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How Much Does it Cost to Register a Nidhi Company in India

Nidhi company is a Non-banking Finance Company in India. It is a type of which financial institution which does not require permission from the Reserve Bank of India. It works on the principle of mutual benefit and can only borrow and land money from its members. The cost of registering a Nidhi company in India is subjective and can vary from one state or another.

How to register a Nidhi company?

The company’s directors must apply to the registrar of companies (ROC) requesting a digital signature certificate and the Director’s identification number.

Step-1 Obtaining DSC

Registering a Nidhi corporation is entirely digital; hence having a digital signature certificate is a condition that must be met. The certified agencies must receive an application for a DSC from the directors and subscribers to the company’s memorandum. 

Step-2 Obtaining DIN

The DIN is a unique identification number assigned to directors of a company. The directors must apply to the registrar of companies (ROC) to obtain a DIN. All company directors must have a digital identification number, which is required to register the company.

Step-3 Register a name for the company

The SPICe RUN form, which is part of the SPICe+ form, can be used to apply for a name for Nidhi Company. While creating the company’s name application, you Must define the industrial activity code and object clause.

Step-4 Obtaining MoA and AoA

SPICe e-MoA and e-AoA are the linked forms that must be completed when applying for company registration.

The memorandum of Association (MOA). It serves as the foundation for the company. It establishes the company’s constitution, powers, and objectives. Articles of Association (AOA). It outlines all of the rules and regulations governing the company’s management.

Step-5 issuance of COI

The CoI is an electronic document issued to company directors upon completion of the SPICe+ form. The CoI is used to verify the directors’ identity and digitally sign legal documents such as contracts and agreements.

Nidhi company registration cost

Minimum capital share Government Fees (Stamp fees)
5 lakh rupees Rs. 1,600
10 lakh rupees  Rs. 2,100
The govt stamp duty fees for Nidhi company registration are subjective to states and the minimum share capital being invested into the company.

Some other additional costs are involved in Nidhi company registration

Steps  Fees 
Obtaining DSC  Rs. 7,000
Obtaining DIN  Rs. 500
Registering a Unique name  Rs. 1000
Note: Legal professional fees are not included.

Nidhi company registration consultants in India

Applying for a Nidhi company incorporation appears simple and easy. However, it must follow various compliance and regulations before and after the inclusion of a company. We at professional utilities can guide you through the online process in simple steps with our team of experts at minimal consulting fees.

Advantages of Nidhi Company Registration

  • Separate Legal Entity:-

Nidhi companies are incorporated under the MCA companies act 2013 as limited companies. Thus it is treated as a separate entity from its shareholder and can own assets in its name. 

  • Limited Liability:- 

Directors and shareholders have limited liability protection under the Companies Act of 2013. So, if the company has financial problems, the director’s assets are safe and cannot be seized by banks or government agencies.

  • No RBI Guidelines

Nidhi Company falls under NBFC (Non-Banking Financial Company) but does not require RBI guidelines for incorporation.

Compliances with Nidhi company registration

  • Appointment of auditor (ADT-1)
  • Filing an annual return
  • Filing of annual income tax return
  • Disclosure of interest and other entities
  • Mandatory Four board meetings each calendar year


How much does it cost to register a Nidhi company in India?

 The registration fees for Nidhi company vary from state to state and do not include the fee of acquiring DSC and DIN and the professional consultant fee. 

Our “Nidhi registration” fees start from Rs. 10,999* depending on the state of Incorporation(Excluding govt fees).

 How much is minimum share capital required to start a Nidhi company?

The Minimum share capital should not be less than 5 lakh rupees, and the minimum number of members should not be less than 7.

How to register a Nidhi company online in India?

To incorporate a Nidhi company online in India, applicants must first acquire a digital signature certificate and a director’s identification number. Then they can create a director account on the MCA portal to fill out the SPICe+ form to register a Nidhi company in India.

What is a Nidhi Company?

A Nidhi company is a type of NBFC in India but does not require RBI registration permission. It is based on mutual interest and registered under the MCA Act 2013. Such companies are incorporated as public limited companies.

 How many members are required to start a Nidhi company?

A minimum of 7 members are required to register a Nidhi company.

What is the benefit of Nidhi registration under the MCA act?

These are the following benefits of Nidhi registration in India.

  • Inculcates the habit of savings
  • Few RBI guidelines
  • Limited Liability
  • Separate Legal Entity
  • Easy Formation
  • Ease of Management