Nidhi Company registration in India
No need to create a unstructured groups to allocate funds when you can register your own Nidhi company.
Pay just Rs. 99 and remaining payment when documentation begins.
No need to create a unstructured groups to allocate funds when you can register your own Nidhi company.
Pay just Rs. 99 and remaining payment when documentation begins.
Register Your Nidhi Company NowGet started @ ₹99
7 Digital Signature – 2 Year Validity
?Digital signature refers to the signature which is used for signing of e-forms by directors and subscribers. We will process and get you with class 3 DSC 2 years validity.
7 Director Identification Numbers
?DIN is a unique identification number received by directors from MCA. Generation of DIN of 7 directors.
Name Approval
?Get you company Name Reserved with MCA. Maximum two name can be proposed at a time and in case of resubmission 2 more name can be applied.
Company e-PAN & e-TAN
?Permanent Account Number (PAN) & Tax Deduction Account Number (TAN) generation of your company.
Memorandum of Association (MOA) & Articles of Association(AOA)
?MOA & AOA refers to the charter documents of company which provides for rules and byelaws.
Certificate of Incorporation (COI)
?Certificate of Incorporation of company is certificate which is provided by the MCA on successful approval of incorporation forms.
Call, Chat, Email Support
?Contact us at call, chat or mail for updates and guidance.
No hidden charges
?LEGALDISHA provides you transparency in charges. No hidden extra cost required.
Free Business Consultation By expert
?Get free business consultation from highly experienced experts team.
7 Digital Signature – 2 Year Validity
?Digital signature refers to the signature which is used for signing of e-forms by directors and subscribers. We will process and get you with class 3 DSC 2 years validity.
7 Director Identification Numbers
?DIN is a unique identification number received by directors from MCA. Generation of DIN of 7 directors.
Name Approval
?Get you company Name Reserved with MCA. Maximum two name can be proposed at a time and in case of resubmission 2 more name can be applied.
Company e-PAN & e-TAN
?Permanent Account Number (PAN) & Tax Deduction Account Number (TAN) generation of your company.
Memorandum of Association (MOA) & Articles of Association(AOA)
?MOA & AOA refers to the charter documents of company which provides for rules and byelaws.
Certificate of Incorporation (COI)
?Certificate of Incorporation of company is certificate which is provided by the MCA on successful approval of incorporation forms.
(INC-20A) Commencement of Business
?Form INC-20A is filed for Certificate of commencement of business by attaching the proof of subscribed amount being transferred to the bank account of company.
Call, Chat, Email Support
?Contact us at call, chat or mail for updates and guidance.
No hidden charges
?LEGALDISHA provides you transparency in charges. No hidden extra cost required.
Free Business Consultation By expert
?Get free business consultation from highly experienced experts team.
7 Digital Signature – 2 Year Validity
?Digital signature refers to the signature which is used for signing of e-forms by directors and subscribers. We will process and get you with class 3 DSC 2 years validity.
7 Director Identification Numbers
?DIN is a unique identification number received by directors from MCA. Generation of DIN of 7 directors
Name Approval
?Get you company Name Reserved with MCA. Maximum two name can be proposed at a time and in case of resubmission 2 more name can be applied.
Company e-PAN & e-TAN
?Permanent Account Number (PAN) & Tax Deduction Account Number (TAN) generation of your company.
Memorandum of Association (MOA) & Articles of Association(AOA)
?MOA & AOA refers to the charter documents of company which provides for rules and byelaws.
Certificate of Incorporation (COI)
?Certificate of Incorporation of company is certificate which is provided by the MCA on successful approval of incorporation forms.
(INC-20A) Commencement of Business
?Form INC-20A is filed for Certificate of commencement of business by attaching the proof of subscribed amount being transferred to the bank account of company.
GST Registration
?Get your business registered under GST to avail credit for the tax paid on business purchases.
Trademark Application & Objection Reply (if any)
?Trademark refers to registration of brand name for protection from infringement. We will provide you with trademark application filing of company name along with objection reply filing (if any). Package excludes hearing charges (if any).
Call, Chat, Email Support
?Contact us at call, chat or mail for updates and guidance.
No hidden charges
?LEGALDISHA provides you transparency in charges. No hidden extra cost required.
Free Business Consultation By expert
?Get free business consultation from highly experienced experts team.
1. Fill the form and make nominal payment
2. Our experts will collect and verify the necessary documents.
3. Make the balance payment.
4. Name reservation and processing and registering of DSC for directors on MCA.
5. Preparation and filing of incorporation application along with all the documents.
6. You will receive all the registration documents.
Passport size Photograph for each Directors/ Shareholders.
