Nidhi Company Registration Online — ₹4,999 + Govt. Fee
What a Nidhi company is, and who should register one
A Nidhi is a public limited company formed to cultivate the habit of thrift and savings among its members, and to accept deposits from and lend only to those members for their mutual benefit. It is recognised under section 406 of the Companies Act, 2013 and governed by the Nidhi Rules, 2014 as amended in 2022. Because business is confined to members, a Nidhi does not need an NBFC licence from the RBI; it is regulated by the Ministry of Corporate Affairs.
The 2022 amendment tightened entry: a Nidhi must be incorporated with at least ₹10 lakh paid-up equity, must reach 200 members and ₹20 lakh net owned funds within 120 days, and must obtain a declaration from the Central Government in Form NDH-4 before it can call itself a Nidhi and operate as one. Registration itself is a SPICe+ filing for a public company; the specialist part is the articles, the deposit and loan schemes, and the 120-day plan.
A Nidhi suits you if you
- •Want to run a local savings-and-loan institution for a community, town, trade association or employee group
- •Plan to lend against gold, property or fixed deposits to a closed membership at modest interest
- •Want a regulated finance business without the ₹10 crore net owned fund an NBFC licence needs
Requirements for Nidhi company registration
| Requirement | Rule | Source |
|---|---|---|
| Form | Public limited company with the name ending Nidhi Limited | Rule 4, Nidhi Rules 2014 |
| Members and directors | Minimum 7 members and 3 directors at incorporation | Section 3, 149 |
| Paid-up capital | Minimum ₹10 lakh equity share capital | Rule 4 as amended 2022 |
| Within 120 days of incorporation | At least 200 members and net owned funds of ₹20 lakh or more; apply in NDH-4 for declaration as a Nidhi | Rule 3A, 5 (2022) |
| Net owned funds to deposits | Not more than 1:20 | Rule 5 |
| Deposits | Fixed, recurring and savings deposits from members only; unencumbered term deposits of at least 10% of outstanding deposits | Rules 13, 14 |
| Loans | Only to members, secured by gold, silver, immovable property, FDs, NSCs or insurance policies, within limits linked to deposits | Rule 15 |
| Promoters and directors | Fit-and-proper declaration; no conviction; a director holds office up to 10 consecutive years | Rules 3A, 17 |
Documents required for Nidhi company registration
For each of 7 members and 3 directors
- •PAN card
- •Aadhaar card
- •Passport, voter ID or driving licence
- •Address proof not older than 2 months
- •Passport-size photograph
- •DIR-2 consent, DIR-8 and fit-and-proper declaration for directors
For the company
- •Registered-office utility bill, rent agreement and NOC
- •Proof of ₹10 lakh paid-up capital after incorporation
- •Deposit and loan scheme rules (we draft)
- •Member application and nomination formats (we draft)
For NDH-4 (within 120 days)
- •List of 200 members with folio numbers
- •Audited or certified statement of net owned funds of ₹20 lakh
- •Declaration of compliance with the Nidhi Rules
Nidhi company registration process
- 1Day 1–2 — Consultation on capital, promoters, the member-acquisition plan for 200 members and the deposit and loan products.
- 2Day 2–3 — DSCs for three directors; name search and SPICe+ Part A with a name ending Nidhi Limited.
- 3Day 3–7 — e-MoA with thrift-and-lending objects, e-AoA written to the Nidhi Rules, DIR-2, INC-9, AGILE-PRO-S.
- 4Day 7–8 — SPICe+ Part B filed with ₹10 lakh authorised and subscribed capital; stamp duty paid for your state.
- 5Day 10–15 — Certificate of Incorporation as a public company, PAN and TAN.
- 6Day 15–30 — Bank account, capital deposited, INC-20A, member-enrolment drive begins with the documents we provide.
- 7Within 120 days — NDH-4 filed with the member list and net-owned-funds statement; the declaration is deemed approved if the Central Government does not respond within 45 days.
