Nidhi Company Registration

Get your Nidhi company registration in India done with us in just 10 working days at an affordable price. 1 DSC and 3 DINs are included, along with company name registration and expert support until RBI principle approval.

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Nidhi Company Registration

Nidhi Company Registration

Simplify your Nidhi company incorporation process with our expert team, providing stress-free, transparent, and professional assistance.

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Documents Required for Nidhi Company Registration

  • Identity Proof: PAN card, Aadhaar card, or voter ID of all the members and directors.
  • Address Proof: Utility bills (electricity, water, or gas) or bank statements of members and directors.
  • Photographs: Passport-sized photos of all members and directors.
  • Registered Office Proof: Rent agreement and no-objection certificate (NOC) from the owner, or ownership documents.
  • Digital Signature Certificate (DSC): Required for all directors.
  • Director Identification Number (DIN): Required for all directors, which we help you obtain.
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What is NIDHI Company?

A Nidhi Company is a non-banking financial company (NBFC) in India, established with the primary goal of encouraging savings among its members. Nidhi Companies facilitate lending and borrowing between members by accepting deposits from them and providing loans at a reasonable interest rate. These companies are regulated by the Ministry of Corporate Affairs (MCA) and function under Section 406 of the Companies Act, 2013. Nidhi Companies work for the mutual benefit of members and help in promoting a habit of thrift and savings.

Benefits of Nidhi Company Registration

  • Encourages Savings: A Nidhi Company promotes the habit of saving and thrift among its members.
  • Mutual Benefit Society: Members of the Nidhi Company can both deposit and borrow funds at reasonable interest rates.
  • Simple Lending Process: It allows easy lending to members without complicated procedures, ensuring fast loan approval.
  • Low-Risk Business Model: Nidhi Companies deal only with their members, reducing the risk of loan defaults and losses.
  • No RBI Approval Required: Unlike other NBFCs, a Nidhi Company does not require approval from the Reserve Bank of India (RBI).
  • Limited Regulations: Nidhi Companies are not subject to stringent RBI regulations, making compliance and management simpler.
  • Perpetual Succession: The company continues to exist regardless of changes in membership or management.

Eligibility Criteria for Nidhi Company Registration

  • Minimum 7 Members: A Nidhi Company must have at least 7 members (shareholders) at the time of incorporation.
  • Minimum 3 Directors: The company should have a minimum of 3 directors, with at least one Indian resident.
  • Unique Company Name: The company’s name should be unique and approved by the MCA.
  • No Preference Shares: A Nidhi Company cannot issue preference shares.
  • Registered Office: The company must have a registered office in India.
  • Net-Owned Fund: The net-owned fund should be at least ₹10 lakhs within one year of incorporation.

Registration Process for Nidhi Company

  1. Digital Signature Certificate (DSC): Apply for DSC for all directors.
  2. Director Identification Number (DIN): Obtain DIN for directors.
  3. Name Reservation: Reserve the unique name of the company with the Ministry of Corporate Affairs (MCA).
  4. Submission of Documents: Submit the Memorandum of Association (MoA), Articles of Association (AoA), and other required documents.
  5. Certificate of Incorporation: Once the MCA approves, receive the Certificate of Incorporation for the Nidhi Company.
  6. Post-Incorporation Compliance: Ensure compliance with Nidhi Rules, 2014, including filing forms and maintaining a minimum of 200 members within one year.

Why Tax Protect

Our team of experts offers personalized guidance throughout the registration process. We ensure a smooth and hassle-free registration with no delays. From document preparation to final registration, we handle everything for you. Affordable packages that suit your needs without compromising on service quality. We provide ongoing support for compliance, filings, and Nidhi Company operations. Our professionals have vast experience in NBFC and Nidhi Company registration, making sure your company complies with all regulations. Tax Protect is a reliable and trusted name in company registration services.

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Frequently Asked Questions

A Nidhi Company must have a minimum of 7 members and 3 directors to complete the Nidhi company registration process.

For Nidhi company incorporation, the company must have a minimum net-owned fund of ₹10 lakhs within one year of incorporation.

No, unlike other NBFCs, Nidhi company registration in India does not require RBI approval.

No, a Nidhi Company can only lend and accept deposits from its registered members.

The company should have a minimum net-owned fund of ₹10 lakhs within one year of incorporation.

The time taken for registration will depend on the submission of applicable documents by the client and the speed of Government Approvals. To ensure speedy registration, please choose a only one of its kind name for your Company and make sure you have all the required documents prior to starting the registration process.

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