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Nidhi Company RegistrationGet started with your Nidhi Company

Nidhi Company

Nidhi company is registered under the Companies Act, 2013 and is regulated by the central government. A type of non-banking finance firm and have permission to lend and borrow money within its members only.

A Nidhi Company includes the following:

  • Permanent funds
  • Mutual benefit funds
  • Mutual benefit company
  • Benefit funds

To talk with our legal advisors please fill up the form.


Documents needed for Nidhi Company Registration To be submitted by all directors:

  • copy of PAN Card
  • copy of Driver’s License/ Voter ID/ Aadhaar Card/Passport
  • copy of Bank Statement/ Telephone Bill/Mobile Bill/ Electricity Bill
  • Passport-size Photograph
  • Specimen Signature Certificate

Basics of a Nidhi Company

Regulated by MCA & RBI

The process of registration and all the financial matters of a Nidhi company is regulated by the Ministry of Corporate Affairs(MCA). Nidhi companies are permitted deposits which are more than 6 months and lesser than 5 years old.

Member count

A Nidhi Company must have 200 members within the year of formation. And on failing, it has to apply for permission of extension of time limit of acquiring the said member count.

Equity Capital

The equity share capital should be of Rs. 5 lakh on inception. And 10% of the deposit collected from members should be kept as fixed deposit in a nationalized bank.

Advantages of Nidhi Company

  • Cheaper to borrow
  • Encourages savings
  • Less complications

FAQs

You must have at least 3 directors and 7 shareholders. Nidhi Companies take a month time or longer for registration.
You can open a minimum of 3 branches in a district. If you plan to expand outside the district or want to open more than 3 branches, intimation must be issued a month prior to the Registrar of Companies.
Any person can become a member of the Nidhi company provided they are not a corporation or a company.
A Nidhi can accept deposits not more than 20 times of the net owned assets as per the last audited statements.

Why Venture Support?

With our team of experienced business counselors, you are just a phone call away to have all your queries answered and assist to process your venture.
Venture Support can register a Nidhi Company in 20 to 30 days, subjected to processing time for ROC.

Getting DSC & DIN

This is needed for the proposed Directors of the Nidhi Company. You can get DIN and DSC within 5 to 7 days.

Approval of name & license

Name approval takes about 3 to 5 working days.

Nidhi Company Registration

After the name gets approved, registration documents and application for registration are submitted to the MCA. MCA usually takes a time of 5 to 7 days which is subjected to their processing time.

Now, to get your business registered as a Nidhi Company using our service, fill the form.


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