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Nidhi Company

Nidhi Company is categorized as non-banking finance firms and considered to be an excellent option for entrepreneurs aspiring for a financially economical venture.

Digital Filings can help you in…:

 Arranging the Digital Signature Certificate (DSC) and Director Identification Number (DIN);

 Picking a unique name and getting it approved from Ministry of Corporate Affairs (MCA);

 Registering the Directors with MCA;

 Getting Certificate of Incorporation;

 Obtaining the required approvals from the RBI.

From INR 34,899/- all inclusive fees; 12 Months* EMI@INR 3,116/-

Understanding Nidhi Company

Registered under the Section 204 of Companies Act, 2013 and primarily controlled by the Central Government, Nidhi Company enables receiving and lending of funds between the core-members / shareholders, thus promoting a sense of savings and thrift among them.

Nidhi Company is a classified as a Non Banking Financial Company (NBFC), while RBI owns the authority to issue directives to its members with matters relating to acquiring and lending of deposits.

Nidhi company can deal directly with its shareholders / members who can borrow and / or lend money to a specific group of people complying with the guidance of RBI’s Company Rules 2014. The types of Nidhi Company, include permanent funds, mutual benefit funds, a mutual benefit company, and benefit funds.

Key-Advantages of Nidhi Company

Continuous Existence

Preferred Credibility

Property Ownership

Economical Borrowings

Less Complicated

Distinct Entity

Easy to Manage

Distinct Entity

Nidhi Company is a separate legal entity and juristic person established under the Company’s Act and thus, it enjoys a wider legal capacity as well as can own property and incur debts. Members in a Nidhi Company are not personally liable to the Company’s creditors.

Easy to Manage

A Designated Board of Management controls and manages a Nidhi Company, while the Board’s structure can easily be modified by simply filling relevant forms at the Registrar of Companies (RoC).

Property Ownership

Since Nidhi Company has its own legal identity, it can acquire, buy, or sale property in its own name, while any of the members cannot claim their rights on the Company’s properties.

Uninterrupted Existence

Nidhi Company enjoys perpetual succession as it remains operational until it is legally dissolved and continues to exist irrespective of any change in its membership. Moreover, being a distinct legal entity, it is not affected by the death or departure of any of the member.

Economical Borrowings

Nidhi Company enables its members to lend or borrow money and accept financial aid among them self therefore, a member can borrow money at a lesser interest rate than the lending rates of banks.

Less Complicated

In Nidhi Company borrowing and lending happens between known persons through a fixed procedure, therefore, it is less complicated than dealing with banks or in an informal setting.

Preferred Credibility

Nidhi Company ensures better credibility as it is managed, controlled, and registered by the Central government.

Required Documentation Chart

Indian Resident

To be Submitted by Directors / Shareholders

  • Self Attested and Scanned copy of PAN Card or Passport
  • Self Attested and Scanned copy of Voter’s ID / Passport / Driver’s License
  • Self Attested and Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)*
  • Specimen signature (blank document with signature)

For the Registered Office

  • Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)*
  • Scanned copy of Notarized Rental Agreement in English
  • Scanned copy of No-Objection Certificate from the property owner
  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

* Valid and Recent (less than 2-months)

Note: Registered office can be a commercial building, rented space, or even a residence, while in case of rented space, the no object certificate (NOC) from the landlord is required to be obtained) 
Non-Resident Indian / Foreign Resident

To be Submitted by Directors / Shareholders

  • Notarized and Scanned copy of Passport**
  • Notarized and Scanned copy of Passport / Driver’s License**
  • Notarized and Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)*
  • Specimen signature (blank document with signature)

**Documents to be apostilled if the director is from a Commonwealth country.

For the Registered Office

  • Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)*
  • Scanned copy of Notarized Rental Agreement in English
  • Scanned copy of No-Objection Certificate from the property owner
  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

* Valid and Recent (less than 2-months)

Note: Registered office can be a commercial building, rented space, or even a residence, while in case of rented space, the no object certificate (NOC) from the landlord is required to be obtained) 

Connect to Our Experts Today!

Seasoned team of our vendor partners can effectively get your Nidhi Company registered and timely make it operational…
…so that you can manage and control your business, focusing on your mission critical tasks and proudly watching it Grow!

What People Frequently Ask…

What is the number of people required to register a Nidhi Company?

Minimum of three directors and seven shareholders are required to register a Nidhi Company in India.

What are the requirements to become a Director / Member?

A Director needs to be a natural person over 18 years of age.

Do the Directors / Members need to be present in person to incorporate a Nidhi Company?

No it is not required for the members to present physically. All documents can be scanned and sent through email to the RoC’s office.

Can a Nidhi Company expand its operations to other places?

Yes, Nidhi Company can expand its operations and allowed to open a minimum of three branches in a particular district. In case you want to expand outside the district or want to open more than three branches, intimation needs to be issued 30 days prior to opening to the RoC.

For how long is the registration of Nidhi Company valid?

Once the company has been incorporated it will be active and in existence as long as the annual compliance are met regularly.

What is the minimum number of shareholder required in one year of incorporation?

Nidhi Company must have a minimum 200 shareholders in one year of its incorporation.

Does DIN expires?

All the directors need to have DIN and one person can have only one DIN, but it never expires.

How much equity capital required to form a Nidhi Company?

Nidhi Company must have an equity share capital of INR 5 Lac on inception. This entire amount must be paid-up. Moreover, 10% of the total deposit collected from members must be in a fixed deposit in a nationalized bank.

Pocket-Friendly Options

How we Do It…

Digital Filings can help you register the Nidhi Company in about 20–30 business days, depending on processing time of the relevant authorities.

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Getting Started

Partners at Digital Fillings will help in getting the DSC and DIN for all the proposed Directors of the Nidhi Company that takes about 5-7 business days.

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The Name Game

Post getting the DSC and DIN approvals (of at-least three Directors), we will search and apply for a unique Company name to the MCA, which takes nearly 3-5 working days.

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And its Done

Once the company’s name is approved, relevant registration documents will be submitted to the MCA along with application for registration. Subject to the required processing time, MCA will approve the incorporation application in 5-7 working days.

Our Patrons’ Speak

team-3“Heartfelt thank you for proficiently taking care of all the registration related tasks and letting me focus on my business operation without any stress.”

Srinivasan

team-3“Highly impressed by the personal attention of the professional staff in getting the GST registration done and arranging the MSME certification for my business.”

Hari

team-3“Thank you Digital Filings for all your professional and timely support in getting my company registered.”

Sachin Gupta

team-3“I never thought it would be so easy to get my proprietorship firm registered. Thank you team Digital Filings. I will refer your proficient services to my friends too.”

Pawan

team-3“Thank you for simplifying the so complicated filing and documentation and getting my business smoothly registered.”

Amit

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Every Partner at Digital Filings is Focused...
...to Provide a Comprehensive Legal Assistance Mechanism...
...Diligently Customized for Emerging Entrepreneurs!

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Digital Filings is a leading business and legal services provider in India, assisting entrepreneurs in effectively and economically setting-up and managing their venture. Digital Filings consistently ensures that your venture is always compliant, so you can efficiently focus on making your business ascend.

Our strong network of proficient partners thoroughly understands the business specific regulatory/legal requirements and is focused to assist business owners at every stage of their venture.

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