Self attested Latest Electricity Bill / Bank Statement with latest entries/ Telephone Bill / Mobile Bill.
Email ID & Mobile Number of directors and shareholders.
Nidhi Company is recognized as a type of Non-Banking Financial Company (NBFC). The formation of Nidhi company is mainly to borrow and lend money to its members. It works on the principle of mutual benefit and introduce the saving habit among its members. Nidhi Company isn’t required to receive any approval from Reserve Bank of India (RBI) thus it is easy to form. The registered Nidhi Company as a public company and must have “Nidhi Limited” at the end of its name.
Nidhi Company as per its nature of activity falls under the category of NBFC however does not require RBI approval.
Promoting the habit of saving amongst its member is the main objective of Nidhi company hence it is a certain and going concern business as the members will not stop savings.
Nidhi company is the safest route for lending loan. The loans granted to the members are at very low rates as compared to other providers.
Registration of Nidhi Company is very pocket-friendly. It does not require any approval of RBI which makes it cost effective as compared to other NBFCs.
Also RBI has exempted Nidhi Company from mandate to follow stringent compliances.
Registration of Nidhi company is very simple as compared to other types of finance companies like NBFC and the level of complexity is also minimal in Nidhi Company.
Check availability of proposed name and apply for reservation of name by submitting two proposed names in the Part-A of the SPICe+ form at a time.
DSC is mandatory for all the proposed directors and the subscribers of the Memorandum of Association (MoA) and Articles of Association (AoA). DSC for directors and members will be obtained and get it registered on MCA portal.
Application of incorporation shall be done by filing of forms, preparation of MOA(Memorandum of Association), AOA (Articles of Association), declarations and required attachments. Complete the forms.
Once the Form Filing is completed, then it is to be uploaded on MCA portal along with the payment of fees.
Registrar after satisfaction of completeness in documents and various compliances shall issue certificate of incorporation with PAN and TAN as allotted by the Income Tax Department. An electronic mail with a Certificate of Incorporation as an attachment along with PAN and TAN will also be sent to the applicant.
The word “Nidhi” in Nidhi Company denotes “treasure” which is originated from the Hindi vocabulary. Nidhi companies deals with their member – shareholders only. They are allowed to borrow from its members and lend to its members exclusively. Nidhi Company is an ideal legal entity to take a deposit from and lend to a specific group of people.
Thus, such companies are also referred as Mutual Benefit Societies because they work for the mutual benefit and welfare of all members.
Deposit under Nidhi-Nidhi company can accept 3 types of deposit. These are Savings, Fixed Deposit (FD), Recurring Deposit. Nidhi can deposit up to 20 times the funds invested.
Loan from Nidhi-Nidhi Companies can accept 3 types of securities for loans. These are Gold, Property, Others (LIC, Fixed Deposits, etc). Nidhi company can lend at up to 20% interest against security.
To register a Nidhi company in India at least 3 directors are required.
There is no maximum limit of number of shareholders in the incorporation of Nidhi company.
The company may starts with at least 7 members as a public limited company, but to obtain the Status of Nidhi Company at least 200 members is required within a year from date of incorporation for the grant of Nidhi Company Status.
The compliances required to be done after incorporating Nidhi Company within a period of one year from the commencement are as follows-
DIN refers to an 8 digit unique identification number allotted by Central Government to any individual, who is intending to get appointed as director or to any existing director of a company, for the purpose of his identification.
A Digital Signature refers to an electronic signature duly issued by certifying authority. It shows the authority of the person signing it. It is an equivalent of a written signature. Digital Signature Certificate is mandatory for every user who is required to sign an e-form for submission with MCA.
Separate legal entity means that company being a legal person is entirely distinct from its members. As said “People may come people may go, company remains forever”. Company is capable of contracting, possessing properties in its own name and also can sue and can be sued by others in its own name.
Yes, Nidhi Company registered in India required to have a registered office where all official communication received from MCA, governmental agencies, financial institutions, etc. The registered office of a company can be in any state of India.
No, the entire process of incorporation of Nidhi Company is online. You are only required to send the scanned copy of the required documents.
Once the filing of the documents and makes the necessary changes in the MoA and AoA filed. Finally when the process Incorporation of company is completed by providing Certificate of Registration of the company.
Any person who has completed 18 years can become a director in a company. Also, there are no restriction in relation to residency or citizenship. Therefore, NRIs and Foreign Nationals can easily start a private limited company in India.
No, Nidhi company is not eligible to issue unsecured loans instead it issues secured loans to its members.
