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First Auditors platform is a technology-driven platform that offers specialized legal and financial advisory services in India.

Nidhi Company Registration

We specialize in Nidhi Company Registration services to help your business meet compliance requirements and contribute to sustainable growth. Our services include the following:

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01 Overview 02 Who Needs 03 Eligibility 04 Documents 05 Process 06 Authority & Fees 07 Validity 08 Rejection 09 How We Help 10 FAQ
Overview

Nidhi Company Registration in India

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) recognized under Section 406 of the Companies Act, 2013. Its primary objective is to cultivate the habit of thrift and savings among its members and to provide them with loans and advances. Nidhi Companies are also known as Mutual Benefit Companies, Benefit Funds, Mutual Benefit Funds, and Permanent Funds. They operate exclusively for the benefit of their members, making them a unique and community-focused financial entity in India.

Nidhi Company Registration Services
Who Needs This Service

Is a Nidhi Company the right fit for you?

A Nidhi Company is ideal for groups and communities who want to pool resources for mutual benefit.

  • Groups of individuals looking to start a mutual benefit society for savings and loans
  • Communities who want to provide affordable credit to their members
  • A group of friends, family, or community members wanting to pool funds for mutual benefit
  • Existing chit funds or mutual benefit groups that want to formalize their operations
  • Organizations that want to encourage a savings culture among a specific group of people
  • Groups that want to operate a financial entity with less regulatory intervention from the RBI.
Eligibility Requirements

Who can register a Nidhi Company

  • Must be a public company incorporated under the Companies Act, 2013
  • Minimum of 3 directors and 7 shareholders at the time of incorporation
  • Minimum paid-up equity share capital of ₹5,00,000 (Five Lakhs) is required
  • Must have at least 200 members within one year of its incorporation
  • Business activity must be limited to lending and borrowing funds among members
  • Name must include "Nidhi Limited" or "Mutual Benefit" as suffix
Documents Required

What to keep ready

Documents are grouped the way the Registrar reviews them — director/member, registered office, and company details.

Directors & Shareholders
  • PAN card of each director and shareholder
  • Address proof (Voter ID, Passport, Driver's Licence) of each director and shareholder
  • Recent bank statement, phone, mobile, electricity, or gas bill
  • Passport-size photograph of each director and shareholder
Registered Office
  • EB card / utility bill of the registered office
  • Rental agreement (if rented) with owner's No Objection Certificate
  • Sale deed / property tax receipt (if self-owned premises)
Company Particulars
  • Proposed company name and business activity
  • Digital Signature Certificate (DSC) for the director
  • Director Identification Number (DIN) for all directors
  • Memorandum of Association (MoA) and Articles of Association (AoA)
Step-by-Step Procedure

How your incorporation file moves through the Registrar

Each stage is a real, sequential filing step on the MCA SPICe+ system.

01
1–2 working days

Digital Signature & Director Identification Number

We obtain Class 3 Digital Signature Certificates (DSC) for the proposed directors and apply for their Director Identification Number (DIN).

02
1–2 working days

Name approval via SPICe+ Part A

We check availability and reserve your proposed company name with the Registrar of Companies, ensuring it ends with "Nidhi Limited" or "Mutual Benefit".

03
2–3 working days

Drafting MoA/AoA & Filing

We prepare the Memorandum and Articles of Association and file the SPICe+ Part B form for incorporation. The MoA defines the company's objectives as being a Nidhi Company.

04
2–4 working days

Registrar review and query resolution

The ROC examines the filing. If any clarification is sought, we respond on your behalf within the resubmission window.

05
1–2 working days

Certificate of Incorporation, PAN & TAN

On approval, the Registrar issues the Certificate of Incorporation with your Corporate Identification Number (CIN), along with company PAN and TAN.

06
Ongoing

Post-Incorporation Compliance

We assist with opening the current bank account, and provide guidance on the first-year statutory compliance calendar, including the requirement to have 200 members within one year.

