Nidhi Company

Nidhi Company is a type of Non-Banking Financial Company (NBFC) that is formed to borrow and lend money among its members. It is a great way to promote the habit of saving and mutual benefit among a group of people. Nidhi Company registration is simple, online and affordable with our support services.

Some of the advantages of a Nidhi Company are:

• It has a simple and hassle-free formation process with minimal requirements and documentation.
• It does not need to obtain a license from the Reserve Bank of India (RBI) and is exempt from many of the regulations applicable to other NBFCs.
• It can only deal with its members and has no scope for outsiders, which ensures transparency and trust among the members.
• It has a low capital requirement of 5 lakh rupees and can issue only equity shares.
• It enjoys various tax benefits such as lower corporate tax rate and exemption from dividend distribution tax.

The procedure for registration of a Nidhi Company in India is as follows:

• Obtain the digital signature certificate (DSC) and director identification number (DIN) of the directors of the proposed Nidhi Company. A minimum of three directors and seven members are required to start a Nidhi Company.
• File the name approval application with the Registrar of Companies (ROC) through the RUN service. The name of the Nidhi Company should end with the words “Nidhi Limited”.
• Prepare and file the incorporation documents such as the Memorandum of Association (MoA) and Articles of Association (AoA) of the Nidhi Company with the ROC through the SPICe+ form. The MoA should mention the main object of the Nidhi Company as “cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit.”
• Obtain the certificate of incorporation from the ROC and apply for the permanent account number (PAN) and tax deduction and collection account number (TAN) of the Nidhi Company.
• Open a bank account for the Nidhi Company and deposit the share capital amount.
• Within one year of its incorporation, the Nidhi Company should have at least 200 members, 10 lakh rupees of net owned funds, 10% of unencumbered term deposits, and a ratio of net owned funds to deposits of not more than 1:20.
• File the NDH-1 form with the ROC within 90 days from the end of the first financial year after incorporation, certifying that the Nidhi Company has complied with the above conditions. If the Nidhi Company fails to comply with the above conditions, it can file the NDH-2 form with the Regional Director within 30 days from the end of the first financial year, requesting for an extension of another financial year.

Here are some of the features and advantages of our Nidhi Company registration support services:

Expert Guidance: We have a team of qualified professionals who can guide you through the legal and regulatory aspects of Nidhi Company registration in India. We can help you choose a unique and suitable name for your Nidhi Company, prepare and file the required documents with the Registrar of Companies (ROC), and obtain the certificate of incorporation.

Fast and Hassle-free Process: We can ensure that your Nidhi Company registration is completed in a quick and hassle-free manner. We can handle all the communication and coordination with the ROC and other authorities on your behalf. We can also assist you in obtaining the digital signature certificate (DSC) and director identification number (DIN) of the directors, and the permanent account number (PAN) and tax deduction and collection account number (TAN) of the Nidhi Company.

Affordable and Transparent Pricing: We offer our Nidhi Company registration support services at a competitive and affordable price. We have no hidden charges or fees. We provide you with a clear and detailed quotation of our service charges and the government fees before starting the work.

Post-Registration Support: We do not stop at Nidhi Company registration. We also provide you with post-registration support services such as GST registration, bank account opening, trademark registration, and compliance filing. We can help you comply with the tax and regulatory requirements of your Nidhi Company in India.

Contact us today and get your Nidhi Company registered in India in no time!