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Nidhi Company Registration in India

A nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit. The basic concept of nidhi is "Principle of Mutuality". They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. This company's core business is borrowing and lending money between their members. These companies are more popular in South India, and 80% of Nidhi companies are located in Tamil Nadu.

Nidhi Company is in the form of Public Limited Company registered under the Companies Act, 2013. No RBI approval is required for forming a Nidhi Company as RBI has specifically exempted this category of NBFC in India to comply its core provisions such as registration with RBI etc. Nidhi Company Registration is regulated by the Central Registration Center (CRC), Manesar, Haryana on behalf of each state jurisdictional Registrar of Companies, Ministry of Corporate Affairs, Government of India. The governing law for the Nidhi Companies is Companies Act, 2013. The Government of India had announced on 26th January, 2018 that there is zero incorporation fee for the Companies registered with an Authorized Share Capital up to of Rs. 1,000,000/- (Rupees Ten Lakhs), subsequently it had been increased to Rs. 15 lakhs. The remaining fee such as Name Availability, Stamp Duty, Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) is applicable as usual.

To register a Nidhi Company, there should be three directors and seven shareholders. Every nidhi company must ensure within a period of one year from the commencement that it has not less than 200 members, the net owned funds should be Rs. 10 lakhs or more, the ratio of net owned funds to deposits should not be more than 1:20. If the number of mumbers do not exceed 200, then it has to apply for extension of time limit with the Ministry of Corporate Affairs.

Those who want to borrow and lend money in between them are required to register a Nidhi Companay.

The Nidhi Company registration in India is entirely online. If you’re looking to make your company registered, then CompaniesHouse is the team for you. Register your company online with us today and you’ll be on your way to operating a registered company under 10 working days.

Minimum Requirements to register a Nidhi Company:

Directors Three Directors
Shareholders Seven Shareholders
Authorised Share Capital Rs.5 lakhs
Paidup Share Capital Rs.5 lakhs
  • Three directors and Seven shareholders are rquired. The directors and shareholders may be the same persons. They should be majors. The director must be an Individual whereas the shareholder may be the body corporate. One of the directors must be resident Indian.
  • Authorised Share Capital is the amount up to which, you can invest in the company as share capital.
  • Paidup Share Capital is the amount up to which, you can deposit in the Company's Bank Account towards Share Capital.

Documents Required to register a Nidhi Company:

  • A

    Directors Documents

    1. Directors PAN
    2. Directors ID Proofs
      Aadhaar Card or Voter ID or Passport or Driver's License
    3. Directors Address Proofs:
      Latest one month Savings Bank statement or
      Latest Telephone Bill on his own name or
      Latest Moblie Bill on his name or
      Latest Power Bill on his own name.
    4. Directors latest passport size photograph
    5. Directors Email ids
    6. Directors Mobile Numbers linked with their Aadhar
    7. Incase of Foreign direcrtors, International Passport is mandatory
  • B

    Company Documents

    1. Registered Office Address Proof: Latest Power Bill
    2. No-objection letter from the Landlord.
    3. Rental Agreement from the landlord if the premises are rented.
    4. Company email id.

Benefits of a Nidhi Company Registration:

Limited Liability:

The liability of the members of the Company is limited. The Directors or Shareholders are not personally liable for the debts of the Company. For example, when Company is in default of repayment of debt or loan, there is a protection to the personal assets of the Directors or Shareholders. They can recover the loan amount only by selling the assets of the Company.

No RBI Approval:

No RBI approval is required for forming a Nidhi Company even this company's nature is similar to NBFC as RBI has specifically exempted this category of NBFC in India to comply its core provisions such as registration with RBI etc.

Mutual Benefit::

The members of the company can deposit amount into the company and can borrow loans from the company at a lesser rate of interest compared to the outside market rate. For one rupee of investment, he can get Rs. 20 as loan.

Director Dual Role:

The Director of the Company can be the employee of the Company. He can give his own premises on rent/lease to Company and Collect rent from it, he can give loan to the Company and can take loan from Company, he can supply goods or services to the Company and get consideration for that.

