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Nidhi company registration

Market Price: ₹22999
Kudos Price: ₹19999 incl. all
You Save: ₹3000
Government Fee: Included
Complete By*: 30-04-2024

Register a Nidhi company online in 6 Days with Kudos Startup .
 

Check Package
Market Price: ₹29499
Kudos Price: ₹25999 incl. all
You Save: ₹3500
Government Fee: Included
Complete By*: 30-04-2024

Register a Nidhi company online in 6 Days with Kudos Startup .
 

Check Package
Market Price: ₹59999
Kudos Price: ₹55999 incl. all
You Save: ₹4000
Government Fee: Included
Complete By*: 30-04-2024

Register a Nidhi company online in 6 Days with Kudos Startup .
 

Check Package

Nidhi Company Registration

Want to start a finance or loan business without a huge investment? Then nothing will suit you better than a Nidhi Company Registration. Register a Nidhi company in India to enjoy easy affordability in your loan business. Kudos startup helps you to register your loan business in easy and simple steps.

What is a Nidhi Company?

Nidhi company is the best option for entrepreneurs looking for a loan or finance business startup in India. Nidhi Company ensures acceptance and lending of money from and to its members (shareholders). The money can be deposited or blended only by the shareholders. Thus, Nidhi company promotes savings amongst shareholders.

Under the provisions of the Companies Act 2013, Nidhi Company Registration is a process to incorporate a type of NBFC, Nidhi company. NBFC is also known as a Mutual Benefit Finance Company. Registering a Nidhi Company not only cultivates the saving habit but also makes you eligible for specific exemptions in respect of annual compliances and taxation. Nidhi companies also known as Nidhi banks can foster for the transactions within the restricted scope of work and only with the registered members.

Benefits of a Nidhi Company Registration

Nidhi Company offers several benefits to your finance/ loan business:

Easy Formation:

Nidhi Company dost does not demand any complex registration process. Right from the beginning, the registration here requires minimal documentation that completes the registration in a week or two. Furthermore, Kudos Startup makes the incorporation easier.

Limited Liability:

Just like other business startups, Nidhi Companies also enjoy Limited Liability benefits. In the case or any loss or debt, the members are not personally liable. Thus, the liability of the members or shareholders is limited.

Minimal Guidelines:

As per the Nidhi Rules, 2014, Nidhi Company has to abide by few guidelines imposed by RBI. Although the rule is in the hand of the Central Government, Nidhi company rarely has to follow any strict regulations. Thus, enjoys the least government intervention.

Perpetual succession:

Nidhi Company enjoys perpetual succession thus continues until legally dissolved. The span is not affected by its members or shareholders.

High Value:

Nidhi Company is highly recommended in a developing country like India. Being an ongoing concern, a Nidhi Company allows saving to any age group. right from a child to an old, anyone can invest in a Nidhi Company.

Pre-requisites to Register a Nidhi Company

To register a Nidhi Company following documents are required:

  • Directors: Minimum 3
  • Members: Minimum- 7
  • Capital requirement: Minimum Rs 5 Lakh
  • DIN for Directors

Nidhi Company Registration - Documents Required

Following documents are mandatory for Nidhi Company Registration:

  • Copy of Directors Pan card
  • Identity proof of every directors and shareholder
  • Passport size photos of the directors
  • Electricity bill or other utility bills (as address proof)
  • Aadhaar Card of Directors and Shareholders
  • Address proof of the directors and shareholders
  • In case of rented property: Rent agreement copy
  • NOC from the Landlord (in case of rented property)
  • Copy of Property papers

What Nidhi Companies are NOT entitled to do?

