Nidhi Company Registration Online

A Nidhi company is a kind of organization in the Indian non-banking finance division, acknowledged below section 406 of the Companies Act, 2013. Their focus business is borrowing and loaning money among its members. This way, members (or shareholders) are inspired to conserve money and invest them inside the company. These deposits are then utilized by the company for its members (or shareholders), to grant loans or advances, and to acquire government-issued stocks/certificates/debentures/securities. It is managed by the Ministry of Corporate Affairs, while the RBI controls all its financial dealings.
Nidhi company implies a company incorporated with the object of improving the habit of thrift and reserve funds amongst its members and accepting deposits and lending to its members just for their common benefit.

Effortless Process to Register Nidhi Company

with pareekg.com

Enquire Now

ABOUT

What is a Nidhi Company?

A Nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between its members. This way, members (or shareholders) are encouraged to save money and invest them within the company. These deposits are then used by the company for its members (or shareholders), to provide loans or advances, and to acquire government-issued stocks/bonds/debentures/securities. It is regulated by the Ministry of Corporate Affairs, while the RBI monitors all its financial dealings.

Nidhi company means a company incorporated with the object of developing the habit of thrift and reserve funds amongst its members and receiving deposits and lending to its members only for their mutual benefit

What are the Nidhi Company rules and requirements?

Once the Nidhi Company is included it must fulfill the following conditions:
1. It must have at least 200 members/shareholders.
2. Minimum Net Owned Fund should be Rs. 10 Lakhs.
3. Unencumbered term deposit must be at least 10% of the term deposit.
4. The ratio of Net Owned Fund to term deposit should not be less than 1:20

download
Motivates Savings

It encourages all its members to save money and encourages a thrifty lifestyle. A Nidhi Company, after all, is a mutual benefit society wherein members can lend or borrow money and accept financial aid amongst them.

download (1)
Fewer Complications

Borrowing and lending to known persons, where the procedure is fixed, is much less complicated than dealing with banks or informal settings. A Nidhi Company enables its members to unlock the potential of their money and gain from lower interest rates when they require money themselves. 

download (2)
No RBI Regulations – less compliance

By its nature of the activity, Nidhi Company comes under the category of NBFC but does not require RBI approval. These companies follow Nidhi Rules, 2014, issued in respect of the company’s activity and working. RBI has exempted Nidhi Company from following stringent compliances, so you don’t need to be in rush-n- hush as RBI will not bother if you are starting a Nidhi Company in India.

download (3)
Cheaper To Borrow

As a member, one can borrow money at a minimum rate, relative to the rate at which banks lend money. This can be a significant advantage in times of need, as different individuals in the mutual benefit society are likely to need funds at different points in time.

Registration Process Flow

With Pareek G, it is refreshingly simple to register your company online. Here’s what you need to do:

1-2 HOURS
Select Package

Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.

2 WORKING DAYS
Obtain Digital Signatures

We will help you apply for the MoA after obtaining digitalsignatures from the sole promoter and the nominee for processing the incorporation. 

2 WORKING DAYS
Get Your Name Approved

We will help you identify unique names, and get them approved by filing the RUN form. 

1-2 HOURS
Final Document Submission

Company incorporation documents will be submitted tothe Ministry of Corporate Affairs (MCA) and approval is granted by the Registrar of Companies (ROC).

DOCUMENTS REQUIRED

Minimum criteria

  • Minimum of three directors.
  • Minimum of seven shareholders.
  • A minimum equity share capital of Rs 5 lakhs.

Documents for Directors

  • Self Attested Copy of Pan Card.
  • Self Attested copy of Aadhaar Card / Passport / Driving License / Voter Identity Card
  • Passport size photograph
  • Self Attested Copy of Bank Statement /Telephone Bill / Mobile Bill

Documents required to register office

  • No-Objection letter from the Owner of Address to use the
    address of the registered office of the Company.
  • Electricity Bill/Telephone Bill /Gas Bill/ Water Bill
    -To be signed by the of the Owner of Premises

PRICING

Basic Package

Save upto-10% cost on this package

₹ 34,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
BUY NOW

Growth Package

Save upto-20% cost on this package

₹ 44,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
BUY NOW

Premium

Save upto-30% cost on this package

₹ 59,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital upto-1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Trademark Registration
  • 1month free GST filing
  • NDA
  • Guideline for Startup India Registration.
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
BUY NOW

FAQs on Nidhi Company

A Nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between its members.
A minimum equity share capital of Rs 5 lakhs is needed for the registration of a Nidhi company.
A Nidhi company requires a minimum of three directors for company registration in India.
A Nidhi company requires a minimum of eight shareholders for company registration in India.
Any person can deposit, lend, or borrow money through the Companies Act’s provisions, 2013. Hence, they can all become members of a Nidhi Company, provided they are not a corporation or a company.
Working with a trusted company like PareekG can ensure that you don’t have to worry about your documents falling into the wrong hands. Our executives can ensure that your registration process is simple and smooth.
pareekg.com can incorporate a Nidhi Company for in 20-30 days. The time taken for registration will depend on submitting relevant documents by the client and the speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
It should acquire a minimum of 200 members within one year of commencement.
The conditions laid down by the Act says that a Nidhi Company should acquire a minimum of 200 members within its first year of incorporation. However, in case the company is not able to meet the required numbers, it can apply for an extension with the necessary government authorities.
Yes, Nidhi company in India can open a current account. In fact, Nidhi Co-Operative Bank Ltd is one of the very famous banks in India with many branches across different locations that presents you with all the facilities and advantages of a Current Account.
Yes, The aim of incorporating a Nidhi Company is to increase savings as well as prudence amongst its members.
A Nidhi company is regulated by the Ministry of Corporate Affairs and it also helps in providing the Nidhi company plan.