Authority, Timeline & Fees

Where the file goes, and what it costs

Government Authority

Ministry of Corporate Affairs (MCA), through the jurisdictional Registrar of Companies (ROC), via the SPICe+ portal.

Estimated Processing Period

Typically 15 working days from complete document submission, depending on ROC workload and query resolution time.

Identifiers Issued

CIN, company PAN, and TAN are issued together with the Certificate of Incorporation.

Fee Structure

A government/statutory fee paid directly to the MCA, plus a professional fee for drafting, filing, and follow-up.

ComponentPaid toNature of charge
Government / statutory fee Ministry of Corporate Affairs Varies with authorised share capital & state stamp duty
DSC & DIN charges Certifying authority / MCA Fixed, per director
Professional fee First Auditor Quoted upfront, one-time

Government fees are prescribed by the MCA and change based on authorised capital and state of registration; our team quotes both components separately before you proceed, with nothing added later.

Validity & Renewal

Does the registration expire?

A Certificate of Incorporation has no expiry date — the company continues with "perpetual succession" until formally wound up, struck off, or converted. There is no renewal filing for the certificate itself, but the company must stay active through recurring statutory compliance:

  • Annual filing of financial statements (Form AOC-4) and annual return (Form MGT-7) with the ROC
  • Statutory income tax return filing and, where applicable, GST compliance
  • Director's KYC (DIR-3 KYC) filed annually to keep the DIN active
  • Must have at least 200 members within one year of incorporation and maintain the minimum number of members at all times
Common Reasons for Rejection

What causes the Registrar to reject or resubmit a filing

  • Proposed name too similar to an existing company, LLP, or registered trademark
  • The company name does not end with "Nidhi Limited" or "Mutual Benefit"
  • Less than 3 directors or 7 shareholders at the time of incorporation
  • Paid-up capital is less than ₹5,00,000
  • Mismatch between PAN, Aadhaar, and address proof details of the directors
  • Incomplete or expired address proof for the registered office, or a missing owner NOC
  • DSC not properly linked or expired at the time of filing
How First Auditor Assists

One team, from name approval to your first compliance filing

We manage every filing, query, and follow-up with the Registrar so you are never navigating the MCA portal alone.

Name & structure check

We verify name availability and ensure your company structure meets all Nidhi Company requirements.

Drafting & filing

MoA, AoA, and SPICe+ forms drafted and filed by our in-house team, ensuring all Nidhi-specific clauses are included.

Query handling

Registrar clarifications answered on your behalf within the resubmission window.

Bank & PAN/TAN follow-up

We coordinate current account opening and PAN/TAN issuance after incorporation.

Compliance calendar

A first-year statutory compliance schedule so no ROC or tax deadline is missed.

Dedicated support

A single point of contact for questions throughout the process.

Frequently Asked Questions

FAQ

Setting up a Nidhi Company takes an average of 15 business days to complete, subject to ROC processing times and query resolution.

It is required to include "Nidhi Limited" as the last words in the company name, yes. The phrase "Mutual Benefit" can also be used as an alternative.

A Nidhi Company must have a minimum of three directors and seven shareholders at the time of incorporation.

The Nidhi Company Registration process is entirely online, therefore there is no need for anyone to come to our office in person.

ID proofs, address proofs, the most recent bank statements, and address proofs for the registered office are the main documents needed for Nidhi Company Registration.

A Nidhi Company must have a minimum paid-up equity share capital of ₹5,00,000 (Five Lakhs) at the time of incorporation.
Registrar
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Disclaimer: This page is provided for general informational purposes only and does not constitute legal, tax, or professional advice. Government fees, processing timelines, and documentation requirements are prescribed by the Ministry of Corporate Affairs and the applicable Registrar of Companies, and are subject to change without notice. First Auditor is an independent professional services firm and is not affiliated with, or an agent of, any government department. Please consult our team or a qualified professional for advice specific to your situation before making any registration decision.
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