Nidhi Company

All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name.

What is a Nidhi Company?

Under Section 406 of Companies Act, 2013, “Nidhi” means a Company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with such rules as are prescribed by the Central Government for regulation of such class of companies.

All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name.

Necessary Document For Registration

DIGITAL SIGNATURE CERTIFICATE

One color photograph (Pass Port Size)
Identity proof
Current resident address proof

DIRECTOR IDENTIFICATION NUMBER

Form DIR-3 needs to be filed for making application for allotment of DIN

ID proof of the applicant.
Address proof of the applicant.
One color photograph of the applicant.

NAME AVAILABILITY

Details of the applicant
Details of the promoters
Objects of the proposed company
Particulars of proposed directors
Particulars about proposed names(maximum 6 names can be given in order of preference)

INCORPORATION

Identity proof of all the subscribers PAN card (mandatory) and any one of the following:

Aadhar Card
Passport
Voter Identity Card
Driving License

Residential address proof of all the subscribers

Bank Statement
Telephone Bill
Mobile Bill
Electricity Bill

If the subscriber is a foreign national, proof of nationality shall be attached

Proof of Registered Office address (not older than two months)

Telephone Bill
Electricity Bill
Mobile Bill

Advantages of Nidhi Company

Tax Benefits
Clear objectives for easy donations and loans
Easy to manage
Exemptions and Privileges under Companies Act, 2013
Relaxations in Compliance

Minimum Requirement for Nidhi Company post Incorporation

Minimum number of 200 Shareholders
Net Owned Fund shall not be less than Rs. 10 lakhs
Unencumbered deposits of not less than 10% of outstanding deposits
Net Owned Fund deposits ratio should be more than 1:20

Minimum Requirement for Nidhi Company prior to Incorporation

Minimum 7 Shareholders
Minimum 3 Directors
DIN for all directors
Minimum Capital of Rs.10 lakhs

Nidhi Company

Get in touch

What is a Nidhi Company?

What we will provide you in our package?

You Just Need To Follow These Steps

Send us your requirement

We Will send you a form which you need to fill

Rest we will take care