Nidhi Company Registration Consultant in India in just Rs. 9,999*/-

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Nidhi Company Registration Consultant near me
Nidhi Company Consultant in India
Start a New Nidhi Company !!

Online Nidhi Company Registration Consultant in India

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Nidhi Company Registration Service Online

All About Nidhi Company

Additional Information

People often thinks to start a New Nidhi Company, they should have known first- WHAT IS A NIDHI COMPANY? 

A Nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act 2013. Their core business is borrowing and lending money between their members.  Examples of a Nidhi Company are permanent funds, mutual benefit funds, a mutual benefit company and benefit funds. In simple words, Nidhi means a company which has been incorporated with the object of  developing the habit of thrift and reserve funds amongst its members and  also receiving deposits and lending to its members only for their  mutual benefit. 


Nidhi company registration online is simple and less complex as compared to other types of finance companies like NBFC which require RBI license to start. A nidhi company can be started with  an initial capital of Rs.5 lakh and requires at least seven people to  start with (minimum 7 members). Nidhi company registration also requires  three directors initially. Every promoter or director needs a copy of  PAN card, ID proof and address proof to apply for a Nidhi company in India.  

Nidhi Company Registration Consultant in Agra

Documents Required

Basic Requirements

Benefits

Conditions for Certificate

Proceed for Registration

Get Registration of New Nidhi Company

In Just Rs. 9,999*/-

Short Video on Nidhi Company Registration

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Nidhi Company Registration Consultant will need following documents

Documents required for Nidhi Company Registration

In Relation to Members and Directors

In Relation to Company and Registered Office

In Relation to Company and Registered Office

  1. PAN Card and Aadhar Card.
  2. Identity proofs.
  3. Address Proofs.
  4. Passport size Photo.

Nidhi Company registration Consultant

In Relation to Company and Registered Office

In Relation to Company and Registered Office

In Relation to Company and Registered Office

  1. Proof of ownership of registered place of business (Electricity Bill).
  2. No Objection Certificate (signed by the owner / landlord).

Nidhi Company registration Service

Declarations and Signature on Documents

In Relation to Company and Registered Office

Declarations and Signature on Documents

  1. Memorandum of Association (MOA).
  2. Articles of Association (AOA).
  3. Declaration of first directors.

Basic Requirements to Start a Nidhi Company Online!

Requirements for Nidhi Company Registration Service in India

Number of Members and Directors

  1. Company needs at least 7 persons to start a New Nidhi Company who will become members and initial subscribers of the company.
  2. The minimum number of directors should be 3.
  3. Within one year of its registration Nidhi Company should have minimum 200 members within one year from commencement 

Share Capital and Nature of Company

  1. New Nidhi Company to start business as Nidhi shall be a public company and shall have a minimum paid up equity share capital of trn lakh rupees.
  2. No preference shares can be issued by the company.

Activities Prohibited in a Nidhi Company

New Nidhi Company can’t deal with chit funds, hire-purchase finance, leasing finance, insurance or securities business. It is strictly prohibited from accepting deposits from or lending funds to, any other person except members.

What are the benefits of Nidhi Company

It is constituted for sole purpose of helping its members. It is formed for mutual benefit.

Registration of New Nidhi Company instills the feeling of savings and thriftiness among its members.

The investments are secured and lucrative. 

New Nidhi Company doesn’t require an RBI license.

Conditions to acquire Nidhi Certification Online

Nidhi Company License Registration Consultant

Requirements for minimum number of members

New Nidhi Company shall, within a period of one year, ensure that it has-

  1. not less than two hundred members;
  2. net Owned Funds of ten lakh rupees or more;
  3. unencumbered term deposits of not less than ten per cent of the outstanding deposits;
  4. ratio of Net Owned Funds to deposits of not more than 1:20.

What are restrictions for Nidhi Company under Nidhi Rules 2014

  1. New Nidhi Company shall not carry on the business of chit fund, hire purchase finance, leasing finance,insurance or acquisition of securities.
  2. Company shall not carry on any business other than the business of borrowing or lending in its own name.
  3. Shall not open any current account with its members.
  4. Shall not issue preference shares, debentures or any other debt instrument.
  5. Shall not accept deposits from or lend to any person, other than its members.
  6. Shall not take deposits from or lend money to any body corporate.
  7. Shall not issue or cause to be issued any advertisement in any form for soliciting deposit without consulting Nidhi Company Consultant .
  8. Shall not pledge any of the assets lodged by its members as security.
  9. Shall not acquire another company by purchase of securities or control the composition of the Board of Directors of any other company in any manner whatsoever.
  10. Shall not pay any brokerage or incentive for mobilizing deposits from members or for deployment of funds or for granting loans.

Questions from Nidhi Company Registration Consultant

Please reach us at info@taxindia24.com if you cannot find an answer to your question.

A Nidhi Company typically falls in the category of “Non-Banking Financial Companies (NBFCs)”, which does not require any license or registration from the Reserve Bank of India (RBI). It is formed for the sole purpose of accepting deposits (saving) and lending loans to it's members only. It works through it's members only. 


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 (as mentioned above also). Further, it's MoA (Memorandum of Association) must state that the main objective of the proposed company is to promote thriftiness and a habit of savings among it's members. 


Not at all, RBI exempted Nidhi Company from taking license for providing services of lending and accepting money from or to its members. 


The answer is Yes, you can IFSC in Nidhi company. But, RBI does not allot IFSC to NIDHI company directly which means Nidhi Company needs to arrange IFSC services in an indirect way. 


No, the Cheque book facility is available only for Banks. Nidhi Company can not provide cheque book facility to its members. 


Yes, Nidhi Company can issue passbooks to its member to keep the record of entries of their deposits. 


A Nidhi company is classified at present as a "Mutual Benefit Financial Company" by RBI and regulated by the Bank for its deposit-taking activities and by DCA for its operational matters as also the deployment of funds. However there is no condition to take any license from RBI. Mainly it gets regulated from Ministry of Corporate Affairs.


Nidhi Company can have funded through the deposits in the form of Saving Deposits, Recurring Deposits, and Fixed Deposits. Loans are generally not available to Nidhi Company in India


There are a few conditions for Nidhi Company Registration in India, which we have mentioned above.


GST is not applicable on the interest part of the business, however, if Nidhi Company persists in any other business income then GST will apply as per the applicable laws.


If the director of the Nidhi Company holds equity shares of the company then he can avail of the loan from such Nidhi Company (as per the normal course of business). Also, a director can lend money to the Nidhi Company out of his earned income.


No, Nidhi company can not provide an unsecured loan to its members. For providing unsecured loans you might consider Micro Finance Company Registration Service.


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