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 RegistrationRoC Malaysia Jurisdiction

Company Registration in Malaysia

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 (Malaysia)

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 with jurisdiction under RoC Malaysia.

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 — verified statutory schedule for Malaysia, . Professional fee separate.

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.

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