Nidhi Companies are not entitled to:

  • Invite or accept deposits from outsiders
  • Engage in leasing or Chit funds business
  • Lotteries
  • Engage in any business other than lending or borrowing to its members
  • Open the current account with its members
  • Enter into a partnership arrangement
  • Insurance business
  • Issue securities viz. preference shares, debentures or any other debt instruments
  • Accept or lend of deposits from corporate
  • Mobilize any deposits, pay fee, commission or incentive
  • Pay brokerage amount for granting loans to the members
  • Hire-purchase finances

Compliances After Nidhi Company Registration

  • NDH 1: Submit the list of all the members of your Nidhi Company within 90 days at the closure of the financial year.
  • NDH 2: In this form, A Nidhi Company can request MCA for an extension, in the case is unable to add 200 members in its first financial year.
  • NDH 3: A Nidhi Company is also supposed to file a half-yearly return in this Form.
  • Annual Returns With ROC: A Nidhi Company must file an annual return with MCA through MGT-7.
  • Profit, Loss, And Balance Sheet: It is compulsory for a Nidhi Company has to submit financial statements and other related documents in Form AOC-4, .
  • Income Tax Returns: Just like other companies, a Nidhi Company has to file annual returns in the following financial year by September 30.

How does KUDOS STARTUP help in Nidhi Company Registration?

To get your Nidhi Company registered you just need to:

  • Fill our form
  • You will receive our call
  • Submit the required documents
  • You are done
  • Receive receivables at your doorsteps

You will get the receivable on the address given by you.

Pricing

Basic

₹19,999
  • 7 Class 2 Digital Signature
  • 3 Director Identification Number (DIN)
  • 1 Run Name Approval
  • 15 Lakh Authorized Capital
  • Incorporation Fees
  • Stamp Duty note
  • Incorporation Certificate
  • PAN & TAN
  • ESI & PF Registration
  • MSME Registration
  • GST Registration
  • Company Incorporation Kit
  • Hard-copy Share Certificates
  • Current Account Opening
  • Online Payment Gateway
  • Documents & Resolutions
  • Commencement of Business Certificate
Get started

Growing

₹25,999
  • 7 Class 2 Digital Signature
  • 3 Director Identification Number (DIN)
  • 1 Run Name Approval
  • 15 Lakh Authorized Capital
  • Incorporation Fees
  • Stamp Duty note
  • Incorporation Certificate
  • PAN & TAN
  • ESI & PF Registration
  • MSME Registration
  • GST Registration
  • Company Incorporation Kit
  • Hard-copy Share Certificates
  • Current Account Opening
  • Online Payment Gateway
  • Documents & Resolutions
  • Commencement of Business Certificate
  • Trademark Application Filing
Get started

Premium

₹55,999
  • 7 Class 2 Digital Signature
  • 3 Director Identification Number (DIN)
  • 1 Run Name Approval
  • 15 Lakh Authorized Capital
  • Incorporation Fees
  • Stamp Duty note
  • Incorporation Certificate
  • PAN & TAN
  • ESI & PF Registration
  • MSME Registration
  • GST Registration
  • Company Incorporation Kit
  • Hard-copy Share Certificates
  • Current Account Opening
  • Online Payment Gateway
  • Documents & Resolutions
  • Commencement of Business Certificate
  • Financial Statement Preparation
  • Board Resolution Preparation
  • MCA Annual Return Filing
  • Income Tax Return Filing
  • Monitoring of Accounts
  • 1 Year Dedicated Compliance Manager Support

FAQ's

  • What is Nidhi Company Registration?
    The Nidhi Company is registered as a Public Limited Company as per Companies Act 2013. It allows to borrow money from its members and lend to its members only. The objective of Nidhi Company is to cultivate the habit of thrift and savings among its members only.
  • Nidhi Company can only be registered as a public limited Company with minimum capital of Rs 5 lakhs.
  • A minimum capital of Rs 5 lakhs, three directors and seven shareholders are required to register a Nidhi company in India.
  • A nidhi company is a type of company recognized under section 406 of the Companies Act, 2013. The core business of Nidhi company is borrowing and lending money among its members.
  • Nidhi Company is a kind of Non-Banking Financial Company (NBFC) which does not require any approval or license from RBI. The Nidhi Rules 2014 of Companies Act 2013 as notified by the Ministry of Corporate Affairs are only required to be comply by the registered Nidhi companies.
  • No, Nidhi Company is not allowed to engage itself into any kind of microfinance business in India. It can only borrow money from its members and lend to them as per the norms set out in Nidhi Rules ,2014. Micro finance business are NBFC which requires Approval/ License from RBI to operate.

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