Solution Point of Your Business Contacts

Nidhi Company Registration

Nidhi Company Registration

If you want to start your finance or loan business in India without being regulated by RBI, then you must go for Nidhi Company Registration. Nidhi Ltd Company is most affordable business registration for these kinds of business activities. For Nidhi Company Registration you must have atleast 7 person with minimum 3 directors. The minimum capital requirement for Nidhi Company registration is Rs.5 lakh. Nidhi Ltd Company can accepting deposits and lending to its members only for their mutual benefits. A Nidhi Ltd Company can open three branches within after the completion of three of business. It is to be noted that a Nidhi Ltd Company cannot work outside the state.

. WHY Nidhi Company Registration .

Promote Savings

Nidhi Limited Company promotes borrowing habits amongst its members which leads to mutual benefits for its members.

Secured investments

Members invested within the company, also uses for the benefits of the members of Nidhi Limited Company not for external persons.

Credibility In market

As Nidhi Company Registration monitored by the MCA, they are considered more credible as compared to other similar institutions regulated by state governments.

Cheaper Borrowing Rate

Member of Nidhi limited Company can borrow money at cheaper rate as compare to banks from its own company.

Legal Entity

It opens lots of doors for taxation benefits in the form of tax deductible cost, allowances and expenses against the company.

Tax Benefits

It opens lots of doors for taxation benefits in the form of tax deductible cost, allowances and expenses against the company.

. DOCUMENTS .

For Directors/shareholders
  • Copy of PAN card(self attested)
  • Copy of Adhaar card or Voter id or Passport or Driving License
  • Copy of Bank Statement or Mobile or Landline Bill
  • Passport size photo of Directors
For registered office
  • Copy of Electricity Bill (not older than 2 months) or
  • Water or Gas Bill
  • NOC for use of premises or
  • Sale Deed or Rental Agreement
  • Minimum 7 persons required
  • Any 3 persons shall be Director
  • Atleast one person shall be Indian resident
  • Directors and shareholder may be same person.
  • Net owned fund of Rs. 10,00,000 (within 1 year )
  • Compulsorily filing of Annual Accounts, Audit and Tax returns
  • Nidhi Limited Company can earn max 20% interest on loan on reducing balance method
  • Nidhi Limited Company can accept FD, RD & savings and can earn 12% rate of interest
  • Nidhi Limited Company can lend only against gold, property, FD, Govt securities
  • Nidhi Limited Company cannot do micro finance business & vehicle finance business
  • Minimum of 200 members (within 1 year )
  • Incorporation certificate
  • Name approval letter
  • Digital Signatures Certificates of 7 Directors
  • Director Identification No. of 3 Directors
  • Company name approval certificate
  • PAN & TAN Registration
  • Soft copy of MOA and AOA
  • Assistance in opening current account in Bank
. Work Process .

It became easy, just follow these steps to get your work done

Register Yourself
Put information about you and services
Select service & make payment
Make payment and get your
order id for tracking purpose
Submit documents
Submit all necessary document and info
Get your work done
Congratulations!
Service has been delivered.

. Pricing Plan .

Basic
Rs 20999 18999
Partial Payment Available 40%
  • COI
  • 3 DIN, 7 DSC
  • MOA
  • AOA
  • PAN & TAN Registration
  • Gov. Fees & Stamp Duty
  • Post incorporation Support
  • Personal Expert Support
  •  
  •  
  •  
Standard
Rs 22999 19999
Partial Payment Available 50%
  • COI
  • 3 DIN, 7 DSC
  • MOA
  • AOA
  • PAN & TAN Registration
  • Gov. Fees & Stamp Duty
  • Post incorporation Support
  • Personal Expert Support
  • GST Registration
  •  
  •  
Advanced
Rs 30999 25999
Partial Payment Available 60%
  • COI
  • 3 DIN, 7 DSC
  • MOA
  • AOA
  • PAN & TAN Registration
  • Gov. Fees & Stamp Duty
  • Post incorporation Support
  • Personal Expert Support
  • GST Registration
  • TM Search
  • TM Registration

. Frequently Asked Questions .

Ans:

It will take 15 to 20 days to register excluding the delays on the part of government authorities

Ans:

There is no requirement of RBI approval and it is govern by Nidhi Rules.

Ans:

Nidhi Limited Company is not governed by the RBI but by the central government and hence the central government has introduced the Nidhi Limited Company rules 2014 in order to better govern the company in a more transparent manner.

Ans:

No, it is not mandatory to have Nidhi Limited Company software, however, if you want to run the business properly, then you shall require the Nidhi Limited Company software.

Ans:

Mutual benefit is the previous name of the Nidhi Company. After 2013, it was made mandatory to use the name of Nidhi Limited Company instead of Mutual benefit for registration of Nidhi Limited Company in India.

Ans:

A Nidhi Limited Company is allowed to take the maximum of 20 times the net owned fund. Net owned fund means the total fund invested by the owner less any accumulated loss. For example, if you have invested Rs.1 Lack, then you are entitled to raise funds up to Rs.20 Lack.