Is RBI licence required?

No. Nidhi companies are exempt from RBI NBFC regulations under RBI Master Direction DN.BS.PD.No.04/03.10.119/2015-16 (read with Companies Act Section 406 and Nidhi Rules 2014). The regulatory authority is MCA.

What is the minimum capital?

Net Owned Funds (NOF) of ₹10 lakh at incorporation; must be raised to ₹20 lakh within 1 year (Rule 6 of Nidhi Rules, 2014).

How many members are required?

Minimum 7 members at incorporation (public company requirement); membership must be increased to at least 200 within 1 year (Rule 5).

Can a Nidhi company accept deposits from public?

No. Section 406(1) read with Rule 14 of Nidhi Rules restricts deposits to members only. Accepting deposits from non-members is a punishable default.

NDH-1 is a declaration of compliance with Nidhi Rules filed within 90 days of close of the first financial year. It certifies number of members, deposits, loans, NOF and other prescribed metrics.

Can a Nidhi company open branches?

Yes — but only 3 branches within the same district of registered office without prior approval (Rule 13). Opening branches beyond the district or exceeding 3 requires Form NDH-2 application to RoC.

What are the prohibited activities?

Nidhis cannot undertake chit-fund, hire-purchase, leasing, insurance, securities, or issue preference shares/debentures (Section 406(2)).

Can foreign investors invest in a Nidhi?

No. FDI in Nidhi companies is prohibited under FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 — Schedule 1, Prohibited Sectors.

Editor's pickStartup · Business Registration

Company Registration

Register a Nidhi Company under Section 406 of Companies Act 2013. ₹10 lakh capital, 200 members in 1 year, NDH-1/NDH-3 filing. RBI NBFC licence NOT required.

Statutory basis: This is I-Pro Solutions' consolidated service page covering three entity types under one umbrella: (i) Private Limited Company — Companies Act 2013, Sections 3, 4, 5, 7.

Turnaround

7–14 Days

₹

Starts from

₹2,299

Money-back accuracy

Guaranteed

Total starting from

₹2,299

Professional + estimated government fee

Professional fee₹2,299 starts with

Government fee (est.)₹3,000

Turnaround7–14 Days

Money-back accuracy. CA/CS specialist. Tracked client portal.

CONFIRMEDverified 25 Aug 2026

Dedicated specialist

CA-led, named point of contact

Tracked client portal

Real-time status, end-to-end

Money-back accuracy

Refile-free if our error

Flat-fee pricing

No hidden charges, ever

About this service

A Private Limited Company (Pvt Ltd) is the most common form of incorporated business in India. It offers limited liability to its shareholders, a separate legal identity distinct from its promoters, and perpetual succession. The incorporation is governed by Section 3(1)(c) of the Companies Act, 2013. The filing instrument is the SPICe+ form (GSR 1210(E) of 2018), which integrates name reservation, incorporation, DIN allotment, PAN, TAN, EPFO, ESIC, GSTIN, and bank account opening in a single electronic filing on the MCA V3 portal.

Eligibility & thresholds

Minimum

2 subscribers to MoA (1 for OPC)
2 directors (1 resident Indian)
₹1 lakh authorised capital (practical)

Maximum

200 members (Section 2(68))
15 directors (extendable by SR)
No maximum on authorised capital

Statutory floor

No statutory minimum capital
SPICe+ fee waiver: capital ≤ ₹15 lakh
Above ₹15L — Table of Fees applies

What's included

Everything in one transparent fee — no add-ons, no surprises.

Document preparation

We draft MoA, AoA, DIR-2, INC-9 and AGILE-PRO-S linked forms.

Government filing

SPICe+ Part A (name) + Part B (incorporation) on MCA V3 portal.

DIN + DSC + PAN + TAN

Auto-allotted via SPICe+. PAN/TAN issued by Income-tax.

GST + EPF + ESIC setup

Optional opt-in via AGILE-PRO-S for simultaneous registrations.

Specialist CA/CS review

An ICSI-qualified CS reviews every filing before submission.

Post-incorporation filing

INC-20A (commencement) filed within 180 days — penalty-free.

