Nidhi Company Registration

Enjoy the perks of registering a Nidhi Company in India like Limited Liability, easy access to loans and other benefits. Contact Taxxa to get started.

Rs. 29999 /- only
About Nidhi Nidhi Highlights Documents Required Nidhi Process

What is a Nidhi Company Registration ?

Nidhi Company is a type of Non-Banking Financial Company (NBFC) registered under the Companies Act 2013. It is registered with the Ministry of Corporate Affairs (MCA) and is regulated by the Reserve Bank of India (RBI). NIDHI companies are primarily engaged in the business of borrowing and lending money between its members.

Benefits of Nidhi Company Registration

The benefits of Nidhi company registration include:

  • Increased credibility and customer confidence
  • Ability to accept deposits from members
  • Access to loan funds from other members
  • Lower cost of borrowing as compared to other forms of borrowing
  • Easier access to capital for business operations
  • Tax benefits on profits and dividends
  • Improved liquidity for shareholders
  • Simplified legal compliance
Documents Required

The documents required for registering a Nidhi Company includes the following:

  • Application for Incorporating a Company (Form INC-1)
  • Consent of directors (Form DIR-2)
  • Declaration of compliance with conditions of incorporation (Form INC-7)
  • Articles of Association (AOA)
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Affidavit stating that all the requirements under the Companies Act, 2013 have been complied with
  • Proof of identity, address and recent passport size photograph of all directors
  • Board resolution for incorporation of company
  • Declaration of commencement of business (Form INC-20A)
  • List of directors and other particulars (Form INC-22)
How to choose a name?

Nidhi Company Name Format and Formulation

Unique Name

Depending on your specific jurisdiction, you may need to check that the name is not already taken. Checking trademark databases is one way to make sure your proposed name is not registered to another business. Additionally, you may need to check with the Secretary of State website for a given state to further ensure that your chosen name is not already taken.

Time Needed

The process of Nidhi Company registration can take anywhere between one to three weeks depending on the complexity of the case. The entire process can be completed in 3 steps:
Obtaining Digital Signature Certificate (DSC) and Director Identification Number (DIN).

Time Needed Steps

Filing of various forms related to company registration.

Certificate of Incorporation from the Registrar of Companies .

Once the process is completed, you will receive the certificate of incorporation, which will serve as a proof of registration

Process of Registration

To register a Nidhi Company, you will need to follow the following steps:

Process-1

  • Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN).
  • Apply for name approval with the Ministry of Corporate Affairs (MCA).
  • Prepare and submit the post-incorporation documents.

Process-2

  • Draft the Memorandum and Articles of Association (M&A).
  • File the e-forms with the MCA.
  • Obtain the Certificate of Incorporation (COI).

Process-3

  • Make the application for registration of a Nidhi company with the Regional Director (RD).
  • Publish a notice of the application in one English and one vernacular newspaper.

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