• 9711101954 , 9330160431
  • oneclickbusinesssolutions@gmail.com
OneClick Business Solutions


in just 14,900/- ( Inclusive of All Taxes )

Keynotes on Nidhi Company Registration

Lowest fees across India
It takes 10 to 15 days for Nidhi Company Registration
Completely online service - No physical presence required.
Minimum capital to start Rs. 5,00,000/-
Instant access to Nidhi Software & Compliances


Apply Here

Register Your Nidhi Company Online in Fastest Way

The core business activity of a nidhi company is to borrow and lend money to its members only. A nidhi company can take deposits from its members and offer money to them. One Click Business Solutions Private Limited has a team of passionate and highly experienced professionals to offer nidhi company registration service.

We help growing entrepreneurs to process their nidhi company registration documents accurately and perform the registration process in fastest and hassle-free ways. Our experts have in-depth experience to provide multiple services like income tax registration of different businesses like private, public, trust, society, GST registration etc.

We are aware of nidhi company registration online procedure to make the registration process in fastest way. At One Click Business Solutions Private Limited, we use state- of-the-art technology and our experts are well-experienced with Tally, MS Office, SAP and other hi-end applications. You can contact us to get reliable and highly-experienced nidhi company registration consultants.

One Click Business Solutions Private Limited has qualified and strongly motivated man power strength. We always keep ourselves updated to all technical updates, development and changes while dealing with any field. Our professionals offer the best services in cost-effective nidhi company registration fees. If you want to start your nidhi company in low cost, contact us as soon as possible.

Procedure for Nidhi Company Registration

Although registration procedure of a nidhi company is easy yet, support from a professional is recommended for filing difficult forms within proper deadline. It may seem difficult to understand government portals and terms therein too. Let us know the steps of Nidhi company incorporations :

KYC of all the Directors and Shareholders

At least 3 directors and 7 members are needed. Same individuals can be both members and directors. Without DIN numbers, maximum 3 members can be directors at the time of incorporation of the company.

Digital Signature

DSC (Digital Signature) is a fundamental need for initiating the Nidhi Company Registration Process. All the forms are submitted must be self-attested.

Required details :

1. Email ID and Mobile number

2. PAN and Aadhaar

Approval of Name

The suggested names of Nidhi Company must be unique and should not match the names of already registered companies. The name can be reserved with Reserve Unique Name (RUN) form..


After digital signature and name approval, we will draft all the directors' and shareholders' declarations sheets for their acceptance, articles of association, memorandum of association and subscription sheet.

Final Incorporation (MoA and AoA)

Once approval of name procedure is completed, the application for Nidhi Company Registration should be submitted through SPICe Form. The application should accompany Memorandum of Association (MoA) and Articles of Association (AoA) of Nidhi Company. Once proper inspection of the application is completed, COI is issued.


PAN and TAN applications will be done with Nidhi Company Registration.


3 Director Identification Number

7 Digital Signature

Memorandum Of Association

Article of Association

PAN Card Of Company

TAN Number Of Company

Certificate Of Incorporation

Board Resolution To Open Bank Account

GST Registration

Share Certificate

Documents Required For Nidhi Company Registration

How To Register Nidhi Company Online in Kolkata-West Bengal-Delhi-UP


Pan card is required for all the Directors and Shareholders of the company.


Driving License, Voter Id Card or Passport. Any one Id Proof is required for all the Directors and Shareholders of the company.


Latest Bank Statement not older than 2 months is required for all the Directors and Shareholders of the company.


Passport size photograph is required for all the Directors and Shareholders of the company.


