NIDHI Company

Starting from INR 55,999

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NIDHI Company

Nidhi Company is a company registered under the Companies Act, 2013, which has a sole objective of cultivating the habit of thrift and savings amongst its members. It is type of bank in which its members can deposit money or taken loan. It is a company which is there as a mutual benefit society

Nidhi is a Hindi word, which means finance or fund. Nidhi company registration requires minimum 3 members. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name. Loan from Nidhi Company has lower interest rates and minimum documentation & formalities are required so it is helpful for poor, lower and middle classes

Features

Perpetual Succession- Nidhi Company goes on and on until it is legally dissolved. As private limited company is having separate legal identity, so it is unaffected by the death or other exit of any member and continues to be in existence irrespective of any changes in ownership.

Nidhi company is type of NBFCs and RBI is empowered to issue directions to them for deposit acceptance activities. However, as Nidhi's deal with their shareholder-members only, RBI has exempted the notified Nidhi's from the core provisions of the RBI Act and other directions applicable to NBFCs.

Management- The Board of Management of a Nidhi company can be easily altered by filing forms with the Registrar of Companies. Board controls the activities of the Nidhi Company.

Since Nidhi company gives a loan to its members, only if members provide some securities such as Gold, jewellery, properties, FD, NSC etc., so in case of non-repayment of loan they can be sold and there are very less chance of NPA or bad debt

Minimum Members and capital: It must not have less than 200 members and net owned fund should be INR 10 lakhs

Net owned funds to deposits ratio should be more than 1:20 and Unencumbered deposits of not less than 10% of the outstanding deposits should be there

  • Silver

  • 55,999
    • 3 DSC of Directors
    • DIN for 3 Directors
    • Name Search and Approval
    • MOA/AOA
    • PAN and TAN
  • Gold

  • 77,999
    • 3 DSC of Directors
    • DIN for 3 Directors
    • Name Search and Approval
    • MOA/AOA
    • PAN and TAN
    • Share Certificate upto 200 shareholders
    • Trademark
  • Platinum

  • 1,07,999
    • 3 DSC of Directors
    • DIN for 3 Directors
    • Name Search and Approval
    • MOA/AOA
    • PAN and TAN
    • Share Certificate upto 200 shareholders
    • Trademark
    • Annual Filing for 1 year
Process One

ComplyPartner Team would understand business

Process Two

Day 1- Application for DIN and DSC, it will take 1-2 days

Process Three

Day 3- Application For Name Approval, it would take 3-5 Days

Process Six

Bank Account can be opened and business can be started

Process Five

Day 16- Company Registration Certificate would be issued

Process Four

Day 8- Application for registration, it would take 7-9 Days

Documents Required for Private Limited Company

These are the documents required for company incorporation for each director/ shareholder

Self-Attested PAN Card copy

Self-attested copy of any one of the Identity Proof like Driving License, Passport, and Voter ID & Aadhaar Card

Self-attested copy of any one of the Address Proof like Bank Pass Book/ Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill

4 Passport Size Photographs.

Company Address proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill, AND Rent Agreement (if rented) AND NOC for doing Business & for taking Registration.