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HomeMCA ServicesCompany Registration TypeNidhi Company Registration Step‑by‑Step in India (2025 Guide)

Nidhi Company Registration Step‑by‑Step in India (2025 Guide)

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Company Registration Type

A Nidhi Company, also known as a mutual benefit society, is a type of non-banking finance company under Section 406 of the Companies Act, 2013. It promotes savings and borrowing among its member-owners on a peer-to-peer basis.

📘 1. Introduction

Nidhi firms are regulated by both the Companies Act and Nidhi Rules, 2014. They only lend to and accept deposits from their members, fostering a savings culture within the group. No RBI approval is required, and they operate with mutual benefits in mind.

🧾 2. Types of Registrations & Licenses

  • ✠New Nidhi Company Registration via SPICe+ Form INC‑32
  • 🔄 Periodic Compliance Filings: NDH‑1, NDH‑2, NDH‑3, NDH‑4, AOC‑4, MGT‑7
  • ♻️ Branch Opening Permissions (up to 3 per district, more with RD sanction)

👥 3. Who Needs These Services?

  • Groups aiming to establish a mutual savings and lending platform
  • Local community organizations, rotating societies, or mutual funds
  • Entrepreneurs seeking a legal structure for deposit-based member financing

🔐 4. Why Choose a Registration Service Provider?

  • ✠Seamless filing of SPICe+ INC‑32, MoA/AoA
  • ✠Accurate DIN & DSC collection, along with name reservation
  • ✠Expert guidance through post-incorporation regulations—NDH forms & compliance
  • ✠Help with regulatory submissions for branch openings and deposit-lending limits

⚙️ 5. Registration Process – Step‑by‑Step

  1. DIN & DSC for directors
  2. Name approval via RUN or SPICe+ Part A (must end with “Nidhi Limited”)
  3. SPICe+ INC‑32 Filing: includes MoA, AoA, office proof, identity documents, DSC
  4. Certificate of Incorporation: ROC issues CIN once approved
  5. NDH‑1 within 90 days: declare directors and members list
  6. NDH‑4 within 120 days: confirm meeting eligibility criteria (200 members, ₹10 L net funds)
  7. Compliance Filings: NDH‑3 (half-yearly), AOC‑4 & MGT‑7 annually
  8. Branch Permissions: After 3 years of profit, serve up to 3 branches in same district

📋 6. Required Documents

  • PAN, Aadhaar, and photos of subscribers/directors
  • Registered office address proof & NOC
  • MoA & AoA
  • DSC & DIN details
  • Coded capital/investment proof
  • CA certificate for net-owned funds & membership status upon NDH‑4 filing

💰 7. Cost Involved

ComponentEstimate (₹)
DIN & DSC (per director)1,000–2,000
Name reservation & SPICe+ fees1,500+ (capital-based)
Professional drafting & filing10,000–25,000
Stamp Duty & Miscellaneous2,000–5,000

⏳ 8. Time Taken

  • DIN & DSC: 2–3 days
  • Name Approval: 1–3 days
  • SPICe+ INC‑32 Filing: 10–20 days
  • Final Incorporation: Additional 5–10 days
  • Post-formation NDH‑1/NDH‑4 Filings: within first 120 days
    Total from start to fully active ~ 30–45 days

⚠️ 9. Common Mistakes to Avoid

  • Name lacking “Nidhi Limited,” or using “Nidhi” improperly after July 2024 reversal of old prohibition
  • Under-capitalization or insufficient member count at milestone
  • Missing statutory forms (NDH‑1/4/3)
  • Opening branches without required profits or RD approval
  • Mixing non-member deposits or prohibited activities (chit funds, insurance)

📞 10. Call‑to‑Action (CTA)

Ready to launch your Nidhi Company?

📧 Email: opriyatrendingpvtltd@gmail.com
📲 WhatsApp: +91 75887 56518
🌐 Visit: opriyatrending.in

Get professional guidance—from registration to compliance and branch opening.

❓ 11. FAQs

Q1. What’s the minimum paid‑up capital?
₹5 lakh initially; and ₹10 lakh net funds by end of first year.

Q2. Can I open branches immediately?
No. Only after 3 profit-making years and with a cap of 3 in a single district.

Q3. Must the name end with “Nidhi Limited”?
Yes—unless specifically exempted post the July 2024 rule change, which relaxed the naming rules under INC 8A.

Q4. Can minors or corporate entities be members?
No. Only Indian adults.

Q5. Are RBI regulations applicable?
No. Nidhi firms follow Nidhi Rules and are exempt from RBI NBFC oversight.

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