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Get Online Nidhi Company Registration at Lowest Price in Rajasthan & Uttra Pradesh

Nidhi Companies are very well known in the south Indian states. Most of India’s Nidhi Companies are based in the southern states like Tamilnadu, Karnataka, and Kerala etc. But, in the most recent years, we can significant growth of the Nidhi Companies in the north Indian States.


We can notice that there are many brand-new Nidhi Company that were incorporated in the north Indian states like Uttar Pradesh, Madhyapradesh, and Rajasthan etc. There are many reasons that are responsible for the growing popularity of Nidhi Companies among the business enthusiasts. Get quick online nidhi company registration in few working days at cost-effective price and also find India No. 1 Legal consultant services.

Benefits of Nidhi Company

Nidhi Company registration is extremely simple

  • It requires just 7 individuals out of which 3 individuals would be the director.
  • Nidhi Company doesn't need to acquire a permit from RBI.
  • The Nidhi organization requires scarcely 10-5 days to get enrolled.

Capital needed for the registration

The base capital necessity for the enlistment of Nidhi organization is Rs. 5,00,000 only.

No need to follow restricted RBI Regulations

However Nidhi Company is a Financial Organization and belongs to the NBFC sector, but it does not need endorsement of RBI.

Benefit for the Members

  • Nidhi Company works with the goal of expanding reserve funds of its individuals.
  • It is not difficult to make contributions and get advances from the organization for its individuals.
  • The advances given to the individuals at a lower rate contrasted with the market rate consequently it draws in the individuals to accomplish more reserve funds.

Exceptions and advantages under the Companies Act, 2013

Like other companies, Nidhi Company does not require in following strict rules and guidelines that are mentioned in the Companies Act, 2013.

Overview Of Nidhi

Nidhi Company Registration implies that a public company is incorporated as a Nidhi Company. Its paid-up equity capital must be Rs.500,000. The main purpose of Nidhi Company is to cultivate the habit of thrift and saving amongst the members.

Nidhi Company receives deposits from members and lends money to the members only for their mutual benefit. Nidhi Company Registration is required to the fulfillment of all the requirements that was mentioned in the Companies Act, 2013. It also required using the word “Nidhi Limited” to the end of its name.

Nidhi Company Registration cannot start the chit fund account, issue debentures and preference shares. Nidhi Company is a company which is required to comply following requirements within one year from the date of incorporation like, it should have at least Rs.10 lalks as net owned fund.

Nidhi Company should have at least 200 members. Unencumbered term deposits in here should be at least 10% of the total outstanding deposits. The ratio of net owned fund to deposits must not exceed 1:20 under any circumstances.

Registration of Nidhi Company can be initiated with the filling up of NDH-1 and NDH-3 form.

Basic Features of Nidhi Company Registration:

  • Incorporation of Nidhi as Public Limited company:
  • Search for the name availability through the RUN facility of MCA portal.
  • The proposed directors of Nidhi Company must obtain Digital Signature Certificate of the class-2.
  • File E-Form SPICe 32 for the incorporation of Nidhi Company along with following attachments-

  1. Memorandum of association
  2. Articles of association
  3. PAN card of subscribers
  4. Id proof of first directors
  5. Address proof of the registered office
  6. Latest utility bill of registers office.
  7. NOC of owners of Registered office
  8. Consent and declaration from first directors in form DIR-2
  9. Self-declaration from first directors and subscribers in form INC-9.
  10. Obtain the certificate of incorporation.

Documents Required for  Nidhi Company Registration:

  • PAN card of all directors.
  • Passport size photograph.
  • Aadhar card/ voter’s identity card of directors.
  • If office location is rented then copy of rent agreement is important.
  • Electricity/ water bill.
  • If owned property then copies of property papers.
  • NOC from the landlord in case utility bill is on another person’s name.
  • 3.Nidhi company compliances after registration.
  • After the Nidhi Company registration is done, people need to take some post incorporation measurements. Otherwise it can bring penalties even the company registration can be cancelled. 

Nidhi Company Structure,

  • The minimum number of members is 200.
  • The net owned fund should be at least ₹ 10 lakhs.
  • Unencumbered deposits of not less than 10% of outstanding deposits,
  • Net owned fund to deposits ratio should be more than 1:20.

Nidhi Company shall comply with all the post-registration compliances within one year from the date of incorporation. If the company is unable to meet the above mentioned requirements then within 30 days from the closure of its first financial year, then apply to the regional director in form NDH-2 for extension of time.

Annual filling forms to be filed with ROC:

  • Form NDH-1 (for the return of statutory compliances) within 90 from the closure of the financial year.
  • Form NDH-3 (half-yearly return) within 30 days from the conclusion of each half year.
  • File financial statements with the form AOC-4 within 30 days of the annual general meetings.
  • File for the annual return in form MGT-7 within 60 days of the Company annual general meeting.


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