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ADVANTAGES OF NIDHI COMPANY REGISTRATION

Separate Legal Entity

A Nidhi company is a legal entity and a juristic person established under the Act. Therefore, a Nidhi company has wide legal capacity and can own property and also incur debts. The members (Directors) of a Nidhi company have no liability to the creditors of a Nidhi company.

Uninterrupted Existence

A Nidhi company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A Nidhi company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

Better Credibility

A Nidhi company enjoys better credibility when compared to Mutual Benefit Organizations. Nidhi companies are registered and monitored by the Central Government. Mutual Benefits Organization are on the other hand governed and monitored by State Governments.



Easy Management

The Board of Management of a Nidhi company can be easily changed by filing simple forms with the Registrar of Companies. The Board of Management of a Nidhi company controls the activities of the Nidhi Company.

Going Concern

A Nidhi company being a juristic person, can acquire, own, enjoy and alienate property in its own name. No member can make any claim upon the property of the Nidhi Company as long as it is a going concern.

Limited Liability

Limited Liability means the status of being legally responsible only to a limited amount for liabilities of the Nidhi Company. In a Nidhi Company, the members are not held personally responsible for the liabilities of the Nidhi Company

SIMPLE & TRANSPARENT PRICING

"If you are not satisfied for any reason, we will refund your money minus the Government fees.
No questions asked"

Business Package


All inclusive fees

Nidhi company registration with PAN and TAN.


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Executive Package


All inclusive fees

Nidhi company registration with PAN, TAN and share issuance for upto 100 shareholders.

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Premium Package


All inclusive fees

Nidhi company registration with PAN, TAN, share issuance for up to 100 shareholders and Nidhi status filing.

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DOCUMENTS REQUIRED FOR THE PROCESS

"Scanned Copy of the Following Documents has to be Provided by the Promoters of the Company"

PAN card copy with Self attestation.

Latest passport size photo in jpg.

Copy of No objection certificate from the owner of the property.

If owned property, copy of Sale Deed and Electricity bill is sufficient.

Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.

Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.

Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.

For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.

In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.

FAQs

  • What is a Nidhi Company?

    "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 benefits.

  • How many Directors are required in Nidhi Company?

    A minimum of three directors are required to establish a Nidhi Company and the maximum amount cannot exceed beyond fifteen.

  • How much money do I need to start a Nidhi Company?

    The minimum authorized capital to start should be Rs. 500000(US $7549 approx) and it can be increased to any amount(no upper limit). This money is deposited in your company bank account at your disposal.

  • When do I get the status "Nidhi" approved?

    Once a Company is incorporated, within a period of one year from the commencement, the Nidhi Company must meet all of the following criteria:
    Not have less than two hundred members (Shareholders)
    Have Net Owned Funds (NOF) of ten lakh rupees or more
    Have unencumbered term deposits of not less than ten per cent of the outstanding deposits
    Have a ratio of Net Owned Funds to deposits of not more than 1:20

  • How long does it take to register a company?

    It usually takes 35-45 working days to register a Nidhi Company.

  • Your company is in Delhi / NCR, I am in a different state. Can I still register a company?

    Yes, the company incorporation process is online. You can email / upload us the required documents.

  • Can another Company be a shareholder in Nidhi Limited Company?

    Yes, the company incorporation process is online. You can email / upload us the required documents.

  • What are the documents required to open a Nidhi Company?

    The documents requirements are as follows:
    Pan Card
    ID proof- Any one (Voter ID / Aadhar Card / Driving License / Passport)
    Address Proof- Any one (Electricity Bill / Telephone Bill / Mobile Bill / Bank Statement)

  • Can a Salaried person become the director in Nidhi company?

    Yes, a salaried person become a director, there are no legal bondages in this but you may have to go through with your employement agreement if it contains any restrictions on doing so.

  • How long is the company valid for?

    Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

  • Is an office required to open a company?

    No, You can open a company to your residential address there is no requirement to have a commercial place to open up a company For Registered Office Address
    Rent agreement along with latest rent receipt (in case the premises are rented)
    House tax receipts (in case premises are owned)
    Electricity bill
    NOC from the Owner (Format will be shared once your company name approved)

  • Can I open an Asset finance company by opening a Nidhi Limited?

    No, as per the restriction mentioned in the Nidhi rules no nidhi company can do the busienss of asset financing.

  • How do I choose name for Nidhi Company?

    First ensure the name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if the name is not a registered trademark taken by anybody under the IP act. Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, technosoft, IT consultancy.
    Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives.
    While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, Technosoft, IT consultancy.

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