Nidhi Company Registration
₹ 29999 /-
₹ 24999 /-
Nidhi Company Registration
Are you getting set to start a finance business without investing a lot of money? The Nidhi firm is the greatest option if you said yes to the question. Nidhi Company is an example of a Non-Banking Financial Company (NBFC), which is a great option for people wishing to save money and lead responsible commercial and personal lives. Therefore, it is usually preferable to register a Nidhi company online.
Our Features in Nidhi Company Registration
Accepts term deposits for timely returns.
Easy source for members to borrow money with security.
500
Clients
10
CA/CS
4.9
Customer Rating
99.9
Customer's Satisfaction
Nidhi Company Registration in India
The Nidhi registration process is quick and uncomplicated, however it is always advisable to seek professional guidance and assistance while filling out some complex documents to avoid running out of time. The steps to incorporate a Nidhi firm in India are as follows.
Promotes Savings
This kind of company promotes frugality and financial responsibility among all of its shareholders or members. A Nidhi licence is simply a mutual benefit organisation in which members can lend and borrow money as well as provide financial assistance to one another.
Cheaper To Borrow Money
When compared to the interest rate that banks charge for loans, members can borrow money at a lower rate. This is one of the biggest benefits in emergency situations since different members of the company or mutual benefit organization are likely to need money at different times.
Checklist Nidhi company registration online in India
Things that Nidhi Companies cannot do as a Non-Banking Financial Company (NBFC)
Micro Banking
This kind of company promotes frugality and financial responsibility among all of its shareholders or members. A Nidhi license is simply a mutual benefit organization in which members can lend and borrow money as well as provide financial assistance to one another.
Fewer Complications
When opposed to bank procedures or informal settings, the borrowing and lending process to known individuals is fixed and far less complicated.
Nidhi Company Registration
Nidhi Company's Mandatory Compliances
NDH-1
Nidhi Company must fill out this form and submit the list of its members within the allotted 90 days after the fiscal year's end.
NDH-2
If a Nidhi Company is unable to add 200 members in its first fiscal year and want to request an extension, they can do so using this form.
NDH-3
A Nidhi Company is also required to submit a half-yearly return in NDH 3 Form in addition to the forms mentioned with proofs.
Annual Returns With ROC
Nidhi Company must submit Form MGT-7, an annual return, to the Ministry of the Corporate Affairs about business every year.
Profit, Loss And Balance Sheet
Must include financial statements and other pertinent documentation in Form AOC-4 for Nidhi Company registration in India.
Income Tax Returns
File annual returns in the following financial year by September 30 is must for Nidhi, like the rest of the companies
Nidhi Company Online Registration Procedure
Step 1
Obtaining Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the company's directors.
Step 2
Selecting the distinctive name and Getting the obtaining name approval for the given certificate.
Step 3
Drafting and submitting the MoA & AoA along with the subscription statement to the Registrar of Companies (ROC).
Step 4
Obtaining the certificate of incorporation (CIN), which takes between 15 to 25 days, is the fourth step.
Step 5
The company must apply for a PAN and TAN, which typically takes 7 working days to get.
Step 6
The MoA, AoA, Certificate of Incorporation, and PAN of the firm must be shown to the bank in order to open a bank account.
Tax and GST Filing Service
One of the best Fast and Secure Online Tax Filing Service in Hosur
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Frequently Asked Questions
The DSC is nothing but a Digital Signature Certificate issued by certifying authorities (TCS and n-Code) using that certificate you can sign electronic documents. As all documents need a DSC to start up a Private Limited company in India.
No, a convicted person is not allowed to become a director or shareholder of a Nidhi Company.
ID proofs, address proof for the registered office, address proofs, and most recent bank statements are the main paperwork requirements for Nidhi Company Registration.
At least three directors and seven shareholders are required for a Nidhi Company registration.
A Nidhi Company must be incorporated within roughly 15 business working days.
Yes, the Deposits with such companies are safe and secure because the Ministry of Corporate Affairs and Reserve Bank of India has framed rules and regulations to ensure the safety and security of Deposits. The Nidhi Company compulsorily abide by the rules of Central Government.
Any person who is above 18 years of age as per the standard age proof can become a member of the Nidhi Companies. The person desirous of becoming a member should have valid ID Proof and Address Proof.
Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewelry or any type of financial securities against the loan.
There should be a minimum of 3 directors to form a Nidhi Limited Company, out of which at least 1 director should be a permanent resident of India.
A Nidhi Limited company is a legal entity and is established as distinct person under the Act. It is treated as a different person which can own a property and have debts or creditors. The members, directors, shareholders of a company have no liability to creditors of a company in case the company is unable to pay the debts.
