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Procedure for Nidhi Company Registration:-

  1. Company Incorporation: You’ll need to incorporate a public limited company under the Companies Act, 2013. This is typically done through the Registrar of Companies (RoC) in the state where the company’s registered office is located.
  2. Minimum Requirements:
    • Minimum of 7 shareholders (members).
    • Minimum of 3 directors.
    • Minimum paid-up capital of Rs. 5 lakh.
    • The word “Nidhi Limited” should be part of the company’s name.
  1. Drafting of Memorandum and Articles of Association: Draft and file the memorandum and articles of association of the company with the RoC. These documents should include the objectives and rules for the Nidhi Company.
  2. Registered Office: Provide the address for the registered office of the company. This address will be used for official correspondence.
  3. Appointment of Directors: Appoint at least three directors who are Indian citizens and have a Director Identification Number (DIN). Ensure that one-third of the directors retire by rotation and are replaced at each Annual General Meeting (AGM).
  4. Capital Subscription: Obtain the capital from the members. The minimum share capital should be Rs. 5 lakh, and each member should subscribe to a minimum of 10 shares.
  5. Apply for Certificate of Incorporation: Submit the necessary documents and forms, including the application for the certificate of incorporation, to the RoC.
  6. Obtain PAN and TAN: After incorporation, obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company.
  7. Compliance with RBI Guidelines: Nidhi Companies need to comply with the RBI’s guidelines for NBFCs. This includes maintaining a minimum net owned fund (NOF) of Rs. 10 lakh and ensuring that at least 10% of the deposit amount is invested in specified securities.


Additional Details

List of Documents and Requirements:-

The specific documents required for Nidhi Company registration may vary, but generally, you will need the following:

  1. Memorandum of Association and Articles of Association.
  2. Declaration of the directors in the prescribed format.
  3. Consent of directors to act as directors.
  4. Affidavits and declarations from the directors and shareholders.
  5. Proof of registered office address.
  6. Identity and address proofs of directors and shareholders.
  7. PAN cards of directors and shareholders.
  8. Passport-sized photographs of directors and shareholders.
  9. Copy of the utility bill of the registered office.
  10. NOC from the landlord if the office is rented.