Separate Entity:

The members of the Company may come and may go but Company may not go that means the members are different and the Company is different. Company can own assets on it own name and can sell. It can sue and can be sued in a court of law.

Less Level of Risk:

There is a less level of risk as company provides loan to the members against the security.

Register your Company with us for less! Start here & Save! Contact Now!

Get Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, MSME, IEC, PF, ESI, PT*, Bank A/c, Share Certificates & GST Software along with your CIN under 10 working days!

How to Register a Nidhi Company

Below is the 3 step Company Registration process.
  • 1

    Digital Signature Certificates

    Through eMudhra - One Hour Job

    We will apply Class-III DSCs through eMudhra Portal Online. The OTPs will be generated on your Aadhar enabled mobile numbers, we will submit the same OTPs and then the system will send video recording link through SMS and email to you. The DSC will be approved by the eMudhra team after your video recording submission. Then we will download the DSCs in ePass Tokens and use these for signing incorporation forms.

  • 2

    Incorporation

    Through MCA Portal - 5 to 7 Days

    We will prepare the documents provided by you in an order ie. Pan, Id Proof and Address Proof as a single document, we will prepare the Form DIR-2, Form INC-8, Verification under Rule 25 of the Companies Incorporation Rules 2014, draft main objects of the company and then prepare the eSprice+ Form, eMOA, eAOA, eAGILE+ Form and upload with MCA portal by paying the requisite fee.

  • 3

    Certificate of Registration

    Through eMail - 1 Day

    After scrutiny, the officers of MCA will approve the form and issues you the Certificate of Incorporation through email. You will also get DIN approval letters through email from MCA. You will get ePAN and eTAN through email from NSDL. Further, your company's PF and ESI registration numbers will be generated automatically along with your Zero Balance Company's Current Account. We will also send you MOA, AOA and other documents through email.

What All You Get


  • Certificate of Incorporation
  • Articles of Association
  • GST Registration
  • Import Export Code
  • Digital Signature Certificates
  • Company PAN
  • MSME Registration
  • Commencement of Business
  • Director Identification Numbers
  • Company TAN
  • PF Registration
  • Company Resolutions
  • Memorandum of Association
  • Company Bank Account
  • ESI Registration
  • Company Agreements

Why CompaniesHouse?


As an Official Company Registration Agent, we have built strong ties with the Ministry of Corporate Affairs, Govt of India since our own formation. Since we began, our goal has been to provide a seamless incorporation process that is quick and simple to use. Today, our company registration system is one of the most effective and efficient in India. In just over 5 minutes you can submit your new company name application, and often in just 3-5 days, your company will be fully registered. We also keep our company formation pricing competitive, while always exploring innovative ways to provide value to our customers. We are pleased to be one of the most affordable ways to start a company in India.

We have the expertise to advise which is the correct corporate structure they need to put in place. Most customers come to us for help registering a company limited by shares. The limited company structure is popular as it allows profits to be distributed amongst the shareholders while at the same time protecting them through the limited liability aspect. Our team has well over 20-years of combined expertise forming companies and providing corporate and secretarial services that help thousands of our clients grow their businesses each year.

We are incredibly passionate about the quality of our service, and we are incredibly proud of our customer feedback, as shown by our excellent reviews and ratings. Time and time again, we are selected for the value and expertise that our team is known for. We have helped shape the industry by providing innovative business services and bundled packages that have evolved alongside the needs of our customers.

Our clients have access to free support from an expert team. We are always on standby to help. If you need assistance at any point before, during, and after the registration of your company, you will be able to reach us by telephone or email.


No Hidden Charges

We believe in clear and transparent pricing. The price advertised is the price you pay. There are no additional costs to register your business.

Speedy Service

In just over 5 minutes you can submit your new company name application, and often in just 3-5 days, your company will be fully registered.

20 Years Experience

We are experts in our field, our team has over 20 years experience. Take the hassle out of setting up your business, rest assured that you are backed with the support you need to succeed.

Trusted Service

Today our clients expect outstanding service. That's why we are so proud that 99% of our clients rate us "Great" and "Excellent" on Google.

