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Nidhi Company

Need Nidhi Company Services?

Nidhi Company Services Starting at Just Rs.60,999/- (Inclusive of all Govt. Fees).

About Nidhi Company

Nidhi Company is a company registered under the Companies Act, 2013, which has a sole objective of cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to take deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only from its members (shareholders) and used only by the shareholders of the Nidhi Company.

Nidhi Company is a class of NBFCs and RBI is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these Nidhis deal with their shareholder-members only, RBI has exempted the notified Nidhis from the core provisions of the RBI Act and other directions applicable to NBFCs. Therefore, Nidhi Company is an ideal entity to take deposit from and lend to a specific group of people.

ADVANTAGES OF NIDHI COMPANY REGISTRATION

A company is a legal entity and a juristic person established under the Companies Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.

Nidhi Company can provide investment to smaller classes with less interest.

NIDHI COMPANY REGISTRATION PROCESS

We can register a Nidhi Company in 20 to 30 days, subject to ROC processing time.

Obtaining DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Nidhi Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.


Name Approval & License

Once DIN and DSC are available for atleast three Directors, application for reservation of name for Nidhi Company can be made to MCA. Name approval can be obtained in 3 to 5 working days.



Nidhi Company Registration

Once the name approval is obtained, registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.

Success is doing ordinary things extraordinarily well.

DOCUMENTS REQUIRED FOR NIDHI COMPANY Registration

Documents Required for Private Limited Company

Directors & Shareholders

  • PAN Card;
  • Election ID/Aadhar Card/Passport/Driving License;
  • Photograph;
  • DSC Form Download Format;
  • Bank Statement/Mobile Bill/Telephone

For Registered Office

Rented Property

  • Rent Agreement
  • Note: Copy needs to be Notarised.



Owned Property

  • Property (Director / Relative) - Registry Proof / House Tax Receipts (Notarised);
  • Latest Electricity Bill;
  • NOC from the owner on the name of any director (Notarised)
Basic
60,999
/-

(Inclusive of all Govt. Fees).

Certificate of Incorporation
PAN
TAN
BASIC WEBSITE FREE


Get Started

Standard
64,999
/-

(Inclusive of all Govt. Fees).

Certificate of Incorporation
PAN
TAN
GST REGISTRATION
BASIC WEBSITE FREE

Get Started

Premium
71,999
/-

(Inclusive of all Govt. Fees).

Certificate of Incorporation
PAN
TAN
GST Registration
Trademark Registration
BASIC WEBSITE FREE

Get Started

FAQ OF Nidhi Company

What is a Nidhi Company?

"Nidhi" means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefits.

How many Directors are required in Nidhi Company?

A minimum of three directors are required to establish a Nidhi Company and the maximum amount cannot exceed beyond fifteen.

How much money do I need to start a Nidhi Company?

The minimum authorized capital to start should be Rs. 500000(US $7549 approx) and it can be increased to any amount (no upper limit). This money is deposited in your company bank account at your disposal.

When do I get the status "Nidhi" approved?

Once a Company is incorporated, within a period of one year from the commencement, the Nidhi Company must meet all of the following criteria.

  • Not have less than two hundred members (Shareholders)
  • Have Net Owned Funds (NOF) of ten lakh rupees or more
  • Have unencumbered term deposits of not less than ten per cent of the outstanding deposits
  • Have a ratio of Net Owned Funds to deposits of not more than 1:20
How long does it take to register a company?

It usually takes 35-45 working days to register a Nidhi Company

Your company is in Delhi / NCR, I am in a different state. Can I still register a company?

Yes, the company incorporation process is online. You can email / upload us the required documents.

Can another Company be a shareholder in Nidhi Limited Company?

Yes, another company can also be a shareholder in Nidhi Company.

What are the documents required to open a Nidhi Company?

The documents requirements are as follows

  • Pan Card
  • ID proof- Any one (Voter ID / Aadhar Card / Driving License / Passport)
  • Address Proof- Any one (Electricity Bill / Telephone Bill / Mobile Bill / Bank Statement)
Can a Salaried person become the director in Nidhi Company?

Yes, a salaried person become a director, there are no legal bondages in this but you may have to go through with your employment agreement if it contains any restrictions on doing so.

How long is the company valid for?

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.

Is an office required to open a company?

No you can open a company to your residential address there is no requirement to have a commercial place to open up a company.

For Registered Office Address

  • Rent agreement along with latest rent receipt (in case the premises are rented)
  • House tax receipts (in case premises are owned)
  • Electricity bill
  • NOC from the Owner (Format will be shared once your company name approved)
Can I open an Asset finance company by opening a Nidhi Limited?

