Nidhi Company Registration in India

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      Nidhi Company Registration @ ₹ 30,999/-*

      • Company Name Reservation

      • Digital Signature Certificates (DSC) for all Directors

      • Director Identification Numbers (DIN) for all Directors

      • Certificate of Incorporation (COI) from the Ministry of Corporate Affairs (MCA)

      • Company PAN & TAN

      • Memorandum & Articles of Association (MOA & AOA)

      • Nidhi Company Rules Compliance (under Section 406 of the Companies Act, 2013)

      • RBI & MCA Compliant Company Master Data

      • Support for Opening a Bank Account

      • Guidance on Maintaining Net-Owned Funds (NOF) & Member Requirements

      • Includes Government & Professional Fees

      ⚠️ Note: Pricing may vary in states like Punjab, Madhya Pradesh & Kerala due to higher stamp duties.

      Required Documents for Nidhi Company Registration

      • Copy of PAN of Directors and Stockholders.

      • Copy of ID Proof of Directors and Stockholders. (Driving License, AADHAR, Voter ID, Passport)

      • Copy of Address Proof of Directors and Stockholders (Bank Statement/ Telephone Bill/ Mobile bill/Electricity bill)

      • Passport size Photographs.

      Property Ownership Documents of Registered office premises:

      • If property is owned: Electricity bill + NOC (if required) + Ownership Documents

      • If property is rented: Electricity bill +NOC + Rent Agreement

       

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      Nidhi Company Registration

      Looking to promote thrift and savings among a group of members through a legally recognized financial institution? Nidhi Company registration is the right choice — and you’re at the right place!
      At Mangalam Taxsavo Consultants Pvt. Ltd., we offer complete assistance for Nidhi Company registration under the Companies Act, 2013 and Nidhi Rules, 2014. Our experienced team of Chartered Accountants and legal experts ensures a seamless registration process, from drafting required documents to obtaining approval from the Ministry of Corporate Affairs (MCA).

      A Nidhi Company is ideal for those looking to operate a member-based finance business like accepting deposits and lending only to its members, with minimal RBI involvement.

      About Nidhi Company Registration

      A Nidhi Company is a type of non-banking financial company (NBFC) primarily focused on borrowing and lending money among its members. Governed by the Companies Act, 2013, and the Ministry of Corporate Affairs (MCA) regulations, Nidhi Companies promote the habit of savings and provide easy access to credit for their members.

      To register a Nidhi Company in India, you must have a minimum of three directors and seven members. Unlike other companies, Nidhi Companies can only accept deposits and provide loans to their members, fostering a mutual benefit community. This structure is ideal for cooperative savings and finance groups aiming to support their members financially.

      Characteristics of Nidhi Company Registration in India

      Members: Requires a minimum of 7 members. There is no upper limit on the number of members.

      Directors: Must have at least 3 directors to be incorporated.

      Limited Liability: Members’ liability is limited to the amount unpaid on their shares. Their personal assets remain protected.

      Separate Legal Entity: A Nidhi Company has a separate legal identity from its members and directors, allowing it to own property, incur debts, and enter into contracts independently.

      Perpetual Succession: The company continues to exist even if the directors or members change or pass away.

      Raising Capital: Nidhi Companies can accept deposits only from their members and provide loans to members, fostering mutual benefit but cannot raise capital from the general public.

      Compliance and Transparency: Must comply with regulations under the Companies Act, 2013, and the Nidhi Rules, file periodic returns, and disclose financial statements to ensure transparency and member confidence.

      Prospectus Requirement: Not applicable to Nidhi Companies as they do not offer shares to the public.

      Minimum Subscription: Not applicable since Nidhi Companies raise funds only from their members.

      Index of Members: Required to maintain a register of members as per the Companies Act, 2013.

      Company Name: The name of a Nidhi Company must end with the words “Nidhi Limited” to signify its nature.

      Requirements for Nidhi Company Registration

      Members (Shareholders)

      • Minimum: 7 members

      • Maximum: No upper limit
        As per the Companies Act, 2013 and Nidhi Rules, 2014

      Directors

      • Minimum: 3 directors

      • At least one director must be an Indian resident (must have stayed in India for 182+ days in the previous calendar year).

      • All directors must possess a valid Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA).

      Company Name

      • Must be unique, and not identical or similar to any existing company or trademark.

      • The name must end with “Nidhi Limited” as per regulatory requirements.

      • You must submit 3–4 name options to the Registrar of Companies (RoC) for approval.

      Registered Office Address

      • A temporary address can be provided during incorporation.

      • A permanent registered office address must be submitted post-incorporation.

      • This will be the official location where the company conducts its operations and maintains statutory records.

      Digital Signature Certificate (DSC)

      • Required for all directors.

      • Used to digitally sign the documents filed with the MCA during the registration process.

      • Must be obtained from a government-authorized certifying agency.

      Professional Certification

      • Incorporation documents must be certified by professionals such as:

        • Chartered Accountants (CA)

        • Company Secretaries (CS)

        • Cost Accountants (CMA)

      • Their professional signatures are mandatory on incorporation forms submitted to the MCA.

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      Advantages of a Nidhi Company

      Mutual Benefit and Savings
      Nidhi companies encourage thrift and savings among their members by accepting deposits and lending to them at reasonable rates.

      Limited Membership Restrictions
      Must have a minimum of 7 members, with no maximum limit, fostering a community-based financial structure.

      Limited Liability
      Members’ liability is limited to the amount unpaid on their shares, protecting personal assets.

      Separate Legal Entity
      A Nidhi company has its own legal identity, allowing it to own property, enter contracts, sue, or be sued in its name.

      Perpetual Succession
      The company continues to exist irrespective of changes in membership or management.

      Ease of Operation
      Nidhi companies operate with simpler compliance compared to banks and NBFCs, making them accessible for small savings and lending activities.

      Focus on Members
      Only members can deposit or borrow, ensuring the company serves its community with mutual benefits.

      Transparency & Compliance
      Must comply with provisions under the Companies Act, 2013 and Nidhi Rules, 2014, ensuring financial discipline and member protection.

      ⚠️ Key Considerations

      • Cannot carry out activities other than borrowing and lending to members.

      • Must maintain a net owned fund of at least ₹10 lakhs.

      • Cannot accept deposits from or lend to non-members.

      • Subject to periodic inspections by the Registrar of Companies (RoC).

      • Nidhi companies are ideal for promoting savings and financial inclusion among a close-knit group with simpler regulatory norms compared to banks or NBFCs.

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