Nidhi Company

INR 54,999 /- (All Inclusive)

Easy to Setup, Easy to Register

A feasible option for low-budget businessmen who want to safeguard investments! Cultivate the practice of thrift and savings among company members.

Nidhi Company Registration

The Hindi term ‘Nidhi’ typically refers to finance or fund. Nidhi Company simply refers to a company that has been setup with an objective to develop the practice of savings and reserve funds among its members and also obtaining deposits and offering to its members only for their mutual advantages.

There must be a minimum of 7 person required including 3 directors to incorporate a Nidhi Company. As this kind of company is easy to setup and register, a large number of entrepreneurs choose to go this way to give life to their dreams. Here it is important to note that all such companies have the last word as “Nidhi Limited” as part of their name. Being registered like public limited companies, Nidhi Company encompasses all the features of public limited companies, for example, limited liability.

The advantages associated with Nidhi Company include:

  • Feasible for Lower Budget Businessmen
  • Protected Investments
  • Minimum Documentation and Formalities
  • Relaxation in Compliances
  • Tax Advantages
  • Easy Transfer of Ownership
  • Predefined Goals to Enable Easy Donations and Loans

At Trademark Bazaar, we have experienced professionals who are able to guide through your decision to setup a Nidhi Company. From giving initial consultation to preparing documents, and obtaining necessary approvals, we leave no stone unturned to give wings to your dream of having your own business entity.

For all those who have a low-budget and want to setup a formal business, Nidhi Company is the most sought after option. It is very much easy to setup a Nidhi Company as it doesn’t involve any background check and no prescribed qualifications required for the owners. 

Nidhi Company Name Availability

 

Nidhi Company Registration Fees

 

  • Free Company Name Search
  • Free Consultancy on Registration and Name Availability
  • 7 DSC
  • DIN of 3 Directors
  • Name Reservation
  • Certificate of Incorporation
  • A Copy of MOA & AOA
  • Share Certificates
  • PAN & TAN

Nidhi Company

No hidden charges
 
Company Registration in just 15-20 Days

INR 54,999 /-

BUY NOW GET PROPOSAL

* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh, Sikkim

* Charges extra for NRI/Foreign Directors

 

Documents Required for Nidhi Company Registration

 

For All Directors

  • Copy of PAN Card
  • Identity Proof (Voter Card, Passport, Driving Licence)
  • Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)
  • Passport Size Photo

For Registered Office

  • Ownership Proof (Electricity Bill, Gas bill, Electricity Bill, Mobile Bill)
  • NOC (Download Format)
 

 

Registration Process for Nidhi Company

 

Step 1
Receiving Documents & Apply, DIN & DSC
1-4 Days

 

Step 2
Drafting MOA and AOA electronically in Spice MOA (INC-33) and Spice AOA (INC-34)
5-8 Days

 

Step 3
Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34)
9 to 14 Days

 

Step 4
Certificate Of Incorporation, PAN & TAN
15 to 20 Days

 

 

From Our Blog

Frequently Asked Questions

 

What are the requirements for incorporating a Nidhi Company?

A Nidhi company is generally registered like a Public Limited Company. Therefore, the requirements for setting up a Nidhi company involved a minimum of three Directors and Seven Shareholders. Though, the MOA of a Nidhi company must mention that the foremost objective of the proposed company is to cultivate and endorse a practice of thriftiness and savings among its members, and receive deposits from or lend loans only to its members, for their mutual benefits.

What about the safety of the deposits with the company?

The deposits are depends upon company guidelines and there should be follow by company.

How does the Nidhi Company use the fund/deposit procured by it?

Nidhi Company utilizes the funds in loaning to the Shareholder/members only as per the Nidhi company rules. Nidhi Company lending is typically done in theform of small loans for business and microfinance.

Who can invest in a Nidhi Company?

Only shareholders/members of the Nidhi Company, who possess a membership ID, can choose to investin the company. To become a member, one must be of 18 years and aboveby given age proof and must be a citizen of India.

Can I become a Shareholder/Member of the Nidhi Company?

1. Business Restrictions:

Nidhi Companies are stringentlyproscribed from getting involved into the following kinds of businesses:

· Business related to chit fund, hire purchase finance, leasing finance, insurance or acquisition of securities issued by anybody corporate. Nidhi Companies cannot conduct any business other than the business of borrowing or lending in its own name.

2. General Restrictions:

· Nidhi Companies are not meant to issue any shares, debentures or any other securities by any name or in any form whatsoever.

· Nidhi Companies cannot run current account with its members. Please note that there is a limitation on current account that refers that one can still open savings account with the members.

· Nidhi Companies cannot concern or cause to be given any advertisement in any type for soliciting deposit.

· Nidhi Companies cannot pay any brokerage or incentive for activating deposits from members or for placement of funds or for yielding loans.

Can a minor become the member of a Nidhi Company?

No, a minor won’t be permitted to act as a member of Nidhi but deposits may be invited in the name of a minor, if they are done by the natural or legal guardian who is a Nidhi member.

What does ‘Net Owned Funds’ mean?

“Net Owned Funds” simply refer to thecumulative of paid up equity share capital and spare reserves as abridged by accrued losses and imperceptible assets mentioned in the latest audited balance sheet.

Profits from issue of preference share shall not be involved in Net Owned Funds.

 

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