Nidhi company registration fees
| Item | Amount | Charged by |
|---|---|---|
| BookMyCA professional fee | ₹4,999 (incorporation; NDH-4 filing quoted separately) | BookMyCA |
| MCA incorporation fee | Nil for authorised capital up to ₹15 lakh, so nil for a ₹10 lakh Nidhi | MCA |
| Name reservation (SPICe+ Part A) | ₹1,000 per application (two names, valid 20 days) | MCA |
| PAN and TAN (allotted with incorporation) | ₹131 (PAN ₹66 + TAN ₹65) | Income Tax Department via MCA |
| Stamp duty on MoA, AoA and SPICe+ | State-wise on ₹10 lakh capital; computed by the MCA portal | State Stamp Act |
| Digital Signature Certificates (3 directors) | About ₹1,500–₹2,500 each, at actuals | Licensed CA vendor |
What BookMyCA delivers for ₹4,999
- •Consultation on Nidhi versus NBFC versus cooperative credit society
- •Name search and SPICe+ Part A
- •Three DSCs and DINs; Nidhi-compliant e-MoA and e-AoA
- •SPICe+ Part B, INC-9 and AGILE-PRO-S filed and resubmissions handled
- •Certificate of Incorporation, PAN, TAN, bank-account support
- •Member application, nomination, deposit-receipt and loan-agreement formats
- •120-day plan and calendar for NDH-4, NDH-1 and NDH-3
Compliance for a Nidhi company
| Compliance | When | Notes |
|---|---|---|
| NDH-4 declaration | Within 120 days of incorporation | 200 members and ₹20 lakh NOF; deemed approved after 45 days of silence |
| NDH-1 return of statutory compliances | Within 90 days of financial year end | Certified by a practising professional |
| NDH-3 half-yearly return | Within 30 days of each half year | Members, deposits, loans |
| AOC-4 and MGT-7 | 30 and 60 days after the AGM | Public-company annual filings |
| Statutory audit | Every year; auditor certifies compliance with Nidhi Rules | Rule 22 |
| Deposit and loan limits | Continuous | NOF:deposit 1:20; loan ceilings by deposit size; interest caps |
| Branches | Only after 3 years of net profit, within the district, up to 3 branches | Rule 10 |
| Income-tax return | By 31 October | Corporate rates |
Mistakes to avoid
- •Accepting deposits before the NDH-4 declaration; it is a violation and the money must be refunded
- •Enrolling members on paper to reach 200; the MCA verifies the folio and deposit records
- •Lending to non-members or against unsecured personal guarantees
- •Advertising deposit schemes to the public, which Nidhi Rules prohibit
- •Running the Nidhi like an NBFC — the interest caps, loan ceilings and deposit ratios are strict
Frequently asked questions on Nidhi company registration
₹10 lakh paid-up equity share capital under the Nidhi (Amendment) Rules, 2022, up from ₹5 lakh earlier.
Seven to incorporate, and at least 200 within 120 days of incorporation along with ₹20 lakh net owned funds, failing which the company cannot be declared a Nidhi.
No. Nidhis are exempt from the core NBFC provisions because they deal only with members. They are regulated by the Ministry of Corporate Affairs under the Nidhi Rules.
₹4,999 BookMyCA fee plus government charges: nil MCA fee for ₹10 lakh capital, ₹1,000 name reservation, ₹131 PAN and TAN, three DSCs and stamp duty on ₹10 lakh capital as per your state. The ₹10 lakh capital itself is the company's own fund.
Gold and silver jewellery, immovable property, and the member's own fixed deposits, NSCs, government securities or insurance policies. Unsecured loans are not allowed.
Only after three consecutive years of net profit, up to three branches within the district, and more only with Regional Director approval.
10 to 15 working days for incorporation. The NDH-4 declaration follows within 120 days once membership and funds are in place.