Nidhi Company Incorporation
Prices Starting from INR 34999/- only.
Timeline -5 Working days
(No Hidden Cost)
Are you planning to start a finance company or want to authorise your existing finance company, then you are at the correct door as Nidhi Company is the only existing choice to start a finance company lawfully that also without the Reserve Bank India (RBI) approval.
The term “Nidhi” in Nidhi Company means “treasure” and it arises from the Hindi language.
Nidhi Companies in India are established, controlled and governed by Section 406 of the Indian Companies Act of 2013, Nidhi Companies Rules of 2014 and the Chapter XXVI Nidhi Rules, 2014. Nidhi Company is one of the categories of Non-Banking Financial Company (NBFC) which does not involve any Reserve Bank of India (RBI) certificate. Nidhi Company works through its members. It can receive deposits and offer loans to its members only. Therefore, certain exemptions have been provided to these types of companies in respect of annual compliances and taxation.
The organisations doing Nidhi business, that is borrowing from members and lending to members lone, are recognised under different terms such as Nidhi, Value Funds, Permanent Fund, Mutual Benefit Funds and Mutual Benefit organisation. Nidhis are more standard in South India and are extremely limited to single office institutions.
However there are no separate processes to be completed under Reserve Bank of India (RBI) for a Nidhi company, RBI is authorised to issue any instructions to them. Nidhi Companies are exempted from main requirements otherwise applicable to a Non-Banking Financial Company (NBFC) in India. It needs a minimum of 7 members and 3 directors to begin with. As a piece of suffix, all such companies must affix “Nidhi Limited” after its name. Nidhi Company is very simple to incorporate and there are minimum compliances later.
Minimum Requirements
- The Nidhi limited company minimum -7 members
- Directors-3 Directors
- Maximum- no limit of members
- Director-To obtain DIN(Director Identification number)
- Registered office –valid registered office proof
- DSC –Digital signature certificate
- Subscribed capital –minimum 5 lacs for public limited company
- Nidhi company -200 members within one year from date of incorporation
- Net owned funds minimum 10 lakhs or more within one year. Ratio
Should be 1:20
Documents Required
- Pan card of individual
- Voter id /Driving license /Passport for identity proof
- Latest Bank Statement / Telephone bill /Mobile bill/Electricity Bill for Address proof
- Two company name is required
- Rent agreement along with telephone bill/EB bill/Gas bill is required for company registered office proof
- Digital signature is required
- NOC from land lord
- Declaration from all subscribers should be attach with rule 4,5,6 and 10 of Nidhi Rules 2014
SILVER
.
– 7 CLASS 2 DIGITAL SIGNATURE
– 3 Director Identification Number
– Incorporation Fee
– Incorporation Certificate
– PAN & TAN Certificate
– GST Registration
– Commencement of Business Certificate
– Stamp Duty
.
₹ 35000/-
(All Inclusive)
GOLD
.
– 7 CLASS 2 DIGITAL SIGNATURE
– 3 Director Identification Number
– Free Stamp Duty
– Incorporation Certificate
– PAN & TAN
– GST Registration
– One Month GST Returns
– One Month Accounting
– Commencement of Business Certificate
– MSME Registration
– First Year Income Tax Return Filling
– Share allotment to 200 members *
.
₹ 49000/-
(All Inclusive)
PLATINUM
.
– 7 CLASS 2 DIGITAL SIGNATURE
– 3 Director Identification Number
– Free Stamp Duty
– Incorporation Certificate
– PAN & TAN
– GST Registration
– One Year GST Returns
– One Year Accounting
– Commencement of Business Certificate
– MSME Registration
– First Year Income Tax Return Filling
– Company Annual Return Filling
– Free Website Designing
– Share allotment to 200 members*
.
₹ 60000/-
(All Inclusive)
1Obtain DSC
2Reserve Your Company Name
3Submission of MOA & AOA
4Get Company’s Incorporation Certificate
5Get Company’s PAN & TAN
6Bank Account Opening
It’s essential to appoint a minimum of three directors and must have seven stockholders. So, a total of 10 persons are required to incorporate a Nidhi company. It takes nearly a month or even longer to incorporate.
No, In a Nidhi Company only the members are permitted to deposit, borrow or lend funds.
A minimum of 3 directors and 7 stockholders are essential to incorporate a Nidhi Company in India.
The Nidhi Limited Company is a non-banking financial company for its member only. It takes deposits from its member and offer loan to them at a lowest interest rate.
Yes, you can expand operations of the Nidhi Company. A minimum of three branches can be operated in a specific district. In case if you need to expand outside the district or want to operate more than three branches, communication needs to be made 30 days prior to the Registrar of Companies.
The Director needs to be above 18 years of age and its necessary to be a natural individual.
An address anywhere in India where the registered office of the Business will be located is required. The building can be a residential / commercial / industrial where communication from the Ministry of Corporate Affairs (MCA) will be acknowledged.