Minimum 3 directors and maximum 15 (One resident Indian director is mandatory)

• Minimum 7 shareholders
• Minimum share capital 5 Lakh
• DIN (Director Identification Number) for all the Directors
• DSC (Digital Signature Certificate) for one of the Directors
• DSC of Shareholder

From proposed Directors/ Members DIRECTOR OR MEMBER (SELF-ATTESTED)

• ID proof -Passport/ Driving License/ Voter ID card/ AADHAAR Card
• PAN card of the applicant
• Copy of bank statement
• Email ID and mobile number

FOR REGISTERED OFFICE

• Rent agreement on the name of the company or NOC by Landlord.
• Utility bills-telephone, electricity, and municipal (Not older than 2 Months).

• Step 1: Application for DSC (Digital Signature Certificate).
• Step 2: Apply for the DIN (Director Identification Number)
• Step 3: Application for the name availability.
• Step 4: Filing of the form Spice Plus with E-Moa and E-AOA to register private limited company
• Step 6: Apply for the PAN and TAN of the company
• Step 7: Issued certificate of incorporation by ROC with PAN and TAN
• Step 8: Opening a current bank account on company name

Nidhi Companies are not entitled to perform the following transactions:

• Engage in Chit funds business and leasing finance
• Lotteries
• Going on for any business other than borrowing and lending to its members
• Opening the current account with its members
• Getting into a partnership arrangement to carry lending as well as borrowing activities
• Insurance
• Issuing debentures, preference shares, or some other debt instruments
• Accepting and lending of deposits from corporate
• For mobilization of deposits, pay fee, incentive, and commission
• Pay brokerage amount for granting loans to the members
• Hire-purchase finances
• Invite and accept deposits from their own members rather than other members.