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Nidhi Company Registration

at Just


Expected To Be Complete* : 13 Aug 2024

Inclusive of government fees for Name Approval and authorised capital of INR 1 lakh and digital signature certificate for 7 subscribers.
Note : Above mentioned government fees as per Delhi state , for any state Government fees exceed INR 500 shall be collected extra.

Nidhikhata Best online Nidhi Company Software

Documents Required

Company Details 

1. Two Proposed Names

2. Objective of the proposed company

Director’s Documents 

1. PAN Card of all the Directors

2. Photograph of all the Directors

3. Aadhar Card of the Directors

4. Mobile and Email of all the Directors

5. DL/Voter ID/ passport, anyone documents of all the directors

6. Bank statement/ passbook/ Electricity Bill in the name of the

directors, anyone documents of all the directors

Proof of Registered Office

1. Latest Utility Bill i.e. Electricity

2. Ownership Proof i.e. Property Tax, Sales deed, etc.

3. If rented place then NOC in the name of the company


Note:  Subscribers must have a hard copy of PAN and Address proof for the video verification of obtaining a digital signature (DSC)


  1. Certificate of incorporation
  2. Company name approval  
  3. Director identification numbers (DIN) 
  4. Digital signature token for directors 
  5. Memorandum of association 
  6. Articles of association 
  7. ESI/PF registration
  8. Company PAN card 
  9. Company TAN number  


Step-1 Choose a unique name for your company using  Spice+ Part-A.

Step-2 Apply for DSC for subscribers.

Step-3 Drafting of DIR-2 & other documents.

Step-4 Online preparation of Spice+ PartB , eMOA, eAOA & AGILEPRO.

Step-5 Online filing of Spice+ Part B, eMOA, eAOA & AGILEPRO.

Step-6 Get a certificate of incorporation, PAN & TAN of your company.

Time Taken

One week post submission of documents

Nidhi Company Registration Process, Documents and Price

The Nidhi Company Registration process in India is the first step towards the formation of a new company. Find out how to register your company with the Ministry of Corporate Affairs. A Nidhi Company in India is one that belongs to the non-banking finance sector and is recognized under the Companies act,2013.  Their core business is borrowing and lending money between their members. 

They are also known as Permanent Funds, Benefit Funds, Mutual benefits funds, and Mutual benefit companies. They are regulated by the Ministry of Corporate Affairs,  Government of India. Nidhis are most popular in south India and are highly localized single-office institutions. They are mutual benefit societies because their dealings are restricted only to the members and membership is limited to individuals. The loans are given for housing construction or repairs and are generally secured.

Nidhi Company Registration in India

The Nidhi Company Registration process in India is one of the most preferred options for entrepreneurs to start their businesses in India. If you are looking for the Nidhi Company Registration service, you are at the right place. You can check below the Nidhi Company Registration in India Process 

No RBI approval is required to register the company, as RBI has specifically exempted this category of NBFC in INDIA.

Nidhi Company Process

Is simple and quick. Learn the steps to register the Nidhi company in India. For the Nidhi company process, the normal procedure for registration of a public company is required, such as obtaining the availability of a name, filing of MOA and AOA, and other documents.

Care must be taken to see that the object clause of the MOA should restrict itself to the object of cultivating the habit of thrift and savings amongst its members. The name of the company should end with “ NIDHI LIMITED”

The Nidhi Company process is one of the most important parts of starting up a business. If you are setting up a private limited company, you will need to register the company with the Registrar of Companies within 15 days of starting the business.

After Nidhi company, every Nidhi shall ensure that it has-

(a) Not less than 200 members.

(b) Net-owned funds of Rs10 lakh or more.

(c) Unencumbered term deposit of not less than 10% of the outstanding deposit.

(d) Ratio of Net owned funds to deposit of not more than 1:20.

Benefits of Nidhi Company in India

1) A Nidhi company mobilizes small savings, most of the middle class, and disburses loans to eligible borrowers.