Government Fee Breakdown

Government charges only — separate from I-Pro's professional fee. All figures verified as of 25 August 2026.

Fee Component	Amount (₹)	Basis / Authority
Name reservation (SPICe+ Part A)	₹1,000 (non-refundable).
Filing fee for SPICe+ Part B	Nil where nominal authorised capital ≤ ₹15,00,000 (Companies (Registration Offices and Fees) Amendment Rules, 2018, Rule 12 read with Notification GSR 1210(E)); above ₹15 lakh, fee per Table of Fees applies.
DIN allotment through SPICe+	Nil for up to 3 directors; ₹1,000 for each additional DIN beyond 3.
PAN/TAN	Nil (auto-allotted).
GST amendment in AGILE-PRO-S	Nil.
Total Government Fee	₹3,000	(for default assumptions stated below)

Government charges only — separate from I-Pro's professional fee. Verified 25 August 2026.

Required documents

Each list identifies exactly what to provide — and what you do not need to submit. Use the accordions to expand.

›PAN of every subscriber and director — Identity and statutory verification
›Aadhaar of every subscriber and director — Identity and statutory verification
›Address proof — passport / voter ID / driving licence / latest bank statement with photograph — Identity and statutory verification
›Passport-size colour photographs (≤3 months old) — Identity and statutory verification
›Latest utility bill (electricity / water / gas / telephone) of registered office **not older than 2 months** — Identity and statutory verification
›No-Objection Certificate from owner of premises (Annexure to INC-22) — Identity and statutory verification
›Rent agreement (notarised) if premises rented — Identity and statutory verification
›Class-3 DSC of all subscribers and the proposed director who will sign forms — Identity and statutory verification
›Specimen signature / consent to act as director in Form DIR-2 — Identity and statutory verification
›Declaration by each subscriber in Form INC-9 (auto-generated with SPICe+) — Identity and statutory verification

How it works

Each step is labelled with who performs it — Customer, I-Pro, or the Regulator. Form names are linked to the official portal.

1
Customer⏱ 1-2 Days
Procure Class-3 DSC for first subscriber and pro...
Procure Class-3 DSC for first subscriber and proposed director from eMudhra / n-Code / Sify / Capricorn (₹1,500–₹2,500 for 2 years).
2
I-Pro⏱ 1-2 Days
Draft 2 proposed names; check MCA Name Availabil...
Draft 2 proposed names; check MCA Name Availability, Trademark public search and IndiaFilings / IPA name-check.
3
I-Pro⏱ 1-2 Days
File SPICe+ Part A on MCA V3 — name reservation ...
File SPICe+ Part A on MCA V3 — name reservation fee ₹1,000. RoC approves/reserves name for 20 days.
4
I-Pro⏱ 1-2 Days
Draft e-MoA (INC-33) and e-AoA (INC-34) in bilin...
Draft e-MoA (INC-33) and e-AoA (INC-34) in bilingual format; collect subscriber DINs auto-allotted through SPICe+ (max 3 directors per SPICe+ Part B).
5
I-Pro⏱ 1-2 Days
Stamp-duty payment on MoA/AoA (state-specific — ...
Stamp-duty payment on MoA/AoA (state-specific — listed below) and upload in SPICe+ Part B.
6
Customer⏱ 1-2 Days
Sign DIR-2, INC-9; attach AGILE-PRO-S for simult...
Sign DIR-2, INC-9; attach AGILE-PRO-S for simultaneous GSTN, EPFO, ESIC, Profession-Tax (state) and bank-account opening requests (where opted).
7
I-Pro⏱ 1-2 Days
Upload SPICe+ Part B with linked forms on MCA V3...
Upload SPICe+ Part B with linked forms on MCA V3; pay filing fee (nil for nominal capital ≤ ₹15 lakh via SPICe+ waiver, otherwise per Table of Fees) + ₹1,000 per DIN for >3 directors.
8
Regulator⏱ typically 24–72 hours
RoC scrutiny (typically 24–72 hours); issues Cer...
RoC scrutiny (typically 24–72 hours); issues Certificate of Incorporation (COI) with CIN; auto-allots PAN, TAN, EPFO, ESIC, GSTIN (if opted).
9
Customer⏱ 1-2 Days
Open bank account using COI, PAN, MoA, AoA and B...
Open bank account using COI, PAN, MoA, AoA and Board resolution.
10
I-Pro⏱ 1-2 Days
File **INC-20A** (declaration of commencement of...
File **INC-20A** (declaration of commencement of business) within 180 days of incorporation — bank statement showing ₹1 lakh paid-up capital received.

