Nidhi Company Registration

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Nidhi limited company Registration

Nidhi Company Registration India at just Rs. 9999 (Excluding Govt. Fee & taxes)

Nidhi Companies are non-banking financial companies. With the continuous growth of industries, various businesses require investments. Hence to facilitate these businesses with easy loans and funds, Nidhi limited companies came into existence. Nidhi limited company provides all the solutions to businesses with funds problems and reduces easy fund availability for its members. Nidhi company registration allows transactions only between its members, which includes taking deposits from its members and lending money to its members. Nidhi company does not require any license from RBI to conduct its business & has now become the perfect way to start your lending business in India. Nidhi company registration can be done as a public company and should have Nidhi Limited at the end of its name.

Features of Nidhi company registration or Nidhi limited registration

More simple than it looks!

Separate Legal Entity

The company guards itself against risks and losses due to being considered a separate entity, so every director and shareholder is protected. After the Nidhi limited registration, it becomes a separate legal entity.

Changing owners is easily allowed

Changing directors or shareholders in private limited is a straightforward process that usually comes into practice very quickly.

No RBI regulations

Nidhi company registration offers the benefit of not requiring any permission from RBI to start its loan business. Hence the business can start as soon as they get Nidhi limited registration.

Interest Income

Nidhi registration company can earn interest up to 20% depending upon the terms and conditions. This interest also becomes a stable income for the companies like this.

Ease of expansion

Nidhi company can open up to 3 branches in the same district. It can happen only after the completion of 3 years of prior branches. Nidhi limited registration exhibits the required status for each company.

Safe lending business

Nidhi registration company lends money against various entities or securities like gold, immovable property, Fixed Deposits, etc. As a result, it provides adequate resources for recovering the loan amount.

Minimum investment

You can have a start-up as a Nidhi registration company with as less as Rs 5 lakhs of capital and get the Nidhi limited registration.

Low risk of NPA

As we all know, Nidhi registration company is open only for its members hence giving a reasonable assurance about the safety of your money.

Easy fund available

Nidhi limited registration requires at least 200 members for starting up and ultimately provides it with easy fund availability from its members.

Nidhi Finance Company Registration

  • Nidhi Company Registration online or Nidhi limited registration requires at least seven members out of which three should be designated, directors. However, after registration, they should acquire at least 200 members within one year.
  • Nidhi company registration online requires a minimum equity share capital of Rs 5 lakh, but its net owned funds must be increased to at least Rs 10 lakhs. Nidhi Bank Registration is necessary under the Companies Act, 2013.
  • Even though Nidhi company registration online is restricted, it is necessary to ensure that the objective mentioned in the memorandum of association is to cultivate the habit of frugality and savings among the members, to accept and lend to its members only for their mutual benefit.

After Nidhi bank registration or Nidhi limited registration, Nidhi Company should meet the following capacities:

  • The company has at least 200 shareholders (members)
  • The Nidhi should have net owned funds of Rs. 10,00,000 or more
  • They are required to maintain deposits of at least 10% of outstanding deposits.
  • All Nidhi companies must maintain a ratio of not more than 1:20 of net owned funds to deposits.

Documents for Nidhi Company Registration Online

Nidhi company registration online can be done online as well. The following documents must be present for Nidhi Company Registration Online:

  • PAN cards of all directors will need to be present for Nidhi registration.
  • Aadhar cards of all directors must be present for Nidhi registration.
  • A voter ID card/ Passport must be present for Nidhi registration.
  • Passport-size photograph required for Nidhi registration.
  • Bank statements for the last two months(latest) need for Nidhi registration.
  • "In case you have a Rented Property:
    Rent agreement/lease Deed/NOC from the owner" needs to be present for Nidhi finance company registration.
  • "In case you have an Owned Property:
    Electricity bill, telephone bill, Property Receipt" is required for Nidhi finance company registration.

5 simple steps for Nidhi Limited Registration:

  • Preparing Digital Signature Certificate (DSC) and Director Identification Number (DIN)
  • Selecting a unique name of the company
  • Arranging Forms, Documents, AOA & MOA of your Company.
  • Filing e-forms with MCA.
  • Allocation of COI and COC.

