A Nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members.[2] They are also known as Permanent Fund, Benefit Funds, Quasi Bank, Mutual Benefit Funds and Mutual Benefit Company. They are regulated by Ministry of Corporate Affairs, which is also empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit.
Members required to form a Nidhi company- 7.
Minimum Capital requirement for registration of Nidhi company- 10 Lakhs.
Documents Required:
- PAN and Photo- of all members.
- ID Proof- Any of the following: Aadhaar card, voter ID, Driving license & passport- of all members.
- Address proof- Any of the following: Bank statement, Mobile bill, Electricity bill, Landline bill- of all members.
- Registered office proof- Electricity bill/rent agreement and copy of No objection certificate.
Our Services:
- Digital Signature Certificate (DSC) of 7 members.
- Director Identification Number (DIN).
- Name Approval.
- MOA, AOA and Certificate of Incorporation.
- Stamp Duty of the Respective State.
- PAN and Tan of company.
- CA Certifications.
- Professional guidance.
- Goods and Service Tax (GST) registration.
Company Registration Cost in India 12,000/-
