Registering a Nidhi Company in India involves a systematic process governed by the Ministry of Corporate Affairs (MCA). Nidhi Companies are non-banking financial institutions that primarily deal with accepting deposits and providing loans to their members. Here’s a general guide on the registration process:

1. Preparation and Planning:

• Determine the authorized share capital and decide on a unique name for the Nidhi Company.

2. Memorandum of Association (MOA) and Articles of Association (AOA):

• Draft the MOA and AOA outlining the objectives, rules, and regulations of the Nidhi Company.

3. Digital Signature Certificate (DSC):

• Obtain Digital Signature Certificates for the proposed directors and shareholders. All filings with the MCA are done digitally, and DSCs are required for signing documents electronically.

4. Director Identification Number (DIN):

• Obtain DIN for the proposed directors. DIN is a unique identification number for directors, and each director must have a DIN.

5. Name Reservation:

• Apply for name reservation through the RUN (Reserve Unique Name) service on the MCA portal. Once approved, the name is reserved for 20 days.

6. Application for Incorporation:

• File the incorporation application with the MCA in the prescribed form along with the necessary documents, including MOA, AOA, and the address proof of the registered office.

7. Payment of Fees:

• Pay the prescribed fees for the incorporation and stamp duty. The fee may vary based on the authorized capital.

8. Verification by ROC:

• The Registrar of Companies (ROC) will verify the application, and if everything is in order, the ROC will issue the Certificate of Incorporation.

9. PAN and TAN Application:

• Apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

Important Notes:

• Professional Assistance: Seeking professional assistance from a chartered accountant or company secretary is advisable to ensure compliance with all regulatory requirements.

• Government Websites: Refer to the official MCA website for the latest forms, guidelines, and fee schedules.

• Compliance: Regularly monitor and ensure compliance with the Companies Act, 2013, and other applicable laws.