Lion roar v3

How long does it take?

4 Days

  1. Digital Signature Certificate

    1 Working Day

    DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).

  2. Director Identification Number

    1 Working Day

    DIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director's information in a database. MCA (Ministry of Corporate Affairs) allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

  3. Name Approval & License

    2 Working Days

    Once we obtain the DIN and DSC of the proposed directors, maximum two proposed names of the company will be submitted to MCA (Ministry of Corporate Affairs) for approval. Our representative will conduct a prior search for your name availability. Ideally, the name should be unique, suggestive of the business and end with the words 'Nidhi Limited' in order to avoid the rejection. We get your company name approved subject to availability and naming guidelines.

  4. Form SPICe-32

    2 Working Hours

    After taking the name approval, we draft a Memorandum of association and Articles of association for your company. All the incorporation documents need to be submitted with the prescribed e-form SPICe 32 along with the AOA, MOA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your id. Simultaneously, we will apply for PAN and TAN of your company.


Nidhi Company Cost Breakdown

Consultancy Free
Company Name Availability Search Free
7 DSCs Rs 7,000
Government Fee Rs 4,800*
Stamp Duty Rs 3,000*
Notorization Cost Rs 3,000
PAN & TAN Fee Rs 170
Professional Fees Rs 5,109
Goods & Service Tax Rs 9,20
Total Cost Rs 23,999

The above mentioned government fee has been calculated on minimum contribution of Rs.500000
The stamp duty may vary from state to state
Extra charges for NRI/Foreign directors or Foreign shareholding companies


Documents Required


ID Proof

Scanned copy of PAN Card of all directors and Voter ID/ Passport/ Driving License


Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months



Latest passport size photograph


Registered Office Proof

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


What do you get



Digital signature for two directors to digitally sign the documents



Defines the rules of the business



Defines the objectives of the business


PAN Number

PAN number of the company to open a bank account


TAN Number

Tax deduction number for filing tax return

Icon stamp

Rubber Stamps

Two rubber stamps, one with the name of company and one with the name of director


Incorporation Certificate

Certificate of incorporation bearing company's registration number and details

Questions? Call us on 011-395-95858


Frequently Asked Questions

What is Nidhi Company?

Nidhi Company is a part of Non-Banking Financial Company (NBFC) with the object of savings among its members for mutual benefit. This mutual benefit comes from the group lending and borrowing.

How does Nidhi Company work?

Nidhi Company works through its members by accepting the deposits from its members and lend money to its members. The basic idea of Nidhi company is to save the members from the exploitation of the money lenders who charge unreasonable higher interest rates.

Why choose Nidhi Company?

  • Benefited for the lower to middle financial statuses
  • Less mobilisation of deposits
  • Timely and secured returns
  • Cosy membership structure
  • No external interference
  • Loan at lower interest rates

What are the minimum requirements for the incorporation of Nidhi Company?

  • 7 shareholders
  • 3 directors
  • Rs.5,00,000 paid up capital

What are the post- incorporation requirements for Nidhi Company?

The following conditions must be satisfied within a period of 1 year from the commencement:
  • Minimum net owned fund of rupees ten lakhs
  • Minimum 200 shareholders
  • Deposit should not be accepted more than 20 times of net owned fund
  • Minimum encumbered deposits must be 10% of the outstanding deposits.

What are the eligibility criteria to become a shareholder or director in Nidhi Company?

There are no criteria specified in law to become a shareholder or director in Nidhi Company, even a company can become a shareholder in a Nidhi Company.

What is the difference between Nidhi company and NBFC?

A Nidhi company is a company incorporated for the mutual benefits of the members. Whereas an NBFC is a financial institution that operates similar to a bank without banking license.
A Nidhi company not engage in the business of chit fund, hire purchase finance, leasing, insurance or acquisition of securities but an NBFC can carry all these businesses like loans and advances, acquisition of shares, leasing, hire purchase, chit fund business, insurance businesses.

Is it necessary to have the word ‘Nidhi’ or ‘Limited’ at the end of the name of the Nidhi Company?

It is not required to end the name of the Nidhi Company with suffix ‘Nidhi’ or ‘Limited’.

Is there any restriction in law for Nidhi Company in India?

  • Prohibited to carry businesses of chit fund, leasing finance, insurance or acquisition of securities issued by any body corporate.
  • Restricted to issue shares, debentures or any other instrument.
  • Cannot accept deposits or lend money to other than its members.
  • Cannot pay any incentive for mobilising deposits.

What are the similarities in Public company and Nidhi company?

  • Minimum number of shareholder is seven
  • Minimum number of director is three
  • Moderate tax advantages

What are the returns need to be filed by the Nidhi Companies?

NDH-1: Return of statutory compliance needs to be filed within 90 days from the closure of the first financial year after its incorporation. NDH-2: If the company not filed the NDH-1 within the prescribed time, apply to the Regional Director in form NDH-2 along with the fee. NDH-3: Half yearly return filed with the Registrar in form NDH-3 along with the prescribed fee.

Does one have to present physically for nidhi company registration?

No, the whole Nidhi company incorporation process is online. You can send the scanned copy of all the required incorporation documents via e-mail. All the forms and documents are filed electronically and even signed digitally.

Can a Nidhi Company open the branches?

Nidhi companies are governed under the Companies Act, 2013 and Companies (Nidhi Companies) Rules, 2014 which allowed Nidhi Companies to open a branch if it complying with the following conditions:
Track Record of Profit: Earn net profit after tax for continuously three financial years Maximum Branches Allowed: Three branches can be open within the district. If a Nidhi company wants to open more than three branch within the district or any new branch outside the district, it shall obtain the prior permission of regional director. Braches Outside the State: No branch can be open outside the state in which its registered office is situated. Mandatory Compliance: Nidhi company shall not open any branch unless all the mandatory compliance are filed with the Registrar.

On what conditions Nidhi Company can provide loan to its members?

Nidhi companies provides loan to its members only after providing some kind of securities like gold, silver, jewelry or any other type of financial securities against the loan.