Get Your Nidhi Company Registered Today!
Are you looking to start a Nidhi company in India? Look no further, because we've got you covered! Our team of experts is here to assist you in registering your Nidhi company quickly and smoothly.
Nidhi Company Registration- An Overview
Nidhi companies are mutual benefit societies that offer loans and deposits to their members. They’re known for their low interest rates and flexible repayment options, making them a popular choice for those looking to save and borrow money.
Pre-Incorporation Requirements for Nidhi Company Registration:
- A minimum of 7 members is needed to start a Nidhi Company, out of which 3 members must be the Directors of the Company.
- The company must have the suffix “Nidhi Limited” in its name and the company must be a Public Company.
- Minor, Body Corporate, and a Trust cannot be admitted as members of Nidhi.
- The minimum paid-up share capital must be Rs. 10 lacs.
Post –Incorporation Requirements for Nidhi Company:
- The number of members should increase to at least 200 within one year of its incorporation.
- The Net owned funds must be Rs. 20 lakhs (Modified via Nidhi (Amendment) Rules, 2022
- The net owned funds and the deposits shall be in a ratio not exceeding 1: 20 that is Net Owned Funds: Deposits = 1:20.
- Unencumbered term deposits should be not less than 10 % of the outstanding deposits as specified in Rule 14 of Nidhi Rules 2014.
- The Company must file all the NDH forms with RoC.
At LegalxIndia, we understand that starting a Nidhi company can be a complex process, which is why we’re here to make it simple for you. Our services include:
- Complete assistance in preparing and filing incorporation documents
- Liaising with government authorities
- Obtaining PAN and TAN for your company
- Assisting with opening a bank account for your company
- Providing consultation and guidance throughout the process
Get Started by just paying Rs. 999/-
Contact now to get your Nidhi Company Incorporated.
What will you get?
Name Reservation
Incorporation Certificate
MoA & AoA
PAN & TAN
EPF & ESIC
Bank A/c
7 Digital Signature
3 DIN
MSME Certificate
Free Startup Kit Only For You!
Printed Share Certificate
One Director Stamp
One Company Seal
10 Copy Letter Head
Various Document Formats
Compliance Calendar
Documents for Nidhi Company Registration
PAN Card Of Members
Identity Proof of Members
Address Proof of Members
Photo of Members
Business Address Proof
Contacts Details of Members
Select Packages
Benefits of Nidhi Company Registration
Low-Interest Rates
Nidhi companies offer loans to their members at lower interest rates compared to traditional banks, making it easier for members to save and borrow money.
Flexible Repayment Options:
Nidhi companies offer flexible repayment options, allowing members to choose a payment plan that suits their financial needs.
Access to Low-Cost Funds
Nidhi companies provide access to low-cost funds, making it easier for members to secure the financing they need to meet their financial goals.
Safe and Secure Depository
Nidhi companies are required to maintain high standards of safety and security for their members' funds, providing peace of mind for those who choose to deposit their money with them.
Strong Community Ties
By promoting savings and borrowing among members, Nidhi companies foster strong community ties and encourage financial literacy and stability.
Tax Benefits
Nidhi companies are eligible for tax benefits under the Income Tax Act, making them an attractive option for those looking to maximize their savings and minimize their tax liabilities.
How we work?
Step 1: Apply for Name Approval
Step 2: Digital Signature for Members
Step 3: Incorporation Application Submission
Step 1: Apply for Name Approval
After consultation with our expert you send us all the documents and after drafting the object we apply for name reservation with 2 names. MCA approves all name approval applications in less than 5 working days.
Step 2: Digital Signature for Members
Now we will apply for digital signatures of all members, you have submit valid ID proof and address proof along with video KYC. It generally takes 1-2 days.
Step 3: Incorporation Application Submission
Once the digital signatures are obtained, the incorporation application can be filed in SPICe Form to the MCA with all relevant attachments. The MCA normally accepts all incorporation applications in less than 5 working days.
Are you still confused?
Our team of experts can help you out finding the best solution for you. Contact us today!
Frequently Asked Questions
A Nidhi company is a type of mutual benefit society that operates primarily for the benefit of its members. They offer loans and accept deposits from members and are known for their low-interest rates and flexible repayment options.
To start a Nidhi company in India, the minimum number of members required is 7, and the minimum paid-up capital required is Rs. 10 lakhs.
Some of the benefits of registering a Nidhi company in India include access to low-cost funds, low-interest rates, flexible repayment options, strong community ties, and tax benefits.
The process for registering a Nidhi company in India involves preparing and filing incorporation documents, obtaining PAN and TAN, obtaining approval from the Registrar of Companies, and opening a bank account.
The time it takes to register a Nidhi company in India depends on several factors, including the complexity of the business and the efficiency of the government authorities. On average, the process can take anywhere from 1-2 weeks.
The documents required for Nidhi company registration is photo, proof of identity and address for the directors, address proof of registered office, contact details etc.
The cost of registering a Nidhi company in India depends on several factors, including number of members and stamp duty value. On average, the cost can range from Rs. 15,000 to Rs. 30,000.
No, a Nidhi company cannot issue shares to the public. They can only issue shares to their members.
No, a Nidhi company can only accept deposits from its members.
Why us?
Fastest Service
Affordable Rate
One Stop Solution
Testimonials
They have registered my company within 7 days. LegalX India is best in industry, now they are taking care of my all compliances seamlessly.
Best online company registration services, very professional behavior by LegalX India.
We have registered our company sitting at home, very seamless process and their behavior was very good. Very thankful to LegalX India for that.
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