Nidhi Company Registration in India Online
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) dedicated to lending or borrowing money to all its members as required. According to the Nidhi Rules, 2014, members can borrow money against tangible collateral such as property mortgage, gold, etc.
The conception of Nidhi Company was initiated to practice thrift amongst its members, receiving deposits and lending money for mutual benefit. A Nidhi company is regulated by the Ministry of Corporate Affairs but it does not need to receive any license from the Reserve Bank of India (RBI).
These companies will be registered as public limited companies, and you can mention them as “Nidhi Limited” following the names of the companies.
If you like to Register a Nidhi company, we can assist you. We have a dedicated team to provide services for your customized needs. Contact us today.
Benefits of Nidhi Company Registration
Among the heaps of advantages, some vital points are mentioned here. Let’s learn them.
Legal Existence
Nidhi Company enjoys a separate legal existence as a registered Mutual Benefit Society. The company can dispose of or acquire funds/assets in its name.
Liability is Limited
The invested or contributed amount comes from its members. Hence, the liability is limited. Members do not have personal liabilities towards the company’s liabilities.
Low-Interest Borrowing
The members can borrow funds from the company’s account deposited by themselves only. Hence, they can borrow it at the lowest interest rate they decide.
Minimum Requirements
For Establishing a Nidhi Company:
- 200 members minimum
- 7 Directors & 7 Shareholders minimum
- 5 lakhs of equity capital
- Net owned capital 10 lakh or more
- Nidhi must be a public limited company
- Should have “Nidhi Limited” as its name suffix
- Can borrow and lend funds only from/to members
- Net Owned Funds to deposits ratio of 1:20 or less
- All directors must have DINs
Documents Required
Package Details
Start Up
+18% GST
- Incorporation Only
- Call, Chat, Email Support
- No hidden charges
Basic Plan
+18% GST
- Incorporation
- Auditor Appointment
- Commencement of Business
- Call, Chat, Email Support
- No hidden charges
Smart Plan
+18% GST
- Incorporation
- 1 Year AFC
- Call, Chat, Email Support
- No hidden charges
Mega Plan
+18% GST
- Incorporation
- 1 Year AFC
- 1 TM Application
- Call, Chat, Email Support
- No hidden charges
How We Work?
Our experts manually validate the documents and process filing.
Fill the Form & Make the Payment
Expert Will Call You & Receive All Necessary Documents
Will Create DSC & the DIN Number of Director
MoA and AoA Drafting & Submit
Your Documents will be Filed & Submitted to the ROC
Congratulations! Certificates Will Be Provided