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Nidhi Company Registration

Starts Nidhi Company Registration from ₹ 34,999 /-

Nidhi Company Registration

Nidhi company is a class of Non-Banking Financial Company (NBFCs)which does not require any license from the RBI. Reserve Bank of India (RBI) is empowered to issue directions to them in matters relating to their deposit and acceptance activities.

Nidhi companies are allowed to take the deposit of the amount from its members and lend to their members only. Nidhi company registration requires a minimum of 3 members. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name.

Advantages to Nidhi Company Registration

Helpful for Lower and Middle Classes
Minimum Documentation and Formalities
Secured Investments
Low Rates of Interest
No External involvement in Management
Overview Required documents How we process

Nidhi company is a class of Non-Banking Financial Company (NBFCs)which does not require any license from the RBI. Reserve Bank of India (RBI) is empowered to issue directions to them in matters relating to their deposit and acceptance activities.

Nidhi companies are allowed to take the deposit of the amount from its members and lend to their members only. Nidhi company registration requires a minimum of 3 members. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name.

Required Documents for Nidhi Company Registration
Following are the documents required for company incorporation for each director/ shareholder

  • Self attested PAN card copy.
  • Four Photographs.
  • Self attested copy of any one of the Identity Proof like Driving License, Passport, Voter ID & Adhaar Card
  • Self attested copy of any one of the Address Proof like Bank Pass Book/ Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill
  • Company Address proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill, AND Rent Agreement (if rented) AND NOC for doing Business & for taking Registration.

Step 1: Receiving Documents & Apply, DIN & DSC 1-2 Days.

Step 2:Drafting MOA and AOA electronically in Spice MOA (INC-33) and Spice AOA (INC-34) 5-8 Days

Step 3: Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34)
9 to 14 Days

Step 4: Certificate Of Incorporation, PAN & TAN 15 to 20 Days

FAQ

Any person can deposit, lend or borrow money through the provisions provided by the Companies Act, 2013. Hence, they can all become members of a Nidhi Company. provided they are not a corporation or a company.

A minimum of three branches can be opened in a particular district. In case you want to expand outside the district or want to open more than three branches, the Registrar of Companies need to intimated 30 days prior to their opening.

No, A minor shall not be admitted as a member of Nidhi but deposits may be accepted in the name of a minor, if they are made by the natural or legal guardian who is a member of Nidhi.

No, Trust or Body Corporate can not be admitted as a member of Nidhi Company.

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