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Online Nidhi Company Registration

Nidhi Company registration starts from ₹16,699 Only!

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Nidhi Company Registration - Fees, Online Procedure, Documents Required

Updated on Feb 11, 2024 10:39:28 AM

Nidhi companies offer a compelling alternative for individuals seeking substantial growth opportunities for their savings compared to traditional banks. Governed by the Companies Act, 2013, Nidhi companies provide an effective avenue for saving money with significant potential for financial expansion. Discover the advantages, procedure, prerequisites, and costs associated with registering a Nidhi company.

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What is Nidhi Company?

A Nidhi Company operates as a Non-Banking Financial Company (NBFC), primarily engaging in lending and borrowing activities among its members. The core objective is to promote a savings culture among its members while adhering to principles of mutual benefit, overseen by the Ministry of Corporate Affairs.

Unlike traditional banks, Nidhi Companies do not require licensing from the Reserve Bank of India (RBI), making their formation straightforward and hassle-free. Commonly referred to as Mutual Benefit Finance Companies, they are registered as public limited companies and must incorporate “Nidhi Limited” as the concluding words of their name.

Nidhi Company registration Process

How much does it cost to register Nidhi Company ?

StepsCost (Rs.)
Digital Signature Certificate₹7,000
DIN Allocation₹1,000
Government Fee₹1,700
Professional Fee₹6,999
Total Cost₹16,699*

Important Note: The total incorporation fees of a Nidhi Company varies from state to state. The DSC charges are for 7 members. Refer to the map for state-wise prices.

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Documents required for Nidhi Company registration

  1. Passport size photographs of members
  2. Copy of Aadhar Card or Voter ID
  3. Copy of PAN Card of the members
  4. Email address and phone number
  5. Proof of registered place of business
  6. Bank statement (not older than two months)
  7. No Objection Certificate from the owner of the property
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Documents you’ll get after company registration

Post incorporation of Nidhi company, you’ll receive the following documents:

  1. Certificate of Incorporation
  2. Permanent Account Number (PAN) of the company
  3. Tax Deduction or Collection Account Number (TAN) of the company
  4. Articles of Association (AoA)
  5. Memorandum of Association (MoA)
  6. Director Identification Number (DIN)
  7. Digital Signature Certificate (DSC)
  8. EPF and ESIC registration documents
  9. Company Master data
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Why Taxvilla

On average, it takes around 7-10 working days to register a private limited company in India subject to document verification by MCA.

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