Nidhi Company Registration with Tax Pal Solutions
Build Your Own Member-Driven Finance Company
At Tax Pal Solutions, we help you register your Nidhi Company online – a unique NBFC-style entity designed for borrowing and lending among members only. Fully compliant with MCA norms and Nidhi Rules, 2014, our expert team ensures a smooth, transparent, and fast registration process.
Why Register a Nidhi Company with Us?
- MCA-Compliant Entity Setup
- PAN & TAN Allotment + DSC for Directors
- Bank Account Opening Guidance
- NDH Filings & Annual Returns Assistance
- Dedicated Support for Compliance & Reporting
Our Credibility:
- 4.6/5 Google (6,300+ reviews)
- 4.0/5 Trustpilot (1,900+ reviews)
What is a Nidhi Company?
A Nidhi Company is a mutual benefit financial entity that works only for its members by accepting deposits and providing secured loans.
- Governed by Section 406 of the Companies Act, 2013
- Regulated by the Ministry of Corporate Affairs (MCA)
- Exempt from RBI registration requirements
In short: A legal way to run a community-based lending & deposit business.
Key Benefits of Nidhi Company Registration
- Simple Setup – Less complex than other NBFCs.
- Limited Liability – Protects directors’ personal assets.
- Low Capital Requirement – Only ₹5 lakh paid-up capital needed.
- Easy Loans for Members – Against deposits, gold, or property.
- Encourages Savings – Builds financial discipline in communities.
- Perpetual Succession – Company continues regardless of member exit.
- Member-Only Operations – No external interference.
- MCA Recognition – Adds legal credibility.
Requirements for Nidhi Company Registration
| Requirement | Minimum Criteria |
|---|---|
| Members | 7 Members (minimum) |
| Directors | 3 Directors (all must be members) |
| Paid-Up Capital | ₹5 lakhs (to be raised to ₹10 lakhs in 1 year) |
| Net Owned Funds | ₹20 lakhs (within first year) |
| Structure | Must be a Public Company |
| Company Name | Must end with “Nidhi Limited” |
| Share Capital | Equity shares only, min ₹10 face value |
Documents Required
For Directors/Members
- PAN Card
- Aadhaar / Voter ID / Passport / DL
- Address proof (Bank Statement / Utility Bill)
- Passport size photos
- Digital Signature Certificate (DSC)
For Registered Office
- Rent Agreement / Ownership Proof
- Latest Utility Bill
- No Objection Certificate (if rented)
Nidhi Company Registration Process
- Get DSC & DIN – For all directors.
- Reserve Company Name – Ends with “Nidhi Limited.”
- Draft MoA & AoA – Stating mutual benefit objectives.
- File SPICe+ Part B – With MCA (includes PAN, TAN, GST if needed).
- Certificate of Incorporation (COI) – Issued by RoC with CIN.
At this stage, your Nidhi Company is legally registered.
Nidhi Company Registration Fees
| Cost Component | Estimated Charges |
|---|---|
| MCA Filing Fees | ₹4,000 – ₹6,000 |
| Stamp Duty | Varies by state (₹2,000 – ₹15,000) |
| DSC (per director) | ₹1,000 – ₹1,500 |
| Professional Fees | ₹5,000 – ₹15,000 |
| Miscellaneous | ₹500 – ₹1,000 |
Example: In Maharashtra, total cost = ₹15,000 – ₹25,000 approx.
State-Wise Stamp Duty (Examples)
| State | Stamp Duty (₹) |
|---|---|
| Delhi | 6,000 – 8,000 |
| Maharashtra | 10,000 – 15,000 |
| Karnataka | 7,000 – 10,000 |
| Tamil Nadu | 5,000 – 8,000 |
| Rajasthan | 4,000 – 7,000 |
| Bihar / Punjab / Haryana | 3,000 – 6,000 |
| Assam / Himachal / Uttarakhand | 2,000 – 5,000 |
Post-Registration Compliance
First-Year Obligations
- Minimum 200 members within 1 year.
- NOF of ₹20 lakh maintained.
- NOF to Deposit Ratio ≤ 1:20.
- 10% of deposits kept in fixed reserves.
Mandatory Filings
- NDH-1 – Details of members & deposits (within 90 days of FY
- NDH-2 – Extension request if requirements not met.
- NDH-3 – Half-yearly return (March & September).
- NDH-4 – Declaration to be recognized as Nidhi Company.
- MGT-7 – Annual Return.
- AOC-4 – Financial Statements.
Rules & Restrictions
What You Can Do:
- Accept deposits from members.
- Provide secured loans against assets.
- Offer locker facilities (with conditions).
What You Cannot Do:
- Act as chit fund, leasing, or insurance company.
- Issue preference shares or debentures.
- Open current accounts.
- Lend to outsiders.
- Advertise for deposits publicly.
Nidhi (Amendment) Rules, 2022 – Key Updates
- NDH-4 filing mandatory within 120 days of incorporation.
- Minimum 200 members + ₹20 lakh NOF required.
- Paid-up capital increased to ₹5 lakhs.
- Branch opening only with MCA approval.
- Stricter compliance checks & penalties.
Certificate of Incorporation
Once approved, your company receives a COI (Certificate of Incorporation) showing:
- Legal Name
- CIN (Corporate Identification Number)
- Date of Incorporation
- Registered Office
This certificate is required for:
- Bank Account Opening
- PAN, TAN, GST Registrations
- Legal Contracts & Approvals
Why Tax Pal Solutions?
- Quick Setup (15–25 Days)
- End-to-End Documentation
- MCA & RoC Compliant
- Dedicated Expert Support
- Trusted by 10,000+ Clients Across India
Start your Nidhi Company Registration with Tax Pal Solutions and build a member-first financial entity with complete legal backing.
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