• Aanoor Global Corporate Solutions Pvt Ltd.

Nidhi Company Registration

Are you ready for registering your new company?

The complete solutions for incorporating a Nidhi company which includes the issue of shares, acquiring Nidhi status, and incorporation of Nidhi company incorporation!

The Nidhi company rules are simple with Aanoorglobal.

What is included in our Nidhi Company formation?

(Includes)

  • DIN for three directors
  • Name search and approval
  • ROC registration fees
  • Digital signature for three directors
  • MOA/AOA
  • Company PAN Card.

Get Started Nidhi Company Registration?

What is Nidhi Company?

A Non-banking financial company (NBFS) that does not need any license from the RBI is Nidhi Company. It’s cheap and easy to fill the form and registration is easier. Anybody can incorporate a Nidhi company as there is no background check; there is no prescribed qualification for the creditors. Nidhi companies can only deal with their members and not others.

What are the concerns related to Nidhi Company?

  • Amateurs usually lead Nidhi companies & professional managers cannot be hired because of the lack of funds.
  • As Nidhi companies do not require License from the RBI, people get afraid to deposit on it.
  • Highly dependent on the honesty, integrity and loyalty of members and workers.

Benefits of Nidhi Company Registration:

  • Easy transfer of ownership.
  • No Stamp duty.
  • Easy to manager.
  • Relaxation in compliances.
  • No minimum share capital needs.
  • Tax benefits.
  • No need to use Limited or Nidhi title.

Minimum requirements for Nidhi company registration:

Before Incorporation:

  • Minimum 3 directors, seven shareholders and capital of Rs 10 lakhs.
  • DIN for all directors.

After Incorporation:

  • The net owned fund shall not be less than Rs 10 lakhs.
  • Net owned funds to deposit ratio need to be higher than 1:20
  • Minimum number of 200 shareholders
  • Unencumbered deposits of not less than 10% of the outstanding deposits.

Documents required for Nidhi Company Formation:

  • The director’s passport size photographs.
  • Copy of rent agreement.
  • Copy of property papers
  • Copy of director’s PAN card.
  • Copy of voter identity or Aadhar card of directors.
  • Water or electricity bill of the business place.
  • Landlord NOC.

How to register a Nidhi company?

Application of DPIN and DSC:

The partner needs to apply for DPIN and DSC for Nidhi Company. The DSC is one of the online signatures used for filing and Directors PIN is issued by MCA. If the directors hold both DPIN and DSC, you can go to the next step.

Approving your business name:

You need to give at least three different name options, and the MCA will be choosing any of the names you have provided for Nidhi Company. The names given need to be suggestive and unique of company business.

AOA and MOA submissions:

Once your business name is approved, you need to draft Articles of Association and Memorandum of association. You need to make sure the Nidhi company object should be a charitable object. Both AOA and MOA are filed with MCA with the statement of subscription.

Obtain an incorporation certificate:

A Nidhi company can be formed within 15 to 25 days, and you will be able to start the business once you get the incorporation certificate. It is proof that the company has been created and the CIN number is also one important thing included in it.

Apply for TAN, Bank account, and PAN:

Once you have got your incorporation certificate, you need to apply for TAN and PAN. Both will be received within seven working days.