2) The repayment is guaranteed, as the loans are secured and due to peer pressure, borrowers ensure that the loans are repaid on due dates.

3) Nidhi companies offer a higher rate of interest on deposits. This makes it an attractive investment opportunity for people, especially senior citizens.

4) The board of directors of Nidhi company normally consists of senior persons who have experience in handling finance and who are well respected in social circles.

Branches of Nidhi Company 

i. A Nidhi company can open branches only if it has earned net profits after tax continuously for 3 years.

ii. A Nidhi company can open up to 3 branches within the district.

iii. If Nidhi company proposes to open more than 3 branches within the district it should obtain the prior permission of the Regional Director.

iv. No Nidhi company shall open any branches or collection centers or offices unless financial statements and annual returns are filed with ROC.

v. A Nidhi shall close its branch only after giving any intimation to the registrar within 30 days.

Deposits in Nidhi Company

1) The FD shall be accepted for a minimum period of 6 months and a maximum period of 60 months.

2) RD shall be accepted for a minimum period of 12 months and a maximum period of 60 months.

3) The maximum balance in a savings deposit account shall not exceed Rs. 100000 and the rate of interest shall not exceed 2%.

4) A Nidhi company shall not repay the deposit within 3 months from the date of acceptance.

5) The depositor shall not be entitled to any interest for 6 months from the date of deposit.

Loans in Nidhi Company

1) The loans are provided only to the members of the Nidhi company.

2) The loans given by Nidhi company to the members are as follows;

(a) Where the total amount of deposit from members is less than Rs 2 crores- 2 lakhs

(b) Where the total amount of deposit by members is more than Rs 2 crores but less than Rs 20 crores- 7.5 lakhs

(c) Where the total amount of deposit made by the members is more than Rs 20 crores but less than 50 crores- 12 lakhs

(d) Where the total amount of deposit made by the members is more than 50 crores – 15 lakhs

3) A Nidhi shall give loans to its members against securities like gold, silver, jewelry, immovable property, fixed deposit, national savings certificate, and other government securities and insurance policies.

4) The rate of interest charged on any loan given by Nidhi shall not exceed 7.5%.


Characteristics of Nidhi Company

1. It is allowed to transact business only with its members and with nobody else.

2. Nidhi companies cannot issue preference shares.

3. They do not operate on an Indian basis.

4. They are incorporated as public companies with a minimum paid-up equity share capital of Rs. 5,00,000.

5. The loans provided by these companies are fully secured.

6. Nidhi can declare dividends not exceeding 25%.

7. A director of Nidhi company shall hold office for 10 consecutive years.

Why Companify? 

Registering a company is a simple process but it requires professional guidance. We at Companify help you to take a step forward in owning your company by providing you with a hassle-free process of company registration. Our team of experts will guide you at each step so that you can make the right decision as per your need. We have different company registration packages as per your requirements.

FAQs of Nidhi Company Registration

A Nidhi company is a non-banking financial company (NBFC) in India that deals with borrowing and lending money to its members. It is regulated by the Ministry of Corporate Affairs (MCA) and must comply with specific regulations.
Nidhi company registration is the process of incorporating a Nidhi company in India. It involves obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), and filing the necessary documents with the Registrar of Companies (ROC).
The requirements for Nidhi company registration include a minimum of 7 shareholders, 3 directors, a minimum paid-up capital of Rs. 10 lakhs, a registered office address, and compliance with the Companies Act, 2013.
The cost of Nidhi company registration includes government fees, professional fees for legal and accounting services, and other miscellaneous expenses. The total cost can range from Rs. 20,000 to Rs. 30,000 depending on various factors. (But Companify is offering you only just 18999/-)
No, a Nidhi company cannot raise funds from the public. It can only accept deposits and provide loans to its members. It must comply with the restrictions and regulations imposed by the Reserve Bank of India (RBI)
No, a Nidhi company cannot raise funds from the public. It can only accept deposits and provide loans to its members. It must comply with the restrictions and regulations imposed by the Reserve Bank of India (RBI)

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