadhaar Card / Voter ID / Passport / Driving License
Passport-size photographs
Address proof (Utility Bill / Bank Statement – not older than 2 months)

For Registered Office:

Rent agreement (if rented)
NOC from the owner
Electricity bill or property tax receipt

Other Documents:

MoA & AoA
Declaration by directors and subscribers
DIN & DSC details

Government Fees and Charges

While the exact cost may vary depending on professional charges and stamp duty of the respective state, the approximate breakdown is:

Digital Signature & DIN: ₹1,500 – ₹3,000 per director

Name Reservation: ₹1,000

Stamp Duty (varies by state): ₹1,000 – ₹5,000

Filing Fees with MCA: ₹3,000 – ₹5,000

Professional Fees (CA/CS/Lawyer): ₹8,000 – ₹15,000

Total Approximate Cost: ₹15,000 to ₹25,000

Key Benefits of Registering a Nidhi Company

1. ✅ No RBI Approval Needed: Operates under the Companies Act, making it easier to register and manage.
2. ✅ Encourages Savings: Promotes the habit of thrift among members.
3. ✅ Low Financial Risk: Deals only with members, reducing financial exposure.
4. ✅ Easy Lending & Borrowing: Members can avail of credit at reasonable rates.
5. ✅ Separate Legal Entity: A Nidhi Company is distinct from its owners.
6. ✅ Limited Liability: Shareholders’ liability is limited to their share capital.
7. ✅ Tax Benefits: Lower compliance cost compared to other NBFCs.

Why Choose Us for Nidhi Company Registration?

We offer end-to-end assistance for Nidhi Company registration, from documentation to post-registration compliance. With expert legal and financial advisors, we ensure a hassle-free and fast registration process tailored to your business goals.

Our Services Include:

Expert consultation
DSC and DIN procurement
Drafting MoA and AoA
MCA filing and registration
Post-registration compliance guidance

Get Started Today

Make your mark in the financial sector with a registered Nidhi Company. Whether you are a startup or a growing business aiming to serve a community through collective financial practices, we’re here to support you every step of the way.

Email us: info@taxnca.online
Call us: +91-XXXXXXXXXX
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