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Nidhi Company

No more delays or difficulties!

Lowest fees across India

Minimum capital to start Rs. 10,00,000/-

Instant access to Nidhi Software & Compliance’s

Nidhi Company - An Overview

Do you want to start a finance/loan business in India? Then you are at right stage because Nidhi Company is the most easy and affordable way to start loan business in India. It only requires 7 person with easy documents requirement to start the Nidhi Company. The minimum capital requirement for Nidhi Company registration is Rs. 10 Lakh.

 

Necessary to file NDH-4 form within 120 days of Incorporation to declare the company as Nidhi company by making Net owned fund to Rs. 20 Lakh and Minimum 200 Members in company.

 

Nidhi Company can only do business of accepting deposit and lending money to its members only. It cannot deal with the public directly and can only work with its members. However, one can easily make members under Nidhi Company with few documents and easy process. Also, Nidhi Company registration is the only form of company available to start the loan company in India without RBI approval.

What is Nidhi Company - Key features

To understand the meaning of Nidhi Company in a best possible way, is to understand through its features. Nidhi Company is basically a finance company which can accept deposit from members and lend the same money to its members. Nidhi Company mainly earns through interest on loans and its main expenditure is to pay interest on deposits (FD, RD and savings).

Lowest Price

Nidhi Company Registration at just Rs. 16,999/- (lowest price across web)

No RBI Requirement

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Interest on loan

Nidhi Company can earn max 20% interest on loan on reducing balance method

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Nidhi Company can accept FD, RD & savings and can earn 12% rate of interest

Branches for Nidhi

Nidhi Company can open 3 branches after 3 years within the district

Loan against security

Nidhi Company can lend only against gold, property, FD, Govt securities

Dealer Certificate

Nidhi Company can deal with its members only & has to make min 200 members within 4 months of incorporation

No Microfinance in Nidhi

Nidhi Company cannot do micro finance business & vehicle finance business

Obtain DSC

Apply for the DIN

Application for the name availability

Submission of MoA and AoA to register a private limited company

Apply for the PAN and TAN of the company

RoC issues a certificate of incorporation with a PAN and TAN

Documents Required for Nidhi Company Registration

Frequently Asked Questions

The parts of NIDHI COMPANY must be opened when it has earned a net profit after tax ceaselessly during three preceding years. After the time of three years is elapsed the Nidhi company can open up to 3 branches in the local area. It can possibly open its branches only when it has presented a budget summary with the registrar.

Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewellery or any type of financial securities against the loan.

When a company gets incorporated, it is active and in-presence for whatever length of time that the yearly compliances are met with normally.

Any person who is above 18 years of age as per the standard age proof can become a member of the Nidhi Companies. The person desirous of becoming a member should have valid ID Proof and Address Proof.

Nidhi Company Registration

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