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Nidhi Company Registration in India

Register your NBFC company Online With LegalShark

are you planning to setup Non-Banking Financial Company (NBFC) in India. You need to register your financial business under company act 2013. Register your Nidhi Company online with LegalShark Easily.

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Nidhi Company Registration in India - Made Easy!

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A Nidhi Company is a specific type of Non-Banking Financial Company (NBFC) registered under the Companies Act, 2013, that promotes thrift and savings habits among its members. They primarily cater to a localized area and operate under specific regulations set by the Ministry of Corporate Affairs (MCA).

Benefits of Nidhi Company Registration:

A Nidhi Company offers numerous benefits, making it an attractive option for individuals looking to provide financial services within a community. Here are some key advantages:

  • Microfinance Focus: Nidhi Companies cater to underserved communities by offering microloans and savings products at competitive rates.
  • Local Operations: They operate within a specific geographical area, fostering trust and community development.
  • Regulatory Advantages: Nidhi Companies enjoy simplified regulations compared to other NBFCs.
  • Tax Benefits: They are eligible for certain tax exemptions on their income.
Private Limited Company Registration In Lucknow

Process for Nidhi Company Registration in India

Registering a Nidhi Company involves several steps. LegalShark makes registration process easy. You can get your NBFC registration in 15 days. Here’s a detailed guide to help you through the process

Registration Process For Nidhi Company

  • Obtain Digital Signature Certificate (DSC)

    The first step is to obtain a Digital Signature Certificate (DSC) for all proposed directors. The DSC is essential for signing electronic documents during the registration process.

  • Apply for Director Identification Number (DIN)

    Next, apply for a Director Identification Number (DIN) for all proposed directors. The DIN is a unique identification number required for anyone intending to become a director of a company.

  • Name Approval

    Choose a unique name for your Nidhi Company and apply for name approval through the Ministry of Corporate Affairs (MCA) portal. Ensure the name follows the guidelines set by the MCA.

  • Prepare and File Incorporation Documents

    Prepare the necessary documents for incorporation, including the Memorandum of Association (MOA) and Articles of Association (AOA). File these documents along with the application for incorporation through the MCA portal.

  • Apply for PAN and TAN

    Apply for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company.

  • Certificate of Incorporation

    Lorem ipsum dolor sit amet, consectetur adipisicing elit. Optio, neque qui velit. Magni dolorum quidem ipsam eligendi, totam, facilis Once the documents are verified and approved, the Registrar of Companies (ROC) issues a Certificate of Incorporation. This certificate confirms that your Nidhi Company is legally registered.

Certificate of incorporation

Minimum Requirements for Nidhi Company Registration

Documents Required for Nidhi Company Registration:

The following documents are needed for registering a Pvt Ltd company in India:

  • Director KYC Documents: PAN card, Aadhaar card, address proof, and passport-sized photographs for all directors.
  • Registered Office Proof: Ownership documents or rent agreement for the company's registered address.
  • No Objection Certificate (NOC): NOC from the property owner, if applicable.
  • Membership Details: KYC documents (PAN, Aadhaar) and photographs of all members.
pvt Ltd Company Registration in Lucknow by LegalShark

Why Chose LegalShark For Nidhi Company Registration in India?

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Success Stories with LegalShark

Client Reviews for LegalShark's Fast Nidhi Company registration Services

LegalShark made Nidhi Company registration a breeze! Thank you Nalini Ma'am for support.
Rupam Srivastva
NBFC Owner from Kanpur
I got my NBFC registration in 20 days from LegalShark. Very fast service and support is awesome.
Sadiya Anjum
Kolkata Business Owner
I am very happy with service of LegalShark. They made registration easy.
Ashok Kumar
Delhi, India
Frequently Asked Questions (FAQs)

A Nidhi Company is a type of NBFC that focuses on borrowing and lending money between its members.

No, a Nidhi Company can only accept deposits from its registered members.

The minimum paid-up equity share capital required is Rs. 5 lakhs.

Yes, the name should not be identical or similar to any existing company and should include the word “Nidhi Limited.”

The registration process typically takes 15-20 working days, depending on the completion and verification of documents.

 
  • Focus on Microfinance: Cater to underserved communities by offering micro loans and savings products.
  • Local Operations: Build trust and foster community development by operating within a specific area.
  • Simplified Regulations: Enjoy less complex regulations compared to other NBFCs.
  • Tax Advantages: Be eligible for certain tax benefits on your income.
Don't go through the registration process alone!

Contact us today for a free consultation and let our expertise empower your Nidhi Company vision.

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