What are the requirements for registration of a Nidhi Company?

Requirements for registration of Nidhi Company are as follows – 1. The company should have an aim of borrowing and lending money to its members only. 2. The company formed should have a main objective of doing charity 3. The company should have minimum 3 directors The company should have minimum 7 members 4. Director identification number (DIN) of all directors 5. Minimum paid up share capital of Rs.5 lakhs

Whether your deposits are safe and secure with Nidhi Company?

Yes, your deposits are safe and secured with Nidhi Company. Now, the reserve bank of India/ministry of corporate affairs/government of India has made certain rules and regulations to ensure the safety and security of the deposits in the Nidhi Company. The Nidhi Company needs to follow the rules and regulations created by the Central Government.

How does Nidhi Company use deposits/funds procured by it?

As per company rules, Nidhi Company uses the funds to lend money to its shareholders/members. Nidhi Company lends the money in the form of small loans for business and microfinance.

Who can invest in a Nidhi Company?

Only shareholders/members of the Nidhi Company with membership ID can invest in this company. To be a member, you must have 18 years of age and must be a citizen of India.

How many branches can a Nidhi company open?

Nidhi Company can open only 3 branches in its district if it is earning consistent profit after tax in the last 3 years. For any additional branch, you have to take the approval of the regional director.

Nidhi Company Registration

Online Nidhi Company Registration in India. Ideal for lending and borrowing amongst members.

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Nidhi Company Registration in India

“Nidhi” is a word of Hindi which means finance or fund. It is a type of non-banking financial company incorporated and registered under the company’s act, 2013 with the main aim of borrowing and lending money to its members. It develops the habit of saving among its members and works on the principle of mutual benefit.

Minimum three directors are needed for the registration of Nidhi Company. Nidhi company registration is very easy and it does not require RBI approval. Its registration is very economical too. All those companies which are incorporated as Nidhi Companies must use the last word as “Nidhi Limited” as part of its name. No background check is needed for the registration of Nidhi Company. Anybody can form a Nidhi company.

What Nidhi Company offers?

Minimum documentation and formalities
Safe and secure investments
Low rate of interest.
Useful for middle and lower classes.
No external involvement in management.

Documents Required for Nidhi Company Registration in India

Passport size photographs of directors.
Copy of Voter Id card/Aadhar card of directors.
Copy of Director’s PAN card
No objection certificate (NOC) from the landlord.
Water/Electricity Bill of the business place
Rent Agreement copy (if using rented property).
Copy of the Property papers (if property is owned by you)

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Minimum Requirements for Nidhi Company Registration in India

Before Incorporation

Minimum 3 director
Minimum 7 shareholders
The director identification number (DIN) for all directors.
Minimum capital of Rs.5 lakhs

After Incorporation

Net owned funds to deposit ratio should be more than 1:20.
Minimum number of 200 shareholders
The net owned funds should not be less than Rs.10 lakhs.
Free debt deposits of not less than 10% of the outstanding deposits.

Nidhi Company Registration