No, as per the restriction mentioned in the Nidhi rules no nidhi company can do the busienss of asset financing.

How do I choose name for Nidhi Company?

First ensure the name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if the name is not a registered trademark taken by anybody under the IP act. Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, technosoft, IT consultancy.

Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives.

While choosing the name make sure that name should contain the objective of the business like if the objective is IT then the name should contain Technology, Technosoft, IT consultancy.

Business

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Transparency

Our Consultants maintain transparency while guiding you. No hidden charges, no fake promises. The Entire process is transparent

Lightning Fast Procedure

Not meeting the deadline is one of the biggest turn-offs for any business owner. We are very serious about delivering on time.

Guaranteed Satisfaction

Your satisfaction is our goal, we provide a 100% satisfaction guarantee for the work with you to ensure you quality of work.

Expertise

Our team has thorough expertise in respective service areas.

Fair Business Practices

We ensure highest importance to ethical business practices.

No Hidden Fee

We have a fair and transparent pricing structure. We do not have hidden fees associated with any of our services.

One Stop Solution

Businessgig provides all the services required for launching a successful startup. We provide legal, financial, design and branding services.


Free Expert Consultation

Businessgig provides you free Consultation about Business Incorporation, Taxation, Finance, Graphics and Digital needs. etc


Backed by Experience

Businessgig is an initiative of Expert Engineers and Professional Charterered Accountants having an experience of over 7 years.


Real Time Assistance

You can reach us anytime and anywhere in the go. You can Text, Whatsapp, Email, Call or Skype us for your requirements.


Leading Brand

We are one of the leading brands in Accounting, Statutory Compliances ,Designing and Marketing.


Long Term Hand holding

We have capability to advise and serve you, even you when you grow big and expand


You simply won’t find another vendor that can match our value proposition. Our customers often tell us the same thing. We make every effort to provide our customers with great products and services, and we work just as hard to make sure they are getting the right business model that fits their needs. We promise the same to you.

Integrity

When we face a tough decision we never compromise our values and principles. We do what is right, not what is the easiest.


Passion

We are passionate and committed in heart and mind to what we do. Our employees work around the clock coming up with ideas.

Flexibility

We believe that flexibility leads to excellence and we tailor all our services to the specific needs of each client.


Quality

We strive for excellence in all that we do. We set high personal and company standards, and then consistently try to exceed them. We attract self-motivated, highly capable, results-oriented people and invest heavily in their development.

Openness & Honesty

We believe that open communication builds trust, which is the foundation of any relationship whether it’s with our employees or our clients.


Teamwork

Our power comes from the talented people within our company. We create an environment in which every person is a valued and respected member, encouraged to contribute and share, and recognized and rewarded for their efforts.

Extra Ordinary Customer Support

We place highest importance to providing extra ordinary customer Support.

When it comes to the numbers, you might get a million query in your head. Do not worry! Our dedicated support team loves to assist you with anything. Just give us a buzz and we would happy to answer all of your queries..

We know how expensive finance experts and designers can be. Businessgig provides best of the both at an unimaginably low price. We harness the power of technology and have pushed a lot of our work to digitization. This saves us a lot of time and we happily pass on the benefit to our customers.

A Pricing structure designed for your every need. Our business package will free you from charges for every service. We provide best in class services at reasonable charges through latest technology, experience and expertise. .

We understand how important your business information is. We have systems in place to ensure confidentiality of your data. We do not even reveal your name unless you want us to. To know more, please check our NDA and Privacy policy.We take Client confidentiality seriously. We never disclose client information or use our Client’s brand name for our marketing without your prior permission.

About Us

Alone we can do so little, together we can make wonders. So lets team up and grow together. You would have heard the phrase ‘Making mountains out of molehills’; but here we do what we do best-making molehills out of mountains.

We enjoy the reputation of being synonymous with professionalism, efficiency, and excellent service. We provide full spectrum of financial, accounting, designing, marketing services as well as investment consultancy, project evaluation and services related to all types of business and corporate agreements. We specialize in providing end to end support to startups – be they proprietorship’s, partnership’s, LLP’s, or Private Limited Enterprises. Our knowledge of the Indian ecosystem makes us perfectly placed to provide end-to-end assistance with company formation in India as well as company registration in India.

I have used multiple offline & online CAs/ Lawyers. Businessgig clearly provides the best and fastest service.

Andrew Jackson

Project Manager

92%

Client Retention

1200+

Satisfied Clients

60+

Cities we operate

150+

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