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Nidhi Company

Overview

“Nidhi” is a Hindi word, which implies finance or fund. Nidhi Company Registration is completed to cultivate savings among members and to supply finance among members only. it’s allowed to require loans from members and may lend to only members. Hence, it can’t accept deposits or lend from/to non-members.

 

 Though there are not any separate registrations to be done under RBI for a Nidhi company, RBI is empowered to issue any directives to them. Nidhi Companies are intrinsically exempted from main provisions otherwise applicable to an NBFC in India. It needs a least of 7 members and 3 directors, to begin with. As a part of the suffix, all such companies must include “Nidhi Limited” following its name. Nidhi Company is extremely easy to make and there are minimum compliances afterward

Our Process

Estimated time to complete the process – 11 to 13 working days

Step 1

Initial Discussion & collection of Basic information

Step 2

Apply to Name Availability of the proposed Company

Step 3

Apply for Digital Signature Certificate (DSC)

Step 4

Drafting MOA ,AOA & other Documents

Step 5

File Form Spice E-32

Step 6

Self Declaration from First Directors and Subscribers in form INC-9

Step 7

Filling Registration Document & Get Certificate of Incorporation

Step 8

Application for PAN & TAN

Step 9

Dispatch of deliverables.

Choose Your Package

All Inclusive Pricing – No Hidden Fee

  • Basic
    • 35000
      • 8 DSC (Digital Signature)
      • 3 DIN for Director's
      • Name Approval for Company
      • MOA & AOA Drafting
      • PAN & TAN Card of Company
      • Certificate of Incorporation
      • Bank Account Opening Support
      • Registration Charges
      • Incorporation Fees
      • GST Registration
      • Commencement of Business
      • Stamp duty on INR 10 Lakh Authorized*
    • Purchase Now
  • Premium
    • 42000
      • 8 DSC (Digital Signature)
      • 3 DIN for Director's
      • Name Approval for Company
      • MOA & AOA Drafting
      • PAN & TAN Card of Company
      • Certificate of Incorporation
      • Bank Account Opening Support
      • Registration Charges
      • Incorporation Fees
      • GST Registration
      • E Way Bill Portal Registration
      • Accounting Software
      • MSME Registration
      • Auditor Appointment Assistance
      • Commencement of Business
      • Stamp duty on INR 10 Lakh Authorized*
      • PF & ESIC Registration
      • Professional Tax Registration
    • Purchase Now
  • Ultimate
    • 55000
      • 8 DSC (Digital Signature)
      • 3 DIN for Director's
      • Name Approval for Company
      • MOA & AOA Drafting
      • PAN & TAN Card of Company
      • Certificate of Incorporation
      • Bank Account Opening Support
      • Registration Charges
      • Incorporation Fees
      • GST Registration
      • E Way Bill Portal Registration
      • Accounting Software
      • MSME Registration
      • Auditor Appointment Assistance
      • Commencement of Business
      • Stamp duty on INR 10 Lakh Authorized*
      • PF & ESIC Registration
      • Professional Tax Registration
      • 1 Year GST Return Filing
      • Income Tax Return Filing
    • Purchase Now

Note*

  1. Stamp duty upto 1 Lakh Authrorized Capital Covered above, if Capital Increase the duty raise on actual Basis
  2. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable
  3. Cost of 2 Director’s covered above,If No. of Director’s more than 2 then Cost of DSC and Din Application Increase By 1500 Rs Per Director

Benefits

Separate Legal Entity

A Nidhi Company relishes the advantage of Separate Legal recognition within the eyes of law which clearly states that assets and liabilities of the business aren't the assets and liabilities of the administrators.

Cultivates Savings

A Nidhi Co. encourages its members to save lots of money and encourages a thrifty lifestyle. it's a company wherein members can lend or borrow money and accept financial loans amongst themselves.

Mutual Benefits

A Nidhi Company works on concepts of mutual benefits. no one member or a bunch of members get benefited. Nidhi Company allows right to each member to access credit facilities when in need.

Builds Credibility

All the knowledge regarding the company is made available in a public database. This feature makes it simple to authenticate the existence of the business that ultimately provides in improving business credibility.

Documents Required

To Be Submitted By All Directors

Self-attested copy of PAN Card

Self-attested copy of Driver’s License/ Voter ID/ Aadhaar Card/Passport

Self-attested copy of Bank Statement/ Telephone Bill/Mobile Bill/ Electricity Bill

Passport-size Photograph

Specimen Signature Certificate

Clear All Your Doubts !

Yes, you can incorporate your Nidhi company with 7 members at least. However, within 1 year, you must have at least 200 members.

Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewelry or any type of financial securities against the loan.

Let’s start your business journey with Book My Consultant.