Solution Point of Your Business Contacts

Nidhi Company Registration Online

Nidhi Company Registration Online

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 Online .

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.

Get Your Quote


. 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.

Ans:

Nidhi Company is a type of NBFC Company which is registered for accepting and lending money to its members. Nidhi Company Registration does not require RBI Approval for its registration and operation.

Ans:

Nidhi Company Registration is quite easy. We at LegalPillers providing Nidhi Company Registration and its support services at very reasonable cost. For getting the assistance over Nidhi Company Consultancy talk to our professional at 9267941961- 96252 79785.

Ans:

For opening of Nidhi Company you need at least 7 persons out of atleast 3 will be directors in the company. For knowing the criteria over Nidhi Company Registration talk to our Chartered Accountants and Company Secretary at 9267941961- 96252 79785.

Ans:

For Nidhi Company Registration in India you just need to follow following steps-

  • Creation of Digital Signature
  • Preparation of Documents and signing
  • Preparation of Spice forms and submission
  • Approval of Nidhi company registration.
Ans:

You just needs to provide basic documents such as PAN Card copy, Adhaar Card copy, Updated Bank Statement copy, electricity bill of registered office, NOC or rent agreement of office, etc.

Ans:

No, it is not necessary to have a commercial space for registered office of company. A registered office can be also open at residential premise.

Ans:

There must atleast 7 person required out of 3 shall be director in the company and rest of consider only as shareholder in company.

Ans:

A Nidhi Company only can take 20 time of deposit of net owned fund. For example- if you have invested 1 cr in company than you can only take 20cr rupees deposits.

Ans:

No, A Nidhi Company can only provide loans against gold, silver jewellery or any other property as security. Unsecured loan is not allowed in Nidhi Company.