Latest Utility bill not older than 2 months, Rent agreement in case of rented property Registry Proof or House Tax Receipt in case of owned property and No Objection Certificate (NOC) from the owner

Service Provided by Us

Documents Required for Nidhi Company Registration in Kolkata-West Bengal-Delhi-UP

Best Nidhi Company Registration Services in India

We are offer a best nidhi company registration at cheapest price and find quick procedure with proper documents for registration in West Bengal, Kolkata, Delhi , UP, Maharashtra, MP, Mumbai, Jaipur, Varanasi, Lucknow, Uttarakhand, Dehradun, Assam, Gujarat, Haryana, Pune, Punjab, Rajasthan, Bihar, Jharkhand, Habra, Murshidabad, Barasat, Nadia, Midnapore. We have a highly experienced professionals team for nidhi company registration service and always keep ourselves updated to all latest technical updates, development and changes for it.

A few Key Points to remember before starting a Nidhi Company in India :

Requirements for minimum number of members, net owned fund etc. (As par Rule 5 of Nidhi Rules, 2014) :-

Within a period of one year from the date of incorporation, every nidhi shall ensure that it possesses :

a) Not less than 200 members

b) Net owned funds of Rs 10 lakhs or more

c) Unencumbered deposits of not less than 10% of the outstanding deposits as specified in Rule 14; and

d) The ratio of net owned fund to deposits of not more than 1:20

General restrictions or prohibitions (As par Rule 6 of Nidhi Rules, 2014) :-

Nidhi shall not :

a) Continue the business of hire purchase finance, chit fund, insurance, leasing finance or acquisition of securities allotted by any corporate entity;

b) Issue preference shares, debentures or any other debt instrument in any form or by any name;

c) Open a current account with its members;

d) Obtain another company by purchase of securities or manage the composition of the Board of Directors of any other company in any way whatsoever or enter into any preparation for the alteration of its management, unless it has approved a special resolution in its general meeting and also attained the Previous approval of the Regional Director having authority over such Nidhi;

e) Carry on any business other than the business of lending or borrowing in its own name :
Given that Nidhis which have followed all the provisions of these rules may offer locker facilities on rent to its members subject to the rental income from such facilities not more than 20% of the gross income of the Nidhi at any point of time during a financial year.

f) Take deposits from or lend to any individual, other than its members;

g) Assurance of any of the assets lodged by its members as security;

h) Accept deposits from or lend money to anybody corporate;

(i) Enter into any partnership arrangement in its lending or borrowing tasks;

j) Provide or cause to provide any advertisement in any form for accepting deposit :
Only if private circulation of the details of fixed deposits system among the members of the Nidhi delivering the words "for private circulation to members only" shall not be taken to be an advertisement for accepting deposits.

(k) Pay incentive or brokerage for mobilising deposits from members or for deployment of funds or for granting loans.

Branches (As par Rule 10 of Nidhi Rules, 2014) :-

District level operations are conducted for the first 3 years. Once the approval is obtained from Regulator Director, it is possible to make 3 branch offices in the district or outside the area.

Others :-

a) Share value shall not less than Rs.10

b) Maximum interest on loan of 20% p.a. can be charged under reducing balance method.

c) A Nidhi company can offer loan against securities. Securities include property, gold, LIC and FD.

d) Rate of Interest : Maximum 7.5% above NBFC rate for loans (reducing Balance method)

Savings Bank Interest shall not exceed 2% of the Bank Rate.

FD & RD Interest – As per RBI rate

e) Period of Deposits

Particulars Period
Fixed Deposits Minimum 6 months maximum 60 months
Recurring Deposits Minimum 12 months maximum 60 months

Advantages of Nidhi Company Registration

No RBI Regulations –

Nidhi Company is outside the glance of Reserve Bank of India. It does not need RBI's license for managing a loan business in India.

Restricted Paid up Capital Requirement -

The Ministry of Corporate Affairs has done away with the minimum Paid up capital need of Rs. 5 Lakhs for Nidhis.

Ease of formation -

They just have to incorporate themselves as a public company with the MCA, infuse the required amount of capital as per Nidhi Rules, 2014 and they are all set to go

Help in channelizing small savings –

The small savings of the members contribute to the funds of and avail credit from Nidhi companies.

