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Company Registration

Nidhi Company Registration @ 19999/- ₹

  • Company Name Reservation
  • DIN & Digital Signature for 3 Directors
  • Minimum 7 Shareholders
  • Minimum 5 Lakhs Capital
  • MOA & AOA
  • Share Certificates
  • Guidance to open local Bank Account
  • Includes Government & Professional Fees
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Nidhi Company Registration

Are you looking for Company Registration? Then you are in the right place because Finance Bazaar gives the fastest Nidhi company registration package across India. We take around 25 days to register your Nidhi Company.

We offer you the cheapest NIDHI registration service across India because we know that you are starting your Nidhi Company with your savings and target is familiar public. At Finance Bazaar, we work with experienced Company Secretaries & Chartered Accountants to handle your NIDHI company registration.

In India, maximum of the startups want to know about the actual costing of corporation registration in India because they visit a lot of, but a maximum of the website and CA’s gives them special pricing so today we discussed the Process, Fees and Documents are required for registration. In this article, I will guide about all the requirement for the company registration in India.

What is Nidhi Company?

It is registered under the Companies Act, 2013, which has the single aim of developing the habit of saving and profits amongst its members. Nidhi companies are allowed to take a deposit from their members and lend to their members only. The funds contributed to a Nidhi company are only from its members (stockholders) and used only by the stockholders of the Nidhi Company.

Nidhi Company is a class of RBI and NBFCs is allowed to issue directions to them in matters linking to their deposit acceptance activities. In compliance of the fact that these Nidhis deal with their stockholder-members only, RBI has released the notification Nidhis from the core provisions of the RBI Act and other directions suitable to NBFCs. Therefore, Nidhi Company is an ideal object to take a deposit from and give to a specific group of people.

Nidhi Company Registration Process

Usually, Process takes up to 25 days, Registration of a Nidhi Company consists of the following steps:

Least 7 Members and 3 Directors will be needed to start the Incorporation of Nidhi Limited.
Apply for DIN and DSC.
After getting the DIN and DSC, file an application in INC-1 to MCA for reservation of name of Nidhi Company.
Once the name is confirmed, Prepare Memorandum of association and Articles of Association according to Nidhi objects and all other needed documents correctly.
Apply for Incorporation.
Get the Incorporation Certificate.
Apply for PAN and TAN

The Ministry of Corporate Affairs (MCA) has announced an open incorporation form INC-32. Now, a corporation can be organized online by filling the Clear Proforma for Incorporating Company Electronically (SPICe) form in Form INC-32 (using Digital Signature Certificate of the Director)along with (eMoA) in Form INC-33 and (eAoA) in Form INC-34.

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

Apart from all these certificates, some other required documents will be prepared by your Corporate Professional, i.e. CS/CA for submission to ROC.

Limitations and Rules on Nidhi Company Registration

There are some limitations on Nidhi Companies under Nidhi Rules, 2014. According to Rule ‘6’ of Nidhi Rules, 2014, a Nidhi Company shall not:

Carry on the business of- Chit Fund, Hire Purchase investment, Leasing Investment, Acquisition or Insurance of Securities issued by anybody corporate.
Issue Preference Shares, Debentures or Any other money means by any name or in any form whatsoever.
Open any Current Account with its members.
Get another company by Purchase of securities or control the composition of Board of Directors of any company in any manner whatsoever or enter into any arrangement for the change of its management unless it has approved by a Special Resolution in its general meeting and also obtain the prior approval of Regional Director.
Carry on any business other than borrowing/lending in its name.
Accept deposits from or loan to any person, different than its members.
Pledge any of the assets that have been lodged by its members as security,
Take Deposits from or lend funds to anybody corporate,
Join into any Partnership Arrangement in its renting or borrowing activities,
Issue or cause to be published any notice in any form for soliciting deposit,
Spend any brokerage or incentive for mobilizing deposits from members or for deployment of stocks or the granting loans.

(Nidhi which have adhered to all the provisions of Nidhi Rules may provide locker facilities on rent to its members on a rental basis, but the rental income from such facilities not exceed 20% of the gross income of the Nidhi at any point of the time.)

(Private circulation of the details of Fixed Deposit Scheme among the members of Nidhi carrying the words “For Private Circulation to Members only” will not be considered as an advertisement.)

If you don’t have time to follow the above steps, then you can visit or call finance bazaar. We are providing all services for startups, businesses like Company Registration, Digital Signature Certificate (DSC), Limited Liability Partnership, Public Limited Company, Nidhi Company. So you can call us or mail us to register your company today, you can also get free advice with our expert chartered accountant. We provide one of the best services in India without any hidden cost, and we also register your business on time.

We provide Nidhi Company Registration and many more services in all over India

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