Effortless Process to Register Nidhi Company
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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 its members. This way, members (or shareholders) are encouraged to save money and invest them within the company. These deposits are then used by the company for its members (or shareholders), to provide loans or advances, and to acquire government-issued stocks/bonds/debentures/securities. It is regulated by the Ministry of Corporate Affairs, while the RBI monitors all its financial dealings.
Nidhi company means a company incorporated with the object of developing the habit of thrift and reserve funds amongst its members and receiving deposits and lending to its members only for their mutual benefit.
Advantages of a Nidhi Company
Motivates Savings
It encourages all its members to save money and encourages a thrifty lifestyle. A Nidhi Company, after all, is a mutual benefit society wherein members can lend or borrow money and accept financial aid amongst them.
Fewer Complications
Borrowing and lending to known persons, where the procedure is fixed, is much less complicated than dealing with banks or informal settings. A Nidhi Company enables its members to unlock the potential of their money and gain from lower interest rates when they require money themselves.
No RBI Regulations – less compliance
By its nature of the activity, Nidhi Company comes under the category of NBFC but does not require RBI approval. These companies follow Nidhi Rules, 2014, issued in respect of the company’s activity and working. RBI has exempted Nidhi Company from following stringent compliances, so you don’t need to be in rush-n- hush as RBI will not bother if you are starting a Nidhi Company in India.
Cheaper To Borrow
As a member, one can borrow money at a minimum rate, relative to the rate at which banks lend money. This can be a significant advantage in times of need, as different individuals in the mutual benefit society are likely to need funds at different points in time.
Other Services
Trademark Registration
Rs.5,999/-
Brand Copyright
Rs.3,999/-
FSSAI Registration
Rs.3,999/-
FSSAI License
Rs.6,999/-
Business Plan
Rs.39,999/-
Financial Projection
Rs.29,999/-
GST Registration
Rs.1,999/-
ISO Registration
Rs.7,999/-
Terms and Conditions
Rs.8,999/-
Registration Process Flow
1-2 HOURS
2 WORKING DAYS
10-15 WORKING DAYS
2-3 WORKING DAYS
Select Package
At Our Startup India, we offer a range of packages to suit your needs. Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.
Obtain Digital Signature
Company registration begins with obtaining digital signatures. The digital signature certificate must be provided by the sole promoter and the nominee for processing the incorporation.
Get Your Name Approved
Our Startup India will help you identify three or four unique names.The application for name reservation is submitted to the MCA.
Final Document Subimission
Company incorporation documents can then be submitted to the Ministry of Corporate Affairs (MCA). On filing for incorporation, approval is granted by the Registrar of Companies (ROC). In case there are any issues with the documents submitted, the application for incorporation can be resubmitted.
Documents Required
Minimum criteria
- Minimum of three directors.
- Minimum of seven shareholders.
- A minimum equity share capital of Rs 5 lakhs.
Documents for Directors
- No-Objection letter from the Owner of Address to use the
address of the registered office of the Company. - Electricity Bill/Telephone Bill /Gas Bill/ Water Bill
-To be signed by the of the Owner of Premises
Documents required to register office
- No-Objection letter from the Owner of Address to use the address of the registered office of the Company.
- Electricity Bill/Telephone Bill /Gas Bill/ Water Bill -To be signed by the of the Owner of Premises
Simple & Transparent Pricing
Basic Package
Save upto-10% cost on this package
34,999
(inclusive All)
- Name Search Report
- Name approval in RUN (Reserve Your Unique Name)
- DSC(2no) (Extra Dsc Per Director – Rs-1000)
- Filing Spice Form
- Issue of Incorporation certificate along with PAN & TAN
- Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
- Msme Registration
- Share Certificate (Soft Copy)
Growth Package
Save upto-20% cost on this package
44,999
(inclusive All)- Name Search Report
- Name approval in RUN (Reserve Your Unique Name)
- DSC(2no) (Extra Dsc Per Director – Rs-1000)
- Filing Spice Form
- Issue of Incorporation certificate along with PAN & TAN
- Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
- Msme Registration
- Share Certificate (Soft Copy)
- GST Registration
- Stamp and Company Seal
- Bank – Current Account Opening
- 10% Discount on Future Service
Premium
Save upto-30% cost on this package
59,999
(inclusive All)
- Name Search Report
- Name approval in RUN (Reserve Your Unique Name)
- DSC(2no) (Extra Dsc Per Director – Rs-1000)
- Filing Spice Form
- Issue of Incorporation certificate along with PAN & TAN
- Include Government Fees & Stamp Duty for Authorized Capital upto-1 Lakh except for the state of Punjab, MP and Kerala.
- Msme Registration
- Share Certificate (Soft Copy)
- GST Registration
- Trademark Registration
- 1month free GST filing
- NDA
- Guideline for Startup India Registration.
- Stamp and Company Seal
- Bank – Current Account Opening
- 10% Discount on Future Service
Frequently Asked Questions for Private Limited Registration
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 its members.
A minimum equity share capital of Rs 5 lakhs is needed for the registration of a Nidhi company.
A Nidhi company requires a minimum of three directors for company registration in India.
A Nidhi company requires a minimum of eight shareholders for company registration in India.
Any person can deposit, lend, or borrow money through the Companies Act’s provisions, 2013. Hence, they can all become members of a Nidhi Company, provided they are not a corporation or a company.
ourstartupindia.com can incorporate a Nidhi Company for in 20-30 days. The time taken for registration will depend on submitting relevant documents by the client and the speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
It should acquire a minimum of 200 members within one year of commencement.
The conditions laid down by the Act says that a Nidhi Company should acquire a minimum of 200 members within its first year of incorporation. However, in case the company is not able to meet the required numbers, it can apply for an extension with the necessary government authorities.
Any person can deposit, lend, or borrow money through the provisions provided by the Companies Act, 2013. Hence, they can all become members of a Nidhi Company. provided they are not a corporation or a company.