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Register your Nidhi Company anywhere in India. Our dedicated team of professionals at Legal Time will help you to register your Nidhi Company.

Nidhi Company Registration
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What is Nidhi Company Registration?

Nidhi Company is a Non-Banking Financial Company (NBFC) which does not require any license from the RBI. The Nidhi Company is very easy and cheap to form to register. Anybody can register a Nidhi Company; there is no background check, nor are there did any prescribed qualifications for its owners. Nidhi Companies cannot deal with anybody other than its members.

It is registered under the Companies Act, 2013, which has the single aim of developing the habit of saving and profits amongst its members. Nidhi companies are allowed to take a deposit from their members and lend to their members only. The funds contributed to a Nidhi company are only from its members (stockholders) and used only by the stockholders of the Nidhi Company.

Nidhi company registration requires minimum 3 members. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name. Nidhi company is easy and economical to register. 


Step 1: Name Approval

The Proposed name of the Nidhi company must be unique and it should not be similar. The name can be reserved through Reserve Unique Name (RUN) facility with the Ministry of Corporate Affairs.

Step 2: Digital Signature Certificate (DSC)

All proposed directors of the Nidhi Company must have a digital signature that will be used to file the online Company Registration application.

Moreover, one can use the same DSC for a signing of ROC compliance e-forms, and E-Income Tax returns in the future.

Step 3: Submission of Final Incorporation form (SPICe) along With MOA & AOA

Once the name is approved the Nidhi Company Registration application is submitted in SPICe Form along with Nidhi company’s Articles of Association and Memorandum of Association. After proper inspection of the application, COI is issued.

Step 4: Bank Account

Open your bank Account and Launch your business.


A Nidhi company is a separate person having its own rights & obligations. The identity of a Nidhi Company is distinct from that of its members.

Formation of Nidhi Company is more easy as compare to Other NBFCs Minimum approvals are required from RBI.

There is no such minimum capital required for a Nidhi company therefore, there is no pressure of fund requirements.

A registered Nidhi company enjoys many tax benefits as well.

Nidhi Company is easy to manage in Comparison to Other NBFCs

Get a free consultation for Nidhi company registration by scheduling an appointment with Legal Time.

Why Choose us


We ensure startups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery startups prefer us to do Company registration.


100% Technology driven platform to speed up your company registration process and make your life easy


We understand the value of money for startups. We offer complete transparency and affordable cost to startups.


Fully online service so that you can start and complete the process without running around from the comfort of your home or office.


At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.


Minimum 3 directors
Minimum 7 shareholders
5 lakhs Minimum Capital Requirement
DIN Numbers of all Directors

Documents Required


Pan Card of Shareholders & Directors


Latest Passport size photograph of Shareholders & Directors.


Aadhar Card/ Voter ID/Passport/ Driving Licence of Shareholders & Directors.


Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.


Rent agreement

Utility bills-telephone, electricity, and municipal (Not older than 2 Months)

NOC From Owner.

Post Nidhi Company Registration Requirements?

Mandatory Compliances

  • NDH 1:The Nidhi Company is required to submit the list of members within 90 days from the end of every financial year.
  • NDH 2:The Company can request MCA for the extension in case Nidhi Company is not able to add 200 members in a year.
  • NDH 3:Along with the above form a half yearly return is also required to be filed in Form NDH 3.
  • ROC Annual Returns: it is mandatory for a Nidhi Company to file annual return & Financial Statements  with MCA through Form MGT-7 & AOC-4.

GST Registration

GST (Goods and Service Tax) registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states).GST registration is mandatory for particular businesses like Export-Import, E-commerce, and Market Place Aggregator.

Trademark/Patent Registration

Trademark and Patent gives protection  from infringement and duplication. With this, competitors cannot affect your brand and market value. The logo provides protection under the Trade Marks Act 1999.

Get a free consultation for Nidhi company registration by scheduling an appointment with Legal Time.


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