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
Fill out the application form
Interest on loan
Nidhi Company can earn max 20% interest on loan on reducing balance method
Fill out the application form
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
- PAN & Photo PAN & photo are required for each & every director & shareholder in India.
- ID Proof Anyone of the following: Aadhaar card, voter ID, Driving license & passport.
- Address Proof Anyone of the following: Bank statement, Mobile bill, Electricity bill, Landline bill.
- Registered Office Electricity bill/rent agreement and copy of No objection certificate
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.
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
Nidhi Company
- Digital Signatures (Two Directors)
- DIN Of Directors
- Filing of Spice form
- Issue of Incorporation Certificate along with PAN and TAN
- Memorandum of Association
- Articles of Association
- Provisional PF ESI Registration
- Government fees included
- MSME Registration of your company
- Approval License from Central Govrnment