Nidhi Company Registration in India

Rs 4,999/- only

(Professional Fees)

Get your nidhi company registered from Zebotax, one of the best nidhi company registration consultants in India. Just Scroll down to know the Nidhi company registration process in India.

Minimum requirements for Nidhi Company Registration in India

  • Minimum of seven members and three directors are required to register a private limited company
  • The directors and shareholders can be same person
  • Minimum Capital requirement of Rs.10 Lakhs
  • At least one director must be a resident of India (that person must have stayed in India for at least 182 days in the previous financial year)
  • The company name should be unique and should not be identical or similar to any of the existing company. The producer company should have a registered office within India
  • The company should not be engaged in any illegal or prohibited business activities
  • Director Identification Number (DIN) and Digital Signature Certificate (DSC) are mandatory for the directors of the company

Documents Needed for Nidhi Company Formation

  • PAN Card copy of each Director / Member
  • ID Proof of each Director (any one)
    Election Card / Driving License / Aadhar Card / Passport Copy
  • Residence Address Proof of each Director (any one)
    Bank Statement (up to one month old) / Bank Passbook with last one month entries / Latest Electricity Bill on director’s name / Mobile Bill (postpaid) / Landline Bill (postpaid)
  • 1 Colour Photograph of each Directors
  • Place of Business Proof (any one) + NOC (if any)
    Electricity Bill / Mobile Bill / Landline Bill / Gas Bill
  • Any other document specially required by ROC (if any)
  • * Special Requirement in case of Foreign National: Passport Copy of each Foreign Director (mandatory)

Steps Involved in Nidhi Company Incorporation in India

The process for registering a nidhi company in India involves simple three steps…

DSC (Digital Signature)

Applying for DSC (Digital Signature) of directors / Share Holders

Form Filling

Filling up all the necessary forms and attaching required documents

Uploading Documents

Application for Certificate of Incorporation by submitting Final Documentations

Timeline for Nidhi Company Registration in India

It takes 15 to 20 working days (approx.) to complete Nidhi Company Registration procedure. Timeline may vary depending on replies from ROC department.

What you get by Nidhi Company Registration through Zebotax

  • DSC (Class 3) of seven Directors/Members
  • DIN (Directors Identification Number) of three directors
  • Drafting of AOA (Articles of Association) & MOA (Memorandum of Association)
  • Reply to queries raised by ROC department
  • Onetime Payment of Government Stamp Duty (SPICE form)
  • Certificate of Incorporation
  • Onetime company PAN & TAN application
  • Free Profession Tax, PF/ESIC Registration application, Bank Account opening application of company (at the time of company registration procedure only)
  • ISO certified Zebotax Pvt Ltd Team
  • Tax Consultation for Free
  • Rs. 4,999/- Only

(Professional Fees)

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Frequently Asked Questions

Post Registration Requirements
  • Minimum 200 Members should be there within 120 days of incorporation 
  • Net Owned Funds should be 20 Lakh Rupees or more within 120 days of incorporation for New Companies and for existing Nidhi Companies, there is relaxation of 18 Months from the commencement of New Amendments Rule to maintain this limit.
  • Unencumbered deposits should be more than 10% of outstanding deposits
  • The ratio for Net Owned Funds to Deposit should not be more than 1:20
Loans & Deposits

Nidhi companies have an advantage over other type of finance vehicles that they can lend loans and accept deposits from general public (members) without the approval of RBI. It is important to know the basics before doing the same

Loans

  • Can provide loan only to its members
  • Certain Monetary Limits have been defined for giving loans
  • Can only give secured loans against gold, silver, immovable property, FDs, NSC, other Govt Securities and Insurance Policies
  • It can charge interest rate 7.5% above the rate of interest offered on deposits on reducing balance method

Deposits

  • Can accept 20 times deposit of the Net Owned Funds (Example : If NOF is Rs. 10 lakhs, it can accept deposits amounting to Rs. 2 crores
  • Deposits can be accepted in the form of FD A/c, RD A/c, Savings A/c
  • Can pay interest on FD and RD up to 12.5% and 6% on Savings A/c.
  • Fixed Deposits Tenure : 6 months – 60 months
    Recurring Deposits Tenure : 12 months – 60 months
Compliances of Nidhi Company of Post Incorporation

NDH-1

NDH-1: NDH-1 is a one-time form to be filed by Nidhi Company incorporated before 19th April 2024, within 90 days of the closure of the first financial year or second where applicable.

NDH-3

NDH- 3 form is filed within 30 days on half yearly basis and details of the members, deposits, loans are reported to department.

NDH-4

NDH-4 form has to be filed within 120 days from the date of incorporation for declaration of the status as Nidhi Company.

Other Forms

Nidhi has to file other forms like AOC-4, MGT-7, MGT-14 and other event based forms as per the applicability.

Comparison Between Nidhi Company and NBFC
S. No.BasisNBFCNidhi Company
1.ActGoverned by Indian Banking Regulation Act, 1934Governed by Companies Act, 2013
2.Capital requiredMore Capital is requiredLess Capital required then NBFC
3.CompliancesStrict Norms and RegulationsLess Strict Norms and Regulations
4.RestrictionsThere are no such restrictions applicable on NBFC like Nidhi CompanyNidhi Company cannot do business of chit funds, hire purchase finance, lease finance, insurance or acquisition of securities issued by the Body Corporate.
5.Opening of BranchCan open branch at any timeIt has to continuously earn profit for a period three years for opening a branch.
6.DealingCan deal with general publicCan only deal with its Members

 

BUSINESS REGISTRATIONS

  • LLP (Limited Liability Partnership)
  • OPC (One Person Company)
  • Section 8 Company
  • Farmer Producer Company
  • Nidhi Company

OTHER REGISTRATIONS

  • Trademark Registration
  • GST Registration
  • Profession Tax Registration
  • ISO Registration
  • PF & ESIC Registration

CERTIFICATIONS & OTHERS

  • Digital Signature (DSC)
  • Startup Registration
  • Shop Act License
  • Food License
  • Import Export License (IE Code)

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