Nidhi Company Registration

Basic Package

32000 (All Inclusive)

  • Nidhi Company Registration
  • DSC & DIN (7 DSC, 3DIN)
  • Company Name Approval
  • TAN
  • PAN Registration

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Standard Package

46000 (All Inclusive)

  • Inclusive of all services in basic package plus
  • Share Certificates
  • Share Allotment for upto 200 shareholders 

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Premium package

60000 (All Inclusive)

  • Inclusive of all services in Standard package plus
  • Trademark filling
  • Logo Design

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About Nidhi Company

  • Nidhi Company is a type of Non-Banking Financial Company and is recognized under section 406 of the companies Act, 2013, which does not require any license from the RBI to start. Nidhi Company is very easy and simple to form or register.
  • Nidhi company or mutual benefit society sole objective is to cultivate the habit of thrift and savings amongst its members. Nidhi companies are allowed to borrow deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only from its members (shareholders) and used only by the shareholders of the Nidhi Company.
  • Within these companies the only members can make deposits and these deposits money are used to give secured loans to the other members at a reasonable rate of interest. The basic idea of a Nidhi company is to save its members from the exploitation of money lenders who charge high interest rates.
  • Nidhi company is a type of NBFCs and RBI is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition to the fact that only members are involved in borrowing and lending of money. Nidhi company are much easier to formulate as compare to NBFC.

Nidhi Company Registration Procedure

  • DSC & DIN: - Application forDigital Signature Certificate & Director Identification Number
  • Name submission to MCA: - You have to provide 3 different name options for Nidhi company to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.
  • MOA & AOA submission: - After name approval, next step is to draft Memorandum of association and Articles of Associate. Object of the Nidhi company incorporation must always be a charitable object. Both MOA and AOA are filed with the MCA with the subscription statement
  • Get incorporation certificate: - It typically takes 3-4 Weeks to incorporate a Nidhi company and get the incorporation certificate. Incorporation certificate includes your CIN number.

Minimum Requirements to Incorporation a Nidhi Company

  • Minimum 3 Directors
  • DIN for all directors
  • Minimum Capital of Rs. 10 lacs
  • Minimum 7 shareholders

Why Nidhi Company

  • A Nidhi company has extensive legal capacity and can own property and also incur debts. The members (Directors) of a Nidhi company have no liability to the creditors of a Nidhi company.
  • Change in Management for Nidhi company can easily be filing through simple forms to the Registrar of Companies.
  • A Nidhi company has 'perpetual succession', that is sustained or continuous existence until it is legally dissolved. A Nidhi company, being a separate legal person, is unaffected by the death or departure of any member. It continues to be in existence irrespective of the changes in membership.
  • A Nidhi company being a juristic person, can buy, ownproperty in its name. No director can make any claim upon the property of the Nidhi company as long as it is a going concern.
  • A Nidhi company have better credibility when comparing with Mutual Benefit Organizations. Nidhi companies are registered and governed by the Central Government, on the other hand Mutual Benefits Organization are governed and supervised by State Governments.

Benefits of Nidhi Company

  • It’s easy for Nidhi Company to get funding or borrow capital from or lend money to group members.
  • No Minimum Share Capital Requirement
  • Easy to Manage
  • No External Involvement in Management
  • Relaxation in Compliances
  • Easy Transfer of Ownership
  • Low Rates of Interest
  • Secured Investments
  • Clear Objectives for easy donations and loans
  • Exemptions and Privileges under Companies Act, 2013

Corpseed Three Easy Steps for Nidhi Company Registration

  • Fill out our basic requirement form
  • We'll collect all your documents and file them directly with the authority
  • You'll receive your completed Nidhi Company package by an E-mail & Courier.

Documents Required for Nidhi Company Registration

  • Copy of Director’s PAN Card
  • Copy of Aadhaar Card/ Voter identity card of directors
  • Copy of Rent agreement(If rented property)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Passport size photograph of Directors
  • Landlord NOC (Format will be provided).

Corpseed Additional Services For Nidhi Company

Tax Advice: -

Prepare & file business taxes can be complicated. Our expert CA/CS will help you to prepare and file tax forms correctly with minimal fee and on time for your Nidhi company

 

Annual Audits & Compliances: -

Our expert CA/CS will complete annual audits and compliances for your Nidhi Company on time.

Frequently asked questions (FAQs)

  • Initially a Nidhi Company can apply for 3 branches.
  • For adding an additional over and above three branches, Nidhi company will first need to apply for approval from the regional Director.
  • Business of chit fund
  • Hire purchase finance
  • Leasing finance
  • Insurance or acquisition of securities issued by any corporate
  • Only shareholders/Members of the Nidhi Company who have a membership ID, can invest. To become a member, one must be 18-years old or above as per age proof and must be a citizen of India.

Yes, the company registration process is completely online.

Generally, it takes around 30 to 35 working days to register a Nidhi Company. But through CorpSeed, we issue the registration certificate with 15-20 Days.

Yes, a salaried person can become a director in a Nidhi company, but one may have to go through their employment agreement if it contains any restrictions.

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