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Nidhi Company Overview

Nidhi Companies are registered Limited Companies involved in taking deposits and lending to their members. The activities of a Nidhi Company does fall under the purview of Reserve Bank of India, as it is similar to an NBFC. However, as Nidhi Companies ONLY deal with shareholder-members money, RBI has exempted Nidhi Companies from the core provisions of the RBI and other regulations applicable to an NBFC.

6 Reasons to choose Nidhi Company

Registering as a Nidhi Company offers many benefits. It helps:

01
Exemptions and Privileges under the Companies Act, 2013
02
Relaxation in Compliances
03
Easy Transfer of Ownership
04
Tax Benefits
05
Doesn’t need an RBI license to operate
06
Clear Objectives for easy donations and loans

Nidhi Company registration
made easy!

Here’s everything you need to know:

At least seven members –three should be designated as the directors.

It should acquire a minimum of 200 members within one year of commencement.

Minimum Share Capital Requirement is ₹5,00,000

Net Owned Funds (NOF) must be increased to Rs 10 lakhs within a year of registration.

At least 10% of its outstanding deposits should comprise un-encumbered term deposits

The prescribed NOF to deposits ratio should be 1:20, where 10% of the total deposits are in a fixed deposit account of a nationalized bank.

Director's Documents

Director's PAN

Director's ID Proofs

Aadhaar Card or Voter ID or Passport or Driver's License

Address Proofs:

Latest one month Savings Bank statement or

Latest Telephone Bill on his own name or

Latest Moblie Bill on his name or

Latest Electricity Bill on his own name.

Director's latest passport size photograph

Director's Email ids

Incase of Foreign directors, International Passport is mandatory

Company Documents

Registered Office Address Proof: Latest Power Bill

No-objection letter from the Landlord.

Rental Agreement from the landlord if the premises are rented.

Company email id.

Step 1: Reservation of Company’s Name

Step 2: Collection of Directors and Company reg office docs

Step 3: Procuring Digital Signature Certificate

Step 4: Writing MoA & AOA

Step 5: Application for the Incorporation of Company

Step 6: Approval of Company registration

LLP

Step 1: Reservation of LLP’s Name

Step 2: Collection of Partners and LLP reg office docs

Step 3: Procuring Digital Signature Certificate

Step 4: Application for the Incorporation of LLP

Step 5: Approval of LLP registration

Step 6: Writing LLP Deed

Step 7: Filing of LLP Deed

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Nattukkottai Paradaise Biriyani

I had great pleasure in indulging in business with Bizpole. The whole process of registration went by with ease with the help of their team. Very satisfied with the team at Bizpole.

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I found the team at Bizpole very approachable and friendly. My trademarks are registered at the lowest charges possible. Can’t thank the team at Bizpole enough!

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