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Nidhi Company Registration

Exclusively for Entrepreneurs

Just in   14,999/-  Rs. 30,000/-

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Shop Act Free

MSME Certificate @ Rs. 999/-

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One Year Free Consultancy


Nidhi Company Registration

Exclusively for Entrepreneurs

Just in   14,999/-  Rs. 30,000/-

Enquire Now

Fill your details to get in touch

offer

GST Registration Free

Shop Act Free

MSME Certificate @ Rs. 999/-

Import Export License @ Rs. 1999/-

Trademark Application @ Rs. 1499/-

One Year Free Consultancy

About Nidhi Company Registration

Nidhi Companies comes in the ambit of NBFC. Nidhi Company is also called a Mutual Benefit company. It promotes the art of saving and utilization of funds within its member community. Anybody can register a Nidhi Company; there is no background check, nor there did any prescribe qualification for its owners. Nidhi Company cannot deal with anybody other than its members. You will have to understand the process of making a making in a Nidhi. The minimum capital requirement for Nidhi Company is five lacs with at least seven members needed to incorporate a company.

With all the Limitations aside, Nidhi Company is highly rising in India because it is suitable for all the personalities, required capital is low so affordable to low and middle earning people also. Getting Started is way so easy 7 members including 3 directors with minimum of 5 lakh rupees anybody can register a Nidhi Company their is no Background Check, No minimum Qualification or Experience required for owners/members. Registration process is easy members can apply online with scanned copy of necessary documents and registration fee is also affordable.

Incorporation of Nidhi Company limited is similar to incorporation of Public Limited Company. But, it requires certain other declarations as well. A Nidhi Company belongs to the category of non-banking finance firms. Recognized under Section 406 of the Companies Act, 2013, which has a sole objective of cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to take deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only from its members (shareholders) and used only by the shareholders of the Nidhi Company.

A Certificate of Incorporation (CoI), along with PAN and TAN can be received post approval of the company registration process. You can officially open a current bank account with the Certificate of Incorporation and begin your business operations.

Amplus is, a leading legal consultant, offers quick Company Registration service in India. Amplus can help you register all types of Companies and Startups. The average time taken to complete company formation is about 6 - 8 working days, subject to government processing time and client document submission. Get a free consultation for Nidhi Company registration and business startups before and after the registration of Company. Amplus will take care of all legal compliance of your business under one roof by Amplus expert CA/CS/CMA/Advocates.

By filling up the above inquiry form you can speak to our expert advisor on the company registration process.

Requirements for Nidhi Company

1. A Nidhi company has to be a public company.

2. It must have a minimum paid up equity share capital of Rs.5,00,000/-.

3. No issuances of preference shares.

4. The objective of such a firm would be to imbibe in the members a habit of thrift and saving and the services would only be restricted to its members.

5. The name must have Nidhi Limited.

Requirements after Incorporation

1. Every Nidhi shall, within a period of one year from the commencement of these rules, ensure that it has a minimum membership of 200 people.

2. It must also ensure that net owned funds are Rs. 10,00,000/- or more

Nidhi Company can not Carry on the following business

1. Chit Fund

2. Hire Purchase Finance

3. Leasing Finance

Registering a Nidhi company in India has many benefits. With the registering Nidhi Company, enhance goodwill into market as a legal corporate entity. It will create a brand, trust, credibility and genuineness.

The Nidhi Company Registration process is completely online, so you don't even have to leave your home to get your entity registered. At Amplus, we complete the Company Registration online within 6-8 working days.

Required Documents
Documents Required of each director and shareholder for Nidhi Company Registration in India:
    Pan Card
    Aadhar Card Copy/ Passport Copy / Voters Card /Driving License
    Latest Bank Statement/Utility Bill
    Any Utility Bill for registered office address
    NOC from Owner/Landlord for office address
    2 Photos
Package Inclusive of
    Company Name Reservation
    Digital Signatures
    Directors Identification Numbers
    MOA & AOA of the Company
    PAN & TAN of the Company
    Certificate of Registration
    Share Certificates
    Statutory Registers under Companies act 2013

Why Nidhi Company in India?

