Nidhi Company Registration 2018-08-15T22:27:33+00:00

Nidhi  Company Registration

Start your Micro-Finance Company in hassle free manner.

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Start Your Own Mini Bank | For Members|

WHAT IS Nidhi Company?

A NIDHI company is one that belongs to non-banking  Indian finance sector and is recognized under section 406 of the companies act 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent fund, Mutual funds and Mutual benefit company. They are regulated by Ministry of Corporate Affairs.

NIDHI company registration requires minimum 3 members. All the NIDHI company’s incorporated shall have the last word as “Nidhi Limited” as a part of its name.  Nidhi company is easy and economical to register.

Some requirements of Nidhi company:

    Before incorporation:

  1. At least 7 shareholders
  2. At least 3 directors
  3. Minimum capital of 10 lacs
  4. DIN for all directors

    After incorporation:

  1. Atleast  200 shareholders
  2. Net owned fund shall not be less than 10 lacs
  3. Unencumbered deposits of not less than 10% of the outstanding deposits
  4. Net owned funds to deposits ratio should be more than 1:2

Advantages


  • Limited liability
  • A member can borrow money at cheaper rates than bank.
  • Encourages its members to save money.
  • No external interference in the management
  • Requires minimum documentation and formalities
  • Investments are secured here

Disadvantages


  • Only members deposit money.
  • Availability of credit is restricted.
  • Falls under RBI vigilance.
  • Central government do not totally exempt it from regulatory framework.

FAQs

It will take around a month to be registered.

yes, as the central government has framed the laws and rules to ensure the security and safety of deposits.

Only shareholders of Nidhi company who have membership id, can invest in Nidhi company.

Any person can deposit, lend or borrow money through provisions provided by companies act 2013.

a member can deposit not exceeding 20 times its net owned assets as mentioined in the last  audited statements.

DOCUMENTS REQUIRED


  • Self-attested copy of PAN card
  • Self-attested copy of driving license/voter id/passport
  • Aadhar card
  • Self-attested copy of bank statement/telephone bill/electricitybill
  • Passport sized photo graph
  • Specimen signature certificate

Why Choose Us?

4 reasons why customers love us…


  • Unbeatable Price
  • Complete Service
  • 5 ways to raise complains
  • Dedicated Expert

Nidhi Company Registration

75,001

Nidhi Company Registration

155,001Get Nidhi Software free

Nidhi Company Registration

165,001Get (Nidhi Software+Documentation drafting) free

Here are some amazing facts about our company

5000

Business Registered

2500

Business Managed

6000

 Startup Assisted

5

 Years of Experience

500

Trademark Registered