ComplyKart Services
A finance business that cultivate the habit of thrift and saving among its members. Register the common used finance business with the help of experts in Nidhi Company Registration:
Package Inclusions:
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Free Incorporation Advisory by expert Chartered Accountant
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DSC of Seven Directors
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DIN of three Directors
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Name Reservation of Nidhi Company
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Central Govt. License
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MoA & AoA
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Company PAN & TAN
CA/CS-guided review
Your documents and structure are checked before anything is filed.
Written scope first
Inclusions and payable charges are explained before work begins.
Support till it’s done
One team owns your filing, from the first call to the final handover.
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Experience behind every filing
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Fees
Fees and packages for nidhi company
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Nidhi Company
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Nidhi Company Registration Package Inclusions
- Public limited company incorporation as Nidhi base
- NDH-4 declaration filing with the ROC
- 200-member enrolment documentation guidance
- Deposit and lending rulebook briefing
- Compliance calendar: NDH-1/2/3 and annual filings
Overview
Overview
Nidhi (Hindi: fund) Company is a type of loan Company, recognized under Section 406 of the Companies Act, 2013, governed by Nidhi Rules, 2014, and exempted from the stringent regulatory compliances of other NBFCs. Only members of the company can make deposits and take loans amongst themselves, so it serves as a mutual benefits society in the form of a company. The objective of a Nidhi company is to promote a habit of thrift among its members and reserve funds for mutual benefit. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.
They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities. They are incorporated as a public limited company and hence, they have to comply with two set of norms, one of Public limited company as per Companies Act, 2013 and another is for Nidhi rules, 2014. Every Nidhi shall, within a period of one year from the commencement must ensure that it has not less than 200 members.
At the time of incorporation, a Nidhi Company is required to have at least 3 directors and 7 shareholders/ members as it is a type of public Company. It also requires an initial paid-up equity capital of only Rs. 5 Lakhs. A Nidhi Company can operate from more than one branch after 3 years and also from different districts after getting RD approval.
Complykart is the Industry leader in Registration of different businesses, Accounting and Compliance management. With a team of expert professionals, ComplyKart offers exceptional services within short time in economical price. Get a free consultation for Nidhi Company registration and business setup in India by scheduling an appointment with our expert professionals.
Main Highlights of Nidhi Company
- Nidhi Company is the lowest expense loan Company as compared to NBFC & other loan Companies
- Nidhi Company is regulated under Companies Act, 2013, o need to follow stringent RBI rules for Nidhi Companies.
- Nidhi Company can earn maximum interest of 20% on loan at reducing balance method.
- Nidhi Company can accept deposit upto 20 times of its net worth.
- Nidhi Company is allowed to lend only against gold, property, FD, Government Securities
- Nidhi Company can open 3 branches within the district of its operation.
- Nidhi Company must add minimum 200 members within 1 year of its incorporation.
- A Nidhi Company cannot carry om a business of chit funds, hire purchase finance, leasing finance etc.
Benefits
Advantages of a Nidhi Company
Open each benefit to see what it means for you.
Easy to Set-up & Operate
Nidhi Company can be set up as a normal Company. Approval is not required to be obtained from any authorities. A Nidhi Company can be setup in 15 days from submission of documents.
Separate Legal Entity and Perpetual Existence
Being a public company, Nidhi Company is a juristic person that can own property and incur debts in own name. Its legal existence continues even in the event of death/incapacity of any of its directors or members, until it is legally dissolved.
Ease of Borrowing and Raising Funds
In a tight-knit group like a Nidhi Company, it is easier to raise funds, borrow and lend, as compared to a bank and more structured as compared to an informal setting.
Ease of Borrowing and Raising Funds
In a tight-knit group like a Nidhi Company, it is easier to raise funds, borrow and lend, as compared to a bank and more structured as compared to an informal setting.
Encourages Savings
Since it is a mutual benefit society, members are encouraged to maintain a thrifty lifestyle in order to maximize savings. This is one of the major motivations of setting up a Nidhi Company.
Limited Liability
Nidhi Companies are registered as public limited companies, they have all the features of the latter, including limited liability, which implies that any member of the company is not personally liable for any damage inflicted by another member or an external circumstance, which leads to losses, financial or otherwise. Only the assets of the business are at risk.
Documents
Documents Required for Registration
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across records.
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PAN is mandatory for Member and Nominee.
Process
Steps for registration the Nidhi Companys
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Step 1 of 4
Furnish the Pre-requisites
The documents, as explained by our experts should be readied before starting the registration process. This includes a registered office address with documentary proof.
Obtain a Digital Signature Certificate (DSC)
All document submissions are done electronically and hence every company must obtain a Digital Signature Certificate (or DSC), which is used to verify the authenticity of the documents.
Naming the Company
Application for name reservation can be made at the MCA. Subject to availability, naming guidelines and MCA processing time, name approval can be obtained in 2 to 5 working days. The name must end with “Nidhi Limited”.
Company Registration
Apply for license and obtain certificate of incorporation (COI) for Section-8 Company followed and also includes PAN and TAN. This process typically takes 10 working days.
Why ComplyKart
How ComplyKart helps in this Entire Process
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Consulting
Our Nidhi Company Incorporation experts will provide you with the best consultancy on Registration procedure and the req...
Help in preparing Relevant Documents
We help our clients in preparation of application and necessary documents to be presented to Registrar for Registration.
Filing of Document with Registrar
We will file the e-Form INC- 32, MOA & AOA along with necessary documents required for getting the approval which is obt...
Follow-Up
Our experts continuously follow up with the development with the Authorities and ensure speedy registration process.
Consulting: Our Nidhi Company Incorporation experts will provide you with the best consultancy on Registration procedure and the required documents to be provided.
If a founder or investor is outside India
Foreign ownership is possible in many sectors, but it adds document authentication, banking and FEMA work. Set the route before funds move.
Plan before you start
- Check whether your sector permits automatic-route foreign investment
- Confirm the Indian resident director arrangement
- Map ownership, beneficial ownership and pricing
- Allow time for apostilled or consularised documents
Plan for after setup
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
FAQ
Frequently Asked Questions
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The major objective of a NIdhi Company is charity and does not have profit as it major motto.
Naming a Nidhi company doesn’t require the term Nidhi with the company name.
Nothing matches that search. Try a shorter word, or choose “All questions”.
What clients say about working with us
Real stories from businesses we've worked with.
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