Nidhi Company Registration

Ideal for Lending and Borrowing amongst members
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Takes 30-45 working days

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Nidhi Company Registration

Nidhi Companies in India are created for cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to borrow from its members and lend to its members. Therefore, the funds contributed to a Nidhi company are only from its members (shareholders). Hence, Nidhi companies are mainly used to cultivate a habit of savings amongst a group of people.

Nidhi Company

  Better option for Savings                       
  Less Regulation             
  Limited Liability             

Documents Required

  • Passport Sized photographs of all
    the directors.
  • ID proof of all the designated
    directors and shareholders.
    (PAN card and Passport
    are valid).
  • Address proof of all the
    directors and members (Ration Card, Aadhaar Card,
    Passport, Voter ID, and Utility Bill –
    electricity/water/mobile).
  • Address Proof of the Company.
    Make sure that the address proof
    is not older than 2 months.
  • Copy of the Property papers
    (if the property is owned).
  • NOC (No-Objection-Certificate)
    from the owner (if the property is rented)

    • Pricing

    Bronze

    Rs.30000

    • 3 Class 2 Digital Signature
    • 3 Director Identification Number
    • RUN Name Approval
    • Incorporation certificate
    • PAN and TAN Application
    • Udyog Aadhar Registration

    Silver

    Rs.32000

    • 3 Class 2 Digital Signature
    • 3 Director Identification Number
    • RUN Name Approval
    • Incorporation certificate
    • PAN and TAN Application
    • Udyog Aadhar Registration
    • GST Registration

    Gold

    Rs.60000

    • 3 Class 2 Digital Signature
    • 3 Director Identification Number
    • RUN Name Approval
    • Incorporation certificate
    • PAN and TAN Application
    • Udyog Aadhar Registration
    • GST Registration
    • Professional Tax Registration
    • Accounts Finalisation and Income Tax Return
    • ITR Filing and GST Return filing
    • All CS Compliances

    Procedure

    Fill Simple Online Form
    You are required to place the Enquiry and fill your details in our simple questinnaire
    Verification of documents
    You can submit the documents by email or whatsapp and we will verify the same
    DSC Application
    Obtain DSC and DIN (Director Identification Number) for OPC
    Verification and Name Approval
    We will verify the documents and then we shall apply for LLP Name approval
    Submission to ROC
    We will submit the documents to ROC and get your Nidhi company registered
    Application for PAN And TAN
    We will make application of PAN And TAN with NSDL

    FAQ's

    The Nidhi company must be registered as a Public Limited Company, under the Companies Act, 2013. This essentially means that there are at least 3 Directors and 7 Shareholders. Further, its MoA (Memorandum of Association) must state that the main objective of the proposed company is to promote thriftiness and a habit of savings among its members.

    The maximum balance in a savings account of one member of a Nidhi company should not be more than Rs. 1 lakh. The maximum rate of interest that can be paid on any deposits should not be more than 2% above the rate of interest payable by nationalized banks, on such deposits.

    A Nidhi can be incorporated with a minimum of 3 directors and a maximum of 15 Directors.

    Once Nidhi Company has been registered, it must meet the following requirements within 1-year:

    • 1. Register at least 200 members.
    • 2. Maintain minimum net owned funds (NOF) of Rs. 10 Lakh.
    • 3. Maintain NOF to deposit ratio of 1:20.
    • 4. Of all the outstanding deposits, at least 10% must be unencumbered term deposits.

    • • Nidhi Company is prohibited to engage in chit funds, insurance, leasing finance or acquisition of securities issued by any Body Corporate.
    • • Nidhi Company cannot issue preference shares, debentures or any other such instrument.
    • • It cannot accept deposits nor lend money, other than its members.
    • • These companies cannot pay any incentive for mobilizing deposits.