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Your Nidhi Company Now

Have an objective of developing the habit of thrift and reserve funds amongst its members? Nidhi Company is for you. Prices starting from INR 31999/- only.

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What is a Nidhi Company?


All you need to know

“Nidhi” is a Hindi word, which means finance or fund. Nidhi Company is incorporated with an intention to cultivate savings among members and to provide finance among members only. It is allowed to take loans from members and can lend to only members. Hence, it can not accept deposits or lend from/to non-members.

 

Though there are no separate registrations to be done under RBI for a Nidhi company, RBI is empowered to issue any directives to them. Nidhi Companies are as such exempted from main provisions otherwise applicable to an NBFC in India.  It requires minimum  7 members and 3 directors to start with. As a part of suffix, all such companies must append “Nidhi Limited” after its name.  Nidhi Company is very easy to form and there are minimum compliances afterward. You may visit here to know all about loans that Nidhi company can offer and interest rates that it can charge.

Registration Fees

Choose Your Package
ESSENTIAL
Rs.31999/-
(All Inclusive)
  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • 1 Name Approval Application under RUN
  • PAN
  • TAN
  • 25 Copies of MOA
  • 25 Copies Of AOA
  • 10 Copies of Share Certificate
  • Company Seal

ENHANCED
Rs.41999/-
(All Inclusive)
  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • 1 Name Approval Application under RUN
  • PAN
  • TAN
  • Share Allotment for upto 200 shareholders
  • 25 Copies of MOA
  • 25 Copies Of AOA
  • 10 Copies of Share Certificate
  • Company Seal

ULTIMATE
Rs.48399/-
(All Inclusive)
  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • 1 Name Approval Application under RUN
  • PAN
  • TAN
  • Share Allotment for upto 200 shareholders
  • 25 Copies of MOA
  • 25 Copies Of AOA
  • 10 Copies of Share Certificate
  • Company Seal
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)

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Advantages of Nidhi Company

Points to make your decision easy
Separate Legal Entity
A Nidhi Company enjoys the benefit of Separate Legal Identity in the eyes of law which clearly states that assets and liabilities of the business are not the assets and liabilities of the Directors.
Cultivates Savings
A Nidhi Co. encourages its members to save money and encourages a thrifty lifestyle. It is a company wherein members can lend or borrow money and accept financial loans amongst themselves.
Transferability
Interest in Nidhi Company can be easily transferred by transferring its shares. Its board of management is easily transferable as such.This is effected through filing of forms with ROC.
Cheap Borrowings
Members, when in need, can borrow from the company at bank rates. This can really come handy in case of need and rates are comparatively very cheap in comparison to other sources of finance.
Mutual Benefits
A Nidhi Company operates on principles of mutual benefits. No one member or a group of members get benefited. Nidhi Company allows right to every member to access credit facilities when in need.
Builds Credibility
All the information relating to the company are made available in a public database. This feature makes it easy to authenticate the existence of the business that ultimately helps in improving business credibility.

Document Required For Your Nidhi Company Now

  • Photograph of all the Directors and Members
  • PAN Card of all the Directors and Members
  • ID Proof of all the Directors and Members (Driving License/Passport/Voter ID)
  • Electricity Bill or any other utility bill for the address proof of the Registered Office

How to Form a Nidhi Company?

5 Easy Steps
 

1

Obtain DSC

2

Reserve Your Company Name

3

Submission of MOA & AOA

4

Get Company’s Incorporation Certificate

5

Get Company’s PAN & TAN

 
Fill a Simple Checklist
A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. Our expert team will verify documents and proceed with registration formalities. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of Company Registration.
Name Approval
Once you submit your documents along with Checklist, we will proceed with the application of your Digital Signature and subsequently name approval. You may give up to three names of your choice. Names should be unique and suggestive of Nidhi Company’s business. We will proceed with name approval through a form called “RUN” as prescribed by MCA. Name approval is received usually 1-2 days.
Company Registration
Once a name is approved, we will draft MOA (Memorandum of association) and AOA (Articles of association). We will file incorporation documents with MCA through a form called “SPICe” along with subscription statement. Usually, MCA approves the forms within 2-3 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.

FAQs On Nidhi Company

Get answers to all your queries
  What are the requirements of a Nidhi company incorporation?
A Nidhi company is registered as a Public Limited Company. Hence, the requirements for incorporation of a Nidhi company covered a minimum of three Directors and Seven Shareholders. However, the MOA of a Nidhi company must state that the primary objective of the proposed company is to nurture and promote a habit of thriftiness and savings among its members, and accept deposits from or lend loans only to its members, for the mutual benefits of them.
  Can I carry on my Nidhi company with 7 members?
Yes, you can incorporate your Nidhi company with 7 members at least. However, within 1 year, you must have at least 200 members.
  Can a Nidhi company lend to an outsider?
No, a Nidhi company can not borrow from an outsider. It can not similarly lend to an outsider who is a non-member.
About us

We facilitates and make sure to provide the best end to end incorporation services for all types of business. We, at Prompt Advisory also provide all kinds of legal, professional,management and advisory services to our client in India and Abroad, At prompt Advisory all the services are very quick,easy and affordable.

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