Nidhi Company Registration

    Nidhi Company Registration Ideal for Small Banking Business Rs. 15,899/- All inclusive Duration : 8 to 15 Days

    Nidhi Company Registration

    Nidhi Company is a company registered under the Companies Act, 2013, which has a sole objective ofcultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to take deposit from itsmembers 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 isempowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognitionof the fact that these Nidhis deal with their shareholder-members only, RBI has exempted the notified Nidhis from thecore provisions of the RBI Act and other directions applicable to NBFCs. Therefore, Nidhi Company is an ideal entity totake deposit from and lend to a specific group of people.

    Frequently Asked Question

    • Identity and Address Proof
      Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In the case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarized copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than a month old.
    • Registered Office Address Proof
      All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

    Understanding Nidhi Companies. ... However, unlike NBFCs and BankingCompanies a Nidhi company does not require a license from the Reserve Bank of India (RBI) to operate. A Nidhi Company works through its members. Any person who is a member of a Nidhi can make deposits and borrow or take loans when need be.

    Nidhi Company is one of the categories of Non-Banking Financial Company (NBFC) which does not require any Reserve Bank of India (RBI) license. Nidhi Company works through its members. It can accept deposits and lends loans to its members only.

    Nidhi Company is not allowed to do microfinance business or in other words, Nidhi Company is not allowed to provide unsecured loans to its members. Nidhi Company can only lend a secured loan that too only to its members.

    A minimum of 3 directors and 7 shareholders are required to register a Nidhi company in India.

    An address in India where the registered office of the Company will be situated is required. The premises can be a commercial/industrial/ residential where communication from the MCA will be received.
    No, you will not have to be present at our office or appear at any office for the registration of a Nidhi Company.All the documents can be scanned and sent through email to our office. Some documents will also have to becouriered to our office.
    A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposedNidhi Company.
    Director Identification Number is a unique identification number assigned to all existing and proposed directors of a Company. It is mandatory for all present or proposed Directors to have a Director identification number. Director Identification Number never expires and a person can have only one Director identification number.