The lower rate of credit -

The loans given to the members are at a lower rate of interest than the market rate.

No outsider intervention -

The outsider is not allowed to intervene in the working of the Nidhis

Disadvantages of Nidhi Company

Limited Fund Raising -

The funds raised are limited in accordance with the number of members.

Limited availability of credit -

When the funds raise are restricted, the availability of credit is also limited.

Comes under RBI observation -

Even if there are no strict compliances forced upon the Nidhis by RBI, still their activities are administrated by the Reserve Bank particularly their deposit acceptance procedures.

What are the compulsory compliances for Nidhi Company?

Business Commencement -
It is a Declaration to be given by the directors within 180 days of incorporation of company mentioning that the subscribers to the Memorandum of the company has paid the price of shares so accepted by them, with a verification of registered office address of the company.  This declaration requires to be filed with proof of subscription money obtained by the company in form 20A with the Registrar of Companies.

Auditor Appointment -
Appointment of First Auditor - As per section 139(6) the first auditor of the company other than a government company shall be appointed by the Board within 30 days of Incorporation. In the case of Board's failure, an EGM (Extraordinary General Meeting) shall be done within 90 days to appoint the first auditor.

Appointment of Subsequent Auditor - Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the end of its sixth annual general meeting and thereafter till the end of every sixth meeting.

NDH 1 –
Nidhi requires filing a return of statutory compliances in Form NDH 1 within 90 days from the end of the first financial year after its registration and where applicable, the second financial year, with such fee as stated in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar accordingly certified by a chartered accountant or a company secretary or a cost accountant in practice.

Details required for NDH1 :

a) Branch Details

b) Members Details

c) Deposit Details (Like FD, RD, Savings Deposit etc.)

d) Loan Details (Like loan against immovable property, loan against deposits etc.)

e) Details of Litigation etc.

f) Financial Summary: Ratio of Net Owned Fund to Deposits, Bank wise details of deposits)

NDH 2 –
If a Nidhi is not following clauses (a) or (d) of sub-rule (1), it shall within thirty days from the end of the first financial year, apply to the Regional Director in Form NDH 2 with fee prescribed in Companies (Registration Offices and Fees) Rules, 2014 to extend the time and the Regional Director may judge the application and pass orders within 30 days of receiving the application.

Only if the Regional Director may extend the period up to one year from the date of receipt of application.

NDH 3 –
A half yearly return along with above form is needed to be filled in Form NDH 3.

Details needed for NDH3 :

a) Number of member admitted

b) Number of member ceased

c) Calculation of Net Owned Funds

d) Details of Deposits

NDH 4 -
Form to be filed for application for declaration as Nidhi Company and for updating status by Nidhi Company.

Profit & Loss and Balance Sheet –
The financial statements and other corresponding documents are needed to file in Form AOC-4 within 1 month from the AGM (Annual General Meeting).

ROC Annual Returns –
This is essential for a Nidhi Company to complete filing annual return with Ministry of Corporate Affairs through Form MGT-7 within sixty days from the AGM.

Income Tax Returns –
Annual returns must be filed by Nidhi Company by 30th September of the next financial year.

Comparison between Nidhi, Society and Micro Finance

Points Nidhi Company Registration NBFC Registration Procedure India (Micro Finance) Society Registration process in India
Minimum Paid up Capital Rs 5 Lakh Rs. 5 Crore Varies in different states
Number of Person needed 7 2 15 or more
Approval of RBI Not needed Compulsory Not applicable
Area of Operation District level India Applicable district
Time and Cost of Registration 15 days and Rs 14900 3 to 5 Months and Rs 6 to 7 lakhs 1 to 3 months and Rs 15000 to 20000
Ownership Held by shareholders Held by shareholders Decided by elections
Perfect for Beginner Experienced Moderate experienced

Frequently Asked Questions about Nidhi Company Registration

Ques: What is Nidhi Company?

