Nidhi Company is a company registered under the Companies Act, 2013, which has a sole objective of cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to take deposit from its members 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 is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these Nidhis deal with their shareholder-members only, RBI has exempted the notified Nidhis from the core provisions of the RBI Act and other directions applicable to NBFCs. Therefore, Nidhi Company is an ideal entity to take deposit from and lend to a specific group of people.
"If you are not satisfied for any reason, we will refund your money minus the Government fees. No questions asked"
All-inclusive fees
All-inclusive fees
NIDHI COMPANY REGISTRATIONVenture-Care can register a Nidhi Company in 20 to 30 days, subject to ROC processing time. Get Started |
OBTAINING DSC & DINDigital Signature Certificate (DSC) and Director Identification Number (DIN) are required for the proposed Directors of the Nidhi Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days. Get Started |
NAME APPROVAL & LICENSEOnce DIN and DSC are available for at least three Directors, application for reservation of name for Nidhi company can be made to MCA. Name approval can be obtained in 3 to 5 working days. Get Started |
NIDHI COMPANY REGISTRATIONOnce the name approval is obtained, registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time. Get Started |
"Scanned Copy of the Following Documents has to be Provided by the Promoters of the Company"
A minimum of three directors are required to establish a Nidhi Company and the maximum amount cannot exceed beyond fifteen.
No,both are same things where Company formation is the process of of a business.,which is sometimes referred to as company registration.
Registering your company as a private limited company steps are
> First (DSC)* that is Digital Signature Certificate must be obtained & then DIN*
> After that Name Availability & Form SPICE INC-32 MOA and AOA
> The Last one is to PAN and TAN Application
There following 4 steps only which has to follow for company formation
> Procure Digital Signature Certificate
> Obtain Director Identification Number
> Reservation of Name
> Certificate of Incorporation
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Limited risk to personal assets: The shareholders of a private limited company have limited liability.
Legal Entity : This means that the Company is responsible for the management of its assets and liabilities, debtors and creditors.
Raising Capital: Even though registering a PLC comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity, expand and at the same time limits the liability.
The minimum authorized capital to start should be Rs. 500000(US $7549 approx) and it can be increased to any amount(no upper limit). This money is deposited in your company bank account at your disposal.
Once a Company is incorporated, within a period of one year from the commencement, the Nidhi Company must meet all of the following criteria:
Not have less than two hundred members (Shareholders)
Have Net Owned Funds (NOF) of ten lakh rupees or more
Have unencumbered term deposits of not less than ten per cent of the outstanding deposits
Have a ratio of Net Owned Funds to deposits of not more than 1:20
It usually takes 35-45 working days to register a Nidhi Company.
Yes, the company incorporation process is online. You can email / upload us the required documents.
Yes, the company incorporation process is online. You can email / upload us the required documents.
The documents requirements are as follows:
Pan Card
ID proof- Any one (Voter ID / Aadhar Card / Driving License / Passport)
Address Proof- Any one (Electricity Bill / Telephone Bill / Mobile Bill / Bank Statement)
Yes, a salaried person become a director, there are no legal bondages in this but you may have to go through with your employement agreement if it contains any restrictions on doing so.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.
No, You can open a company to your residential address there is no requirement to have a commercial place to open up a company
For Registered Office Address
Rent agreement along with latest rent receipt (in case the premises are rented)
House tax receipts (in case premises are owned)
Electricity bill
NOC from the Owner (Format will be shared once your company name approved)
No, as per the restriction mentioned in the Nidhi rules no nidhi company can do the business of asset financing.
Nidhi company that has to be incorporated under this Act shall be a Public ... All about Registration of Charge under Companies Act, 2013.
The nidhi companies in India are formed, governed, and regulated by the Section 406 of the new Indian Companies Act of 2013, the Companies (Nidhi Companies) Rules of 2014, and the Chapter XXVI of the Companies Rules, 2014.
First ensure the name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if the name is not a registered trademark taken by anybody under the IP act. Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, technosoft, IT consultancy. Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, Technosoft, IT consultancy.