Simplicity

The whole process, from ordering to using your company registrtaion license, is made as simple and easy as possible to help you build your business.

Privacy and Security

Customer privacy and security is paramount. We ensure your payment, company and personal information is protected at the highest level.

What Client Says

You are truly experienced in Company Registrations. Keep it up!

Ram Kumar Chilukuri Director, Anewa Engineering Pvt Ltd

Thanks for your continuous support. God bless you!

Nrupesh CFO, Blujay Solutions Private Limited

Thank you CompaniesHouse for saving in Income Tax!

Avtar Singh Managing Partner, Chetak Transporters

We are surprised to get our Company registered in one day. Thanks.

Mohammed Fasiuddin Director, Avidus Engineering Pvt Ltd

Thank you for the initial discussion as we choose best business format!

Lakshmi Keerthi Reddy Director, Lavanar Sea Food Farming Private Limited

Thank you CompaniesHouse for reminding on timely statutory compliance!

Rambabu Director, Cybervillage Solutions Pvt ltd

Register your Company with us for less! Start here & Save! Contact Now!

Get Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, MSME, IEC, PF, ESI, PT*, Bank A/c, Share Certificates & GST Software along with your CIN under 10 working days!

What Next Once the Nidhi Company is Registered

Congratulations!! on registering your new business venture. Most of the enterprenuers do not know what next once the Company is registered. You can find below the other mandatory registratons and statutory compliance requirements of a Company.


Other Registrations

  • A

    GST Registration

    GST registration is Mandatory if you are a Taxable dealer in sale of Goods or supply of Services. If the company is registered under Section 12AA of the Income Tax Act, 1961 and the services provided by the Company are for charitable cause, then GST is exempted.

  • B

    IPR Registration

    If you want to protect your Company, brand, literary work, invention, you need to apply for Trade Mark, Copyright, Patent respectively with the department of Intellectural Properties of India.

  • C

    Professional Tax Registration

    Professional Tax is Mandatory for the Companies registered in India. For all states it is not mandatory and infact only for 17 states it is mandatory.

  • D

    Shops & Establishments Registration

    Shops & Establishments registration is mandatory to register with the concerned State Labour Department.

  • E

    MSME Registration

    To avail the benefits under The Ministry of Micro, Small & Medium Enterprenuers Act, it is mandatory to get registered under this Act.

  • F

    Local Trade License

    The new company has to apply for Local Trade License with the Local Municipality or Municipal Corporation.

  • G

    PF Registration

    If your Company is covered under PF Act, you need to get the PF Registration. Now MCA is giving PF Registration along with Incorporation, you need not required to apply again separately, you need to enrol the employees once the threshold limit crosses.

  • H

    ESI Registration

    If your Company is covered under ESI Act, you need to get the ESI Registration. Now MCA is giving ESI Registration along with Incorporation, you need not required to apply again separately, you need to enrol the employees once the threshold limit crosses.

Company Compliance

  • 1

    Appointment of First Auditor

    You need to appoint a First Auditor of the Company with in 30 days from the date of Incorpration and file Form ADT-1 with MCA with in 15 days of appointment otherwise a maximum penalty of Rs. 3,900/- will be payable.

  • 2

    Commencement of Business

    You need to declare the deposit of Share Capital amount in Form INC-20A with the MCA with in 180 days of Incorporation, otherwise MCA will strikeoff your Company. Few banks also insists you to file this Form otherwise they will not activate your Company's Current Account.

  • 3

    Director KYC

    Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th April of the immediately next financial year. Failure to file attracts a penalty of Rs. 5,000/- per Director and his/her DIN will be deactivated by the MCA.

  • 4

    Board Meetings

    Section-8 Company has to hold a meeting of it's Board of Directors twice in a Year.

  • 5

    Annual General Meeting (AGM)

    Every Company has to hold a meeting of it's members called Annual General Meeting on or before 6 month after closure of it's financial year.

  • 6

    Annual Report

    Every Company has to file a report called it's Annual Report in Form AOC-4 with MCA with in 30 days from the date it's AGM.