A Nidhi Company is approved under section 406 of the Companies Act 2013 and belongs to the non-banking Indian finance sector. Their business includes lending and borrowing money among members. They are also called benefit funds, permanent fund, mutual benefit company and mutual benefit funds. They are governed by Ministry of Corporate Affairs. Reserve Bank of India has the authority to issue directions related to activities to take deposit. These companies manage their shareholder members only.

Ques: Why Nidhi Company should be registered?

Low mobilization of deposits

Perfect for middle and lower-income groups

Loan at lower interest rates

Secured and on-time returns

There is not any extra interference

Ques: What are the post-incorporation needs for Nidhi Company?

Following conditions should be fulfilled within 1 year since when the company is commenced :

Minimum 200 shareholders are needed

At least Rs 10 lakh net owned fund is required

At least 10% of the unpaid deposits should be taken as encumbered deposits

Deposits cannot be accepted by company exceeding 20 times of net owned fund

Ques: What is known as DIN?

Director Identification Number or DIN is allotted to a potential director or an existing director of any company that gets incorporated or to be incorporated. Ministry of Corporate Affairs issues DIN which is unique identification number.

Ques: What is called DSC?

Digital signature certificate denotes signing the important documents by an authorized individual digitally or electronically. This is used for signing the electronic forms only. It is not applicable for physical documents.

Ques: Can Minor become a director?

No, Minor cannot be a director as DIN is essential. To obtain a DIN, an individual should be at least 18 years or above.

Ques: Can foreign nationals or NRI be a director of an Indian organization?

Yes, foreign nationals or NRIs can be a director and shareholder of an Indian organization. The company should include at least one Indian resident as a Director on the Board of Directors.

Ques: Can a salaried individual be a director of a company?

Yes, a salaried individual can be a director of an organization if he is allowed by the employment agreement.

Ques: What is known as Authorized Capital?

It includes maximum acceptable amount of share capital which can be issued to shareholders by a company. Authorized share capital can be changed by a company when it is needed from time to time. It depends on the need of the organization subject to approval of members or shareholders.

Ques: What is meant by Paid-up capital?

Paid-up share capital is called Issued share capital of the Organization. This is an amount of shares issued to the share holders by an organization.

Ques: What is known as Registered Office?

The registered office of an organization is the main place of a company to do business. This place is used for sending entire official correspondence.


Ques: What is called MoA (Memorandum of Association)?

As par Section 2(56) of the Company Act, 2013, the term "Memorandum" denotes a company's memorandum of association. This is alerted from time to time following any past company law or of the Act. This is a charter document of an organization that includes essential details of the company.

Ques: What is known as Articles of Association?

Articles of Association are by-laws of an organization. This includes Rules and Regulation pursued by the organization. It incorporates duties, objectives and authorities of the Board of Director like voting rights, borrowing capacity, process to issue and transfer of shares.

Ques: Is it possible to enhance Paid-Up Capital and Authorized Capital after completing of incorporation procedure?

Yes, Paid-up capital and authorized capital can be enhanced after incorporation procedure.

Ques: Are Nidhi Companies controlled by Reserve Bank of India?

No, the registration and regulation procedure of Nidhi Company is not controlled by core provisions of Reserve Bank of India.

Ques: How Nidhi Company Registration procedure is different from other NBFCs registration process?

RBI does not control Nidhi companies and its registration needs a smaller amount of capital. In case of NBFCs, the need of paid capital is 2 crore.

Ques: What is known as regulatory authority of Nidhi Company?

Registration and regulation of Nidhi Company is managed by Ministry of Corporate Affairs. According to the Provisions of Nidhi Rules, 2014, all the activities are completed.

Ques: What is meant by Nidhi Rules?

Nidhi Companies are not controlled by RBI. Therefore to make transparent and easy operations of Nidhi Company, Nidhi Rules 2014 has been introduced by Central Government. Governing principles for Nidhi Company operations are included in these rules.

Ques: From whom deposits can be taken by a Nidhi Company?

