DOCUMENTS REQUIRED FOR INCORPORATING A NIDHI LIMITED ONLINE
Duly scanned copies of the following documents are required to be submitted to the assigned expert
PHOTO
For All the Directors & Shareholdersnu2663u00a0Latest Passport size Photo
IDENTITY PROOF
For All the Directors & Shareholdersnu2663u00a0PAN Card
ADDRESS PROOF
For All the Directors & Shareholdernu2663u00a0Aadhar Card/Driving License/Election ID/Passport u00a0
REGISTERED OFFICE
For Office in Indianu2663 Proof of Property (Registry Proof /Rent Agreement/House Tax Receipt) u2663u00a0Latest Utility Bills (Electricity Bill/Gas Bill/Mobile Bill/Telephone Bill)
REGISTER YOUR NIDHI LIMITED IN JUST 15 DAYS
Register a Nidhi Limited from anywhere in India in just 4 steps
PROVIDE DOCUMENTS
You need to provide Scanned Documents only. It is an 100% online procedure which requires no physical visit to any statutory authority
CHOOSE A NAME
We help you choose 4 Company names in the order of your preference. Our experts try to get the preferred name approved.
SIGN DOCUMENTS
All the requisite documents will be prepared in 2 working days which will require your signatures
COMPANY INCORPORATION
On Approval of your company from ROC, you get your company’s Certificate of Incorporation, PAN and TAN
Step Wise Breakdown of 15 days process
1 -15
Getting DSC & DIN
3 - 15
NAME APPROVAL
12 - 15
Final Form Filing
15 - 15
Certificate of Incorporation
WHY TO OPT FOR REGISTERING A NIDHI LIMITED
Nidhi Company is a recommended business entity for NBFCs which are incorporated to promote habit of thrift and provide easy lending and deposits of funds amongst its members.
RECOGNITION
Nidhi company is registered with the Ministry of Corporate Affairs, According to Companies act,2013 hence it is recognized to have a higher credibility and a better legal standing amongst mutual benefit organizations monitored by State Governments.
PURPOSE
The aim of a Nidhi Company is to provide secured investment to lower and middle classes at a very low rate of interest. The sole purpose is to lend and accept deposits to/from its members only.
EASE OF TRANSFERABILITY
Nidhi Company is managed by directors and shareholders. It can be easily transferred by altering the composition of Board of Directors according to the provisions of its MOA and AOA
NO MINIMUM CAPITAL CONTRIBUTION
There is no statutory limit of minimum capital contribution to incorporate a Nidhi Company in India. However, you can not initiate with any amount not less than Re.1 per shareholder.
FREQUENTLY ASKED QUESTIONS
What business activities cannot be conducted by a Nidhi Company?
Nidhi companies are restricted to carry out any business activity apart from lending and accepting funds from its members. However, they are strictly prohibited from engaging in any of the following business:
Chit Funds
Lease Finance
Insurance
Hire purchase Finance
Acquisition of securities of other Body Corporates
what are the statutory conditions for Registering a Nidhi Company in India?
. There are certain statutory conditions which need to be adhered to both before and after incorporation of such companies.
Before incorporation, a Nidhi Company should have
A minimum of 7 shareholders
A minimum of 3 directors
Post registration of the Nidhi Company, it should have
Net owned funds of not less than Rs.100 lakh rupees.
A minimum of 200 members/shareholders
Unencumbered term deposits of not less than 10% of outstanding deposits
Ratio of Net Owned Funds to deposits of not more than 1:20.
What are the restrictions on a Nidhi Company?
A Nidhi company has certain restrictions, they cannot
Issue any securities to its members
Open a Current account with its members
Advertise for soliciting deposits
Pay any incentive or brokerage for mobilizing fund infusion.
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