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Nidhi Company
Registration in India

A Nidhi Company, is one that belongs to the non-banking Indian finance sector and is recognized under section “406” of the Companies Act, 2013. Their core business is borrowing and lending money between their members. Nidhi Companies are created for cultivating the habit of saving amongst the members.

Lawfox provide complete solution for Nidhi registration and operational compliances. 

Now register your Nidhi Limited Company easily from Rs. 14,555/-

Nidhi Limited Company

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A Nidhi Company, is one that belongs to the non-banking Indian finance sector and is recognized under section “406” of the Companies Act, 2013. Their core business is borrowing and lending money between their members. Nidhi Companies are created for cultivating the habit of saving amongst the members.

Nidhi Companies can accept/lend funds only from/to its members. They are regulated by Ministry of Corporate Affairs, Section “406” of Companies Act 2013 and Companies (Nidhi Companies) Rules, 2014 govern Nidhi companies. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities, However as Nidhi Companies only accept/lend funds only from/to its members, RBI has exempted Nidhi Companies from the core provisions or regulations applicable on NBFC.

 

Lawfox provides you complete professional services related to incorporation of Nidhi limited companies throughout India, our experts are committed to help you in company incorporation process and consultancy regarding Incorporation and operations of Nidhi companies.

|Requirements for incorporation of NIDHI|

  • Minimum 7 members

  • Minimum 3 directors

  • Minimum paid-up equity share capital of Rs. 1,000,000/ 

  • The name must contain "Nidhi Limited"

  • The objective of Nidhi would be to imbibe in the members a habit of thrift and saving and the services would only be restricted to its members

|Post Incorporation Requirements|

  • Minimum 200 members

  • Minimum Net owned fund of Rs. 10 lacs.

  • Ratio of Net Owned Funds to deposits of not more than 1:20.

  • Must have unencumbered term deposits of not less than 10% of the outstanding deposits.

|Documents Required for Registration|

   Identity Proof of           Directors &                   Subscribers

 

  • Copy of PAN Card

  • Passport size Photo

  • Notarized copy of Passport will be required for Foreign Nationals
     

   Address Proof of           Directors &                   Subscribers

 

  • Copy of Aadhar or Voter ID or DL or Passport

  • Copy of Bank Statement (Not older than 2 months) 
     

   Registered Office           Address Proof

 

  • Copy of Rent Deed or Property Documents

  • NOC from Landlord

  • Copy of Electricity Bill (Not older than 2 months)
     

    Signed Documents

  • DSC Application Form

  • Other Incorporation Documents ( Draft will be provided by our experts)

How we do it ?

Talk With Experts

Our experts will call you and provide all require details about Nidhi Limited Companies and solve all your confusions regarding incorporation and post incorporation requirements of a Nidhi.

Submission of Information

You need to provide required information through a simple application form and submit documents required for registration of Nidhi.

Name approval and Documents drafting

Details submitted by you will be verified by us and than We will apply for Name reservation on MCA.

Obtaining DSC and Documents Drafting

We will apply for Digital Signatures and draft necessary documents for registration of Nidhi. 

Application Submission

We will submit signed documents and application for incorporation to authority on your behalf.

It's Done

Once your company get registered, we will send you all documents, forms and DSCs

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14,555 ONWARDS

Professional consultancy and Nidhi Limited Company registration with 3 DIN, 7 DSC, 10 Lakh authorized capital, 1 Name approval, Drafting & submission of forms, ROC fee and stamp duty*, PAN, TAN and soft copies of MOA

GST PLUS

17,999 ONWARDS

Professional Consultancy, and Nidhi Limited Company registration with 3 DIN, 7 DSC, 10 Lakh Authorised Capital, 1 Name approval, Drafting & submission of forms, ROC fee and stamp duty*, PAN, TAN, 50 copies of MOA, MSME and GST registration.

NIDHI PRO

24,999 ONWARDS

Professional Consultancy, and Nidhi Limited Company registration with 3 DIN, 7 DSC, 10 Lakh Authorised Capital, 1 Name approval, Drafting & submission of forms, ROC fee and stamp duty*, PAN, TAN, 50 copies of MOA, GST registration, MSME Registration Trademark application filing and first auditor appointment form filing.

Basic

Business Meeting

Frequently asked questions

What are the requirements to start a Nidhi Limited Company?


To register a Nidhi Limited Company in India, a minimum 3 persons required to act as directors and 7 persons to act as shareholders, only natural person can act as director and at-least one director must be a resident of India, apart from directors and shareholders you will required a place of business for registered office of company and initial capital contribution of rupee 10 lakh.




How to register a Nidhi Limited Company in India?


Registration of a Nidhi Company in India is a simple process, all you required are PAN and Address proofs of promoters and directors and a proof of registered office address in India. Lawfox provides all services related to Nidhi Company registration.




Do we need a license from RBI for Nidhi business?


No, Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities, However as Nidhi Companies only accept/lend funds only from/to its members, RBI has exempted Nidhi Companies from the core provisions or regulations applicable on NBFC.




Who can be a director in Company?


Only natural person can act as a director in company, any person above age of 18 years can act as a director in a company, there are no restrictions for NRIs and foreign national hence they can easily become directors in company.




How much minimum capital required for registration of Nidhi Limited Company?


As per rule '5' of Nidhi Rules, 2014, you must have a minimum net owned fund of rupee 10 lakh, hence we need to incorporate a Nidhi Company with the investment of rupee 10 lakh.




What is authorised capital and paid up capital?


Authorized capital is the maximum value of equity shares that can be issued by a company and paid up capital is the amount of shares issued and by the company to shareholders.




Is liability of member limited or unlimited?


Liability of the shareholders in respect of the company’s liabilities is limited to the value of shares taken up by them.




Do we need a office addres for registration of Private Limited Company?


Yes, you must have a registered office in India, you can even start a private limited company at your residential address.




How long does it take to register a Nidhi?


It takes 10 to 15 working days subject to time taken in submission of required documents by clients and government processing time.




Do Lawfox provide after Incorporation services regarding Nidhi compliances?


Yes, Lawfox provides a complete solution for Nidhi Compliances on affordable prices.





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