Once registration of Nidhi Company is completed, deposits can only be accepted from the registered members.

Ques: Who can be a member of Nidhi Company?

Following criteria are to be satisfied in order to be a member of Nidhi Company :

The member must be at least 18 years or more.

No trust or corporate body can become a member. Member should be an individual.

Ques: Is RBI approval is necessary to continue business after the registration of Nidhi Company?

Approval of RBI is not compulsory for them. Once registration of Nidhi Company is completed, business can be started.

Ques: Is Micro Finance Business conducted by Nidhi Company in India?

The term microfinance denotes small credit facility. This is well-known business entity in rural and semi-urban places. However RBI approval is compulsory to perform microfinance business. Any big NBFCs can do this.

Ques: Whether debt securities or preference shares can be issued by Nidhi Company?

No. Following securities cannot be issued by Nidhi Companies :


Preference Shares

Other Debt Securities

Ques: Is there any limit of loan that a Nidhi Company can offer to its members?

In case of Nidhi Company, loan limit depends on the amount of deposits that it keeps. Specified limits are as follows :

Deposit Amount (Rs) Limit of Loan (Rs)
Less than 2 Crore 200000
2 Crore to 20 Crore 750000
20 Crore to 50 Crore 1200000
More than 50 Crore 1500000

Ques: Whether Nidhi Company Operation is allowed in two states?

Nidhi Company is not allowed to perform its operation outside the state where it is registered in.

Ques: What are the minimum needs when the registration of Nidhi Company is completed?

Once registration procedure of Nidhi Company is done, following needs are to be met within one year :

At least Rs 10 lakh should be maintained as net owned funds

Minimum 200 members should be registered

Out of entire unpaid deposits, 10% should be unencumbered term deposits

The ratio of net owned funds to deposit must be 1:20

Ques: Is it legitimate to advertise the activities of a Nidhi Company?

No, Nidhi Company is not allowed to advertise its activities. The main aim of Nidhi is to facilitate the habits of saving and thrift among the members. It prevents request for deposits to non-members through promotions.

Nidhi Company cannot remit any type of incentive or brokerage in order to promote grant of loan or mobilization of deposits to members.

Ques: Can a Nidhi Company buy securities of other company?

No, Nidhi Company cannot buy shares or securities of other company or institutions.

Ques: Can a current account be opened by a Nidhi Company with its members?

No, Nidhi Company cannot open a current account with the members.

Ques: Is it possible to acquire another company by a Nidhi Company?

No, Nidhi Company is not permitted to do that through buying its securities. It does not have power to access its management or modify the components of its management.

For such activity, prior approval of regional director is to be obtained after a special resolution is passed in general meeting.

Ques: Is there any task performed by a Nidhi Company except borrowing and lending permitted by law?

No, Nidhi Company is not allowed to perform any other type of task on its own name except borrowing and lending.

Ques: Is there any restriction to open another branch of Nidhi Company?

Yes, it cannot open another branch till a net profit after paying tax is earned consecutively for 3 years since when its registration is completed.

Ques: What is the number of branches opened by a Nidhi Company?

Once the criteria of earning profits for 3 consecutive years are fulfilled, 3 branches can be opened by a Nidhi Company. The branches must be in the same district where the registration of Nidhi Company is completed.

If more branches are to be opened outside or inside the district, it is compulsory to get previous permission from the regional director.

Ques: Whether unsecured loans can be issued by Nidhi Company?

No, only secured loans can be issued by Nidhi Company to its members.

Ques: What types of securities are needed by Nidhi Company to issue loans to its members?

Following securities are required by Nidhi Company to issue secured loans to its members :

Immovable Property

Gold, Silver and other valuable metals including jewelry

National saving certificate, government securities, fixed deposit receipts, insurance policies and others

Ques: Which loans cannot be issued by Nidhi Company?

Following kind of loans cannot be issued by Nidhi Company :

Vehicle / Asset finance

Personal Loans