Our Packages


SILVER

53000 /-


















  • Company Incorporation
  • +
  • Assistance Opening of Bank Account
  • +
  • PAN CARD
  • +
  • TAN
  • +
  • 50 copies of MOA & AOA,
  • +
  • Share Certificates
  • +
  • Minutes of 1 year BM & General Meeting
















gold

94999 /-














  • Company Incorporation
  • +
  • Assistance Opening of Bank Account
  • +
  • PAN CARD
  • +
  • TAN
  • +
  • 100 Copies of MOA & AOA
  • +
  • Share Certificate up to 200 Shareholders
  • +
  • Minutes of 1 year BM & General Meeting
  • +
  • Trademark Registration(exclusive of govt fees)
  • +
  • ISO Registration(exclusive of govt fees)











platinum

114999 /-

  • Company Incorporation
  • +
  • Assistance Opening of Bank Account
  • +
  • PAN CARD
  • +
  • TAN
  • +
  • 100 Copies of MOA & AOA
  • +
  • Share Certificate up to 200 Shareholders
  • +
  • Minutes of 1 year BM & General Meeting
  • +
  • Service tax registration(exclusive of govt fees)
  • +
  • Sales Tax Registration(exclusive of govt fees)
  • +
  • Trademark Registration(exclusive of govt fees)
  • +
  • ISO Registration(exclusive of govt fees)
  • +
  • Annual filing for 1 year(exclusive of govt fees)
  • +
  • One Year Retainership
  • +
  • Stamping of Share Certificates (Excluding the Government fees for stamping)

Nidhi Company


Nidhi is a Hindi word, which means finance or fund. Nidhi Company is one of the categories of Non-Banking Financial Company (NBFC) that does not require any Reserve Bank license. The Nidhi Company is very easy and cheap to form to register. Hence, this is the main reason as to why the Nidhi Company is so famous between the business communities

The main thrust to register Nidhi Company in India is to promote the saving habits among its members for their mutual benefits.

Nidhi Company has following features:

  • Public Company: It has to be registered as a public company.
  • Capital: Minimum paid up equity share capital shall be of Rs. 5 Lakh.
  • Object: Nidhi shall have object of promoting the habit savings amongst its members in its MOA.
  • Minimum Members: It must not have less than 200 members.

Why Nidhi Company:

  • If you want to start your business in financing industries, then it is the best vehicle to kick start your plan.
  • Though Nidhi Company comes under the broad category of NBFCs (Non-banking Financial Companies), yet it is exempted from stringent regulatory compliances, which otherwise you have to follow if you start NBFCs.
  • It is beneficial to raise money within tightly-knit groups.
  • Since Nidhi company gives a loan to its members, only if members provide some sort securities such as Gold, silver, jewellery, properties or any type of financial securities e.g. FD receipts, National Saving Certificates (NSCs) etc., so this mechanism protects the risk if some members fail to pay back money borrowed.

 

Documents required to incorporate Nidhi Companies in India:

Following are the documents required for company incorporation for each director/ shareholder

    • Self attested PAN card copy.
    • Four Photographs.
    • Self attested copy of any one of the Identity Proof like Driving License, Passport, Voter ID &Adhaar Card
    • Self attested copy of any one of the Address Proof like Bank Pass Book/ Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill
    • Company Address proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill, AND Rent Agreement (if rented) AND NOC for doing Business & for taking Registration.

 

Minimum Requirement before Incorporation

1. Minimum 7 shareholders
2. Minimum 3 Directors
3. Minimum capital of 10 lacs
4. DIN of all Directors

Maximum Requirement after Incorporation

1. Minimum number of 200 shareholders
2. Net owned fund shall not be less than Rs.10 Lacs
3. Unencumbered deposit of not less than 10% of the outstanding deposits
4. Net owned funds to deposits ratio should be more than 1:20

Every Nidhi Company shall have the above requirement after one year of its incorporation. If the company fails to fulfil the requirements, then such company is prohibited from accepting any more financial deposit.

Why Nidhi Company?


SEPARATE LEGAL ENTITY

A Nidhi company is a legal entity and a juristic person established under the Act. Therefore, a Nidhi company has wide legal capacity and can own property and also incur debts. The members (Directors) of a Nidhi company have no liability to the creditors of a Nidhi company.

PERPETUAL SUCCESSION

A company has perpetual succession i.e. continued or uninterrupted existence until it is legally dissolved. Death, insolvency and insanity etc of any of the member does not affect the continuity of the company.

LIMITED LIABILITY

Limited Liability means the status of being legally responsible only to a limited amount for liabilities of the Nidhi company. In a Nidhi Company, the members are not held personally responsible for the liabilities of the Nidhi company.

Steps to Get Process


4 Steps to get incorporated. We'll email you at different points in the process or you can check the status of your order anytime in our Online Status Centre.

Step 1

We ensure that all the information provided during the order process meets the requirements for registering a Nidhi Company. We'll contact you before we prepare the application, in case of issues.

Step 2

We conduct a preliminary name check to see name availabily with Registrar of Companies & Registrar of Trademarks. Final name approval shall be granted by the Registrar of Companies.

Step 3

We prepare incorporation documents and file it on the MCA Portal. Processing times vary upon state to state, but can be fulfilled within 3-5 business days with expedited service.

Step 4

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.

FREQUENTLY ASKED QUESTION


No, Trust or Body Corporate can not be admitted as a member of Nidhi Company.
Nidhi Company can not issue preference shares, and If preference shares had been issued by a Nidhi before the commencement of Companies Act, 2013, then such preference shares shall be paid back to preference shareholder in accordance with the terms of issue of such shares.
No, A minor shall not be admitted as a member of Nidhi but deposits may be accepted in the name of a minor, if they are made by the natural or legal guardian who is a member of Nidhi.
Finlegalforte.com can incorporate a Nidhi Limited Company typically in 30-40 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.
Yes, after acquiring DIN/DPIN an NRI or Foreign national can become a designated partner in Nidhi Company. However, at least one of the Directors of Nidhi Company must be a Resident of India.

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