For entrepreneurs looking to establish a non-banking financial institution in India, Nidhi Company incorporation is an ideal choice. A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that operates to promote savings and lending among its members. Regulated under the Companies Act, 2013 and governed by the Ministry of Corporate Affairs (MCA), Nidhi Companies are known for their simplified structure and lower compliance requirements compared to other NBFCs.

Why Incorporate a Nidhi Company?
✔ Encourages Savings – Helps members build financial security.
✔ Easy Loan Access – Members can borrow funds at lower interest rates.
✔ Lower Compliance Requirements – Less stringent compared to NBFCs.
✔ No External Interference – Only members can invest, borrow, or lend.
✔ Limited Capital Requirement – Minimum paid-up capital of ₹10 lakh.

Steps for Nidhi Company Incorporation
Name Reservation – Apply through the MCA portal using the RUN (Reserve Unique Name) service.
Obtain Digital Signatures (DSC) & Director Identification Number (DIN) – Required for company directors.
Draft & File Incorporation Documents – Submit Memorandum of Association (MOA), Articles of Association (AOA), and other necessary forms with the Registrar of Companies (ROC).
Approval & Certification – Once verified, the company receives its Certificate of Incorporation (COI).
Post-Incorporation Compliance – Open a bank account, comply with RBI & MCA regulations, and ensure a minimum of 200 members within one year.
Nidhi Company Incorporation Fees
The total cost of Nidhi Company incorporation depends on various factors, including government fees, professional charges, and compliance costs. On average, the incorporation fee ranges from ₹25,000 to ₹50,000, covering:
✔ MCA Registration Fees
✔ Digital Signature & DIN Registration
✔ MOA & AOA Drafting Costs
✔ Professional Consultation Fees

For entrepreneurs seeking a secure and legally compliant financial business, a Nidhi Company is a cost-effective and reliable option.

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