Nidhi Company Registration Online

You Can Now Register Your Company At Just 10,000 (All Inclusive)* _{Timeline- 10-15 working days}
Nidhi company is classified into the Non Banking Financing Company (NBFC) and register the company according to the companies Act 2013 under the section 409.

GET STARTED

NIDHI COMPANY - An Overview

The major business of the Nidhi company is easy lending money between the core members of the company. The core member or share holder are advised to saves the money and invest that to the company. These investment is then used for the company purpose, to give loan and advances, and to acquire government issued bonds/stocks/debentures/securities. These all are managed by the Ministry of Corporate Affairs (MCA), when the RBI regulates the Financial dealings.

How to Register

Step 1: Apply for DSC (1 person) and DIN (3 persons), then registered with the MCA.
Step 2: Choose the Company name before the registration.
Step 3: Get the RBI approval.

Arrangement of Registering company in India

Have to register the company in India, should follow the Law of Companies Act 2003. Which is listed below.

THREE DIRECTORS

To start the Nidhi company, it should have atleast 7 members. From that 7 members, 3 should be the company directors. So that, the company obtain 200 members at the end of the year.

UNIQUE NAME

The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.

MINIMUM CAPITAL CONTRIBUTION

The Nidhi company needs minimum of 5lakhs, as its equal share capital to start it. You have to be paid the full amount of share capital. So that, the earned amount is 10lakhs or more within one year from the date of registration. It contains equity share capital and free reserves. It is not contains combined losses and intangible property.

CURRENT BANK ACCOUNT

 Uncounted term deposits should be 10% or more of the outstanding deposits.  1:20 ratio is for the owned funds to deposits, it should not be increased from the given ratio. In that the fixed deposit account (in notarized bank), 10% from the total deposit amount.

10 things apart from the Nidhi company like NBFC

Cannot Conduct Other Business

In Nidhi company, hire purchase finance, chit fund, leasing finance, insurance or acquisition of securities given by any corporation, these all are not conducted in the Nidhi company. In the Non Banking Financial Company (NBFC) have done the business of loans & advances, Acquisition of shares/stocks/debentures/bonds/securities given by the government or non government authority and other marketable security, hire purchase, leasing, insurance business, chit business.

Current Account

Nidhi company is the mutual advantage institution, this type of company commercialization against by the government and didn't give the authority to start the current bank accounts. Therefore, Under the Nidhi scheme you didn't open the current account.

Nothing Advertisement process

Nidhi companies are not permit the advertisement of anyone in the trust of earning a deposit. But it was made advertisement to grant loans.

Allow the share capital and debentures

The Nidhi company is not preferred the share capital and bond (Debentures) to get funds.

Brokerage

This type of companies are not allowed the motivation and agent (Brokerage) for mobilizing deposits or providing loans.

Non Members deposits

: The person, who is not the member of the Nidhi company can't have the option to get the deposits. Granting and depositing characteristics are given only for the member of the Nidhi company and the circulation and handling the money is also in the same condition, not for others.

Service Charge

The service charge is not granted for the person, who is not in member of the Nidhi company. Who have the membership in that company only grants the service charge.

Restrictions in the membership

In the membership , the corporate body should not added to it. Therefore getting deposits from that institution.

Branches

It was not allowed to open the another office as a helping branch in India till it acquire the profit three years continuously.

Boundaries

The branch of the Nidhi company should be in the state of the origin of India.

Required Documents

Identity And Address Proof

The Nidhi company documents should be submit for all the directors.

Scanned copy of PAN/TAN
Scanned copy of Voter ID/ Driving license/passport
scanned copy of Telephone bill/Mobile bill/bank statement/ Electricity bill
specimen signature certificate
Passport size photo

WHAT INCLUDES IN THIS PACKAGE?

Verification of Documents
DSC and DIN for 2 Directors
Name approval and ROC fees
Drafting MOA & AOA
Following until Certificate is allotted
Applying PAN & TAN

FREE CONSULTATION

Have Queries? Talk to our expert

Request to callback

WHAT IS THE PROCESS FOR INCORPORATION OF COMPANY?

Applying DIN&DSC

DSC and DIN for all directors are required.DSC for 1 & DIN for 3 directors

Name Approval

Select the name, we will help you to get the reservation of MCA

Documents Approval

Get the documents approval by the RBI with the help of our agents.

Advantages of NIDHI Company Registration

Low cost and easy to borrow

As a member, who can borrow money at a minimum rate, according to the amount of the bank produce the money. This is the major benefits at the correct time, as the different person in the mutual benefit society require more funds at different point of time.

Encourages to saves

Advised to all the members in Nidhi Company to saves the money and lead the low economical lifestyle. After that the mutual benefit society, the members are lend money and accept the economical aid amongst them.

Minimum Complications

Borrowing and lending to familiar persons, where the method is fixed, it is low complication than communicate with banks or in an un casual settings. Nidhi company allow its members, potential of their money is unlock and earn from the small interest rates, when they need money themselves.

FAQS on Nidhi company

In the particular districts, you can start the three branches of your company. If you want to open more than 3 branches or want to open the branch outside of the district, should inform to registrar before 30 days to start the branch.

The Nidhi company should contain 200 members, when its completion of 1 year of incorporation. Sometimes the company didn't acquire the required members, can make the extension to the government authority.

No, The Nidhi company allows the deposits, lend and borrows to the members.

Under the Companies Act 2013, anyone can deposit, lend and borrow the money through the provisions. So, who all are the members of the Nidhi company.

The Nidhi company can accept the deposits, which is below the 20 times of the owned property, as per the statement of last audit.

ONLINE EASE LOCAL REACH

We utilise a mix of technology and human touch to deliver quality business services, at scale across india.

Our Clients 0 Million

Services Area 0 Thousand

Registrations0 Peoples

LATEST NEWS

Streamlining different processes and workflows by using user access control Onebook prompts efficiency and productivity levels of an organization, and reduces operating costs.