  • 7

    Annual Return

    Every Company has to file it's Annual Return in Form MGT-7 with in 60 days from the date of it's AGM.

  • 8

    Form NDH-1

    Every Nidhi Company has to file Form NDH-1 containing all the details regarding the members, loans, deposits, reserves etc for the full financial year which shall be duly certified by a practicing professional.

  • 9

    Form NDH-2

    Every Nidhi Company has to file Form NDH-2 for extension of time to comply fulfilments in one year completion (ie. number of member to reah 200, net owned funds of the company falls below Rs. 10 lakhs, Unencumbered term Deposits are less than 10% of outstanding deposits and Ratio of net owned funds to deposit of more than 1:20).

  • 10

    Form NDH-3

    Every Nidhi Company has to file Form NDH-3 with in 30 days from closure of half year duly certified by a practicing professional.

  • 11

    Income Tax Return

    Every Company has to file it's Income Tax Return in form ITR-6 on or before 30th September of each year.

  • 12

    TDS Return

    Every Company which is subject to file TDS returns has to file it with in Due date to avoid penalty.

  • 13

    GST Returns

    Any Company which subject to file GST returns on QRMS basis has to file with in due date to avoid penalties.


Let's Clear Your Doubts


What is DIN?

DIN stands for Director Identification Number. Every Director of the company will get this unique Director Identification Number subsequent upon the Company Incorporation. With this DIN, he/she can register any number of companies.

A DIN holder has to file his KYC with MCA every year on or before 30th day of September otherwise a penalty of Rs. 5000/- will be imposed.

What is DSC?

DSC stands for Digital Signature Certificate. Class-III Digital Signature Certificate is required for each Shareholder while registering his/her company.

There are different companies who issue Class-III DSCs. These companies are called DSC Certifying Authorities. We have associated with eMudhra Tamil Nadu. eMudhra is one of the largest Digital Signature Certifying Authority in India.

What is Authorised Share Capital?

An authorized share capital is a share capital amount upto which the shareholders can invest in equity of the company.infact, this the permission limit to invest amount into Equity Sharecapital.

What is Paidup Sharecapital?

Paid up share capital is an amount, which is deposited by the shareholders of the compnay in company's bank account towards share capital.

Now the company can be registed with a minimum amount of share capital of Rs. 2/- ie. Rs.1/- investment by each shareholder.

What is CIN?

A CIN is a company identificaton number, which is generated by the Ministry of Corporate Affairs while generating the Certificate of Incorporation.

We can treat it as the company registration number.

What is the duration for Company Registration?

If we apply direct incorporation without applying for Certificate of Name Availability, it may take 3 to 5 working days. Some times, it may be incorporated even in one day.

But it is advisable to apply first company name and then incorporation and in this case it may take 10 to 15 days.

What is the Government fee for Company Registration?

For one lakh authorised share capital company, the total government fee including Digital Signature Certificates would be approximately Rs. 4,000/-.

CompaniesHouse is authorised by the Ministry of Corporate Affairs to provide company registration service throughout India at an affordable cost of Rs. 1,999/-.

Can I start company from my home address?

Yes, you can start a Company from your home address too.

Can I register my Company on my own?

No, you can not register Company on your own as Professionals like Company Secretary/Chartered Accountant has to sign digitally along with a Director on the application forms, then only your Companay will be registered.

What is minimum amount of Sharecapital with wich I can start my Company?

Rs. 5 Lakhs.

What are the minimum number of Directors required to register a Nidhi Company?

Minimum of three directors are required to register a Nidhi Company.

What are the minimum number of members required to register a Nidhi Company?

Minimum of seven members are required to register a Nidhi Company.

Who can apply for registration of a Nidhi Company?

Those who want to borrow and lend money in between them are required to register a Nidhi Companay.

Register your Company with us for less! Start here & Save! Contact Now!

Get Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, MSME, IEC, PF, ESI, PT*, Shops & Establishments Registration*, Bank A/c, Share Certificates & GST Software along with your CIN!