These companies are formed, managed and composed by the company members itself; there is no scope for any unknown involvement.

Due to their non-dealing with the funds of someone except their members, the rules obligatory upon the Nidhi’s by RBI is limited. These companies follow the Nidhi Rules, 2014 issued by the middle in respect of the activities and workings of Nidhi companies.

The Ministry of Corporate Affairs has done away with the minimum capital requirement of INR 5 Lakhs for Nidhis. It is only after Nidhi Rules, 2014, that mandated the infusion of INR 10 lakhs for such companies.

As it is an in-house process which means it will be formed among the members itself it can be very easy to form.

The loans given to the members are at a lower rate of interest than the market rate. This brings greater savings to the members.

Increases the potential to grow big and expand.

Process

Fill Out Forms Prrovided in Enquiry

We explain entire procedure on call

We submit your documents with MCA

You will get certificate of Incoraporation

FAQs

A Nidhi Company is different from a regular finance investment company or a Non Banking Finance company (NBFC), as it deals only with its shareholders or members, for the main purpose of mutual benefits of its members. A Nidhi Company accept deposits only its members, and lends funds only to them on demand . Again, a Nidhi Company is not entitled to carry out business/activities related with hire purchase financing, leasing finance, chit funds, acquisition of securities issued by any corporate body, etc. or issue any debt instruments (such as preference share, debentures, etc.) in any form.

No, Nidhi Company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.

The rules, provisions, and regulations given in the Section 406 of the Companies Act 2013, and in the companies (Nidhi Companies) Rule of 2014, govern and regulate all Nidhi Companies in entire INDIA. Again the activities of Nidhi Companies fall under the ambit of RBI Directives which govern activities of NBFCs and other institutions dealing with financing and investment. RBI offers certain exemptions to the Nidhi Companies based on the fact that these Nidhi Companies deal only with its members, and with no outside people or investors.

A Nidhi company is registered as a Public Limited Company. Hence, the requirements for incorporation of a Nidhi company covered a minimum of three Directors and Seven Shareholders. However, the MOA of a Nidhi company must give proper space to the vital fact that, the main and ultimate objectives of the proposed company are to nurture and promote a habit of thriftiness and savings among its members, and accept deposits from or lend loans only to its members, for the mutual benefits of them.

Once a Nidhi Company is incorporated within a period of one year from the date of commencement of its activities, it must satisfy the following conditions:-

1. It must have at least Two Hundred shareholders/Members.

2. It should have a minimum Net Owned Funds (NOF) of Rs. Ten Lakhs or more.

3. The unencumbered term deposit must be at least 10% of the outstanding deposit as specified in rule-14”.

4. The ratio of NOF to the Deposits, should not be greater than 1:20.

The following are three main and exclusive advantages offered by a NIdhi Company in India. This is a single office institution governed exclusively by its members, with no external involvement.This is immensely helpful to people with the middle to lower financial status, by virtue of providing loans at reasonable rates, with the minimum documentation and formalities.Secured investments are guaranteed by such mutual benefit company, by its rigid membership structure.

Yes, because Government of India/Ministry of Corporate Affairs/RBI has framed the laws/rules to ensure the security and safety of deposits and Nidhi company strictly abides by the rule and regulations framed by the Central Government.

The Company uses the funds in lending to the Shareholder/members only as per Nidhi company rule. Our lending is in the shape of small loans for business and microfinance.

Only shareholders/Members of the Nidhi Company who has a membership ID, can invest in the scheme. For membership, must be 18-years and above as per submission of standard age proof and must be a citizen of India.

For become a Shareholder/Member you must be a 18-years and above as per standard age proof and submit address/ID proof along with share subscription amount at nearest branch.

Why Amplus ?

Managed by CA/CS/CMA/ADV.

Prompt Services

All Services under One roof

Provide relief of all compliance

Expert Services at Lowest price

24*7 Online assistance

Protect your business in legal way

Contact our Support and Sales Team

8645 808 808

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