Post-registration compliance

What to file next. I-Pro handles these as part of the annual compliance package.

Filing	Form	Deadline
Commencement of Business (Form INC-20A) Penalty: ₹50,000 for company + ₹1,000/day for directors (max ₹1 Lakh)	`One-time mandatory`	Within 180 days of incorporation after bank capital deposit
First Auditor Appointment (Form ADT-1) Penalty: Statutory non-compliance; prosecution of defaulting officers	`5-year tenure`	Within 30 days of incorporation by Board of Directors
Annual Financial Statements (Form AOC-4) Penalty: ₹100 per day of delay per form with no statutory ceiling	`Annual`	Within 30 days of AGM (by 29 October annually)
Annual Return (Form MGT-7) Penalty: ₹100 per day of delay per form with no statutory ceiling	`Annual`	Within 60 days of AGM (by 29 November annually)
Director KYC Verification (DIR-3 KYC) Penalty: ₹5,000 statutory fee per DIN + deactivation	`Annual`	Every designated partner / director holding active DIN by 30 September

Penalties for non-compliance

Statutory penalties under governing regulatory provisions. Avoid non-compliance delays.

Non-compliance	Provision	Penalty
Commencement of Business (Form INC-20A)	One-time mandatory	₹50,000 for company + ₹1,000/day for directors (max ₹1 Lakh)
First Auditor Appointment (Form ADT-1)	5-year tenure	Statutory non-compliance; prosecution of defaulting officers
Annual Financial Statements (Form AOC-4)	Annual	₹100 per day of delay per form with no statutory ceiling
Annual Return (Form MGT-7)	Annual	₹100 per day of delay per form with no statutory ceiling
Director KYC Verification (DIR-3 KYC)	Annual	₹5,000 statutory fee per DIN + deactivation

Common mistakes to avoid

Avoidable filing errors that cause delays or rejection. Each can be resolved before submission.

1
Mismatched applicant legal name or identity details across KYC proofs
Why: Government verification APIs cross-check with UIDAI and MCA databases and automatically flag discrepancies in spelling or dates.
Fix: Our specialists pre-validate your documents against official government databases before portal filing.
2
Submitting outdated utility bills or non-notarized commercial leases
Why: Premises proofs older than 60 days or defective landlord NOCs trigger statutory scrutiny queries and multi-week processing delays.
Fix: We verify recent billing dates and provide pre-formatted, legally vetted landlord NOC and lease formats.
3
Selecting incorrect classification, turnover slab, or statutory activity code
Why: Applications filed under inappropriate classifications attract show-cause notices and potential rejection without statutory fee refund.
Fix: We conduct a statutory scope assessment to align your application with the exact regulatory requirements.

Frequently asked questions

Everything you need to know about this service.

Client feedback

What clients say

Real reviews from founders, finance leads and operators who used our Company Registration service.

No reviews yet

Be the first to share your experience with Company Registration.

Recommended Bundles

Instead of buying these services separately, get them together as a package.

Premium

Founders Premium Pack

Registration + TM + SHA + Startup India + ISO 9001 + Patent — everything a serious founder needs.

Individual Total₹53,694

Bundle Price₹45,556

You save ₹8,139 (20%)

What's included

Get Started →

Growth

Company Compliance Growth Pack

Registration + GST + Annual compliance + ROC filings + Trademark — first-year full coverage.

Individual Total₹40,715

Bundle Price₹35,511

You save ₹5,205 (15%)

What's included

Get Started →

Starter

Startup Essentials Pack

Pvt Ltd + MSME + Startup India + DSC — everything a new founder needs to incorporate.

Individual Total₹11,196

Bundle Price₹10,527

You save ₹670 (10%)

What's included

Get Started →

All Services More in Startup