These steps are required for Nidhi bank registration.

Restrictions for Nidhi Bank registration under Nidhi Rules, 2014

As per Nidhi Rules 2014, Nidhi companies are not authorized to deal with the following businesses:

  • Business of Chit Fund, Lease Finance, Installment Purchase Finance, and Acquisition of Securities issued by any Company.
  • Issuance of preference shares, debentures, or debt instruments in any name or form
  • Opening a current account with its serving members
  • Acquiring another entity through the purchase of securities or controlling the BOD composition of any other company in any way
  • The conclusion of the legal regulation on the change of its management in the absence of the board of directors was approved by a special resolution and the consent of the regional director operating in the relevant jurisdiction.
  • Carrying out activities that deviate from the subject of business.
  • Accepting or lending deposits to non-members.
  • Pledge of the member's property as security
  • Accepting deposits or providing funds to anyone from the company
  • Entering into any partnership arrangements for borrowing or lending activities
  • Using any form of advertising to obtain a deposit
  • Payment of incentives or mobilization of deposits from serving members or for the deployment of funds or provision of loans.

FAQ's

Few doubts important to be resolved quickly

1. How many members are required to start a nidhi company or nidhi bank registration?

A total of 7 members are required to startup a Nidhi limited company or nidhi bank registration out of which at least 3 members should be directors of the company.

2. Is my physical presence required during the Nidhi company registration online?

No, every process involved with nidhi limited company is done online . Your work is only to send scanned documents and forms and all e-forms will be filled electronically on MCA Portal.

3. What is a Digital Signature Certificate?

Digital Signature Certificate is an instrument via which you can sign all the documents electronically. As every process of private limited is done online hence DSC is one such important step in the process. For nidhi bank registration, DSC must be obtained at the very first step.

4. What are Articles of association ( AOA) and Memorandum of Association (MOA) ?

These articles contribute a really important piece of information for the directors and shareholders as it comprises their roles and responsibilities for the company and contains all the rules, vision and mission of your Nidhi Limited company. They are very important documents for nidhi bank registration.

5. Does Nidhi company need any permission from RBI for lending Money?

The answer is NO. Nidhi company doesn’t need any permission from RBI for lending money. Thus, the Company can start its lending business as soon as it gets registered. Once the nidhi bank registration is done, it can start its operations.

6. What is the meaning of “Nidhi “ in Nidhi company?

The word “ Nidhi “ is a Hindi word which means “funds “ in English. Hence as the company deals in providing funds to various businesses the government has hence issued the word “Nidhi “ as such companies name.

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Nidhi Company Registration

More simple than it looks!
GOLD
21999/-
9999/- + Govt. Fees
  • Registration in 15 days
  • Authorised Capital upto 5 lakhs
  • MOA, AOA, Pan, Tan, e-copy
  • 3 DIN & 7 DSC
  • Certificate of Incorporation e-copy
  • FREE CONSULTANCY
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • GST Registration
  • ISO 9001:2014
  • Trademark Registration
  • Appointment of Auditor
  • Commencement Certificate
  • Audit & Annual Compliances
  • ITR of Company
PLATINUM
38599/-
22499/- + Govt. Fees
  • Registration in 15 days
  • Authorised Capital upto 5 lakhs
  • MOA, AOA, Pan, Tan, e-copy
  • 4 DIN & 7 DSC
  • Certificate of Incorporation e-copy
  • FREE CONSULTANCY
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • GST Registration
  • ISO 9001:2015
  • Trademark Registration
  • Appointment of Auditor
  • Commencement Certificate
  • Audit & Annual Compliances
  • ITR of Company
DIAMOND
79999/-
54999/- + Govt. Fees
  • Registration in 15 days
  • Authorised Capital upto 5 lakhs
  • MOA, AOA, Pan, Tan, e-copy
  • 5 DIN & 7 DSC
  • Certificate of Incorporation e-copy
  • FREE CONSULTANCY
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • GST Registration
  • ISO 9001:2015
  • Trademark Registration
  • Appointment of Auditor
  • Commencement Certificate
  • Audit & Annual Compliances
  • ITR of Company
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