Nidhi Limited Company
Registration

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  • NIDHI COMPANY REGISTRATION
    12499/- + GOVT FEES

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What is a Nidhi Limited Company – An overview?

A Nidhi Limited company is a type of public company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013 and their rules. The core business of LLP is borrowing and lending money between their members. Nidhi Company is permanent funds, mutual benefit funds, mutual benefit companies, and benefit funds. In simple words, Nidhi means a company that has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members or shareholders only for their mutual benefit.

Nidhi Limited company registration online is simple and less complex as compared to other types of finance companies like NBFC which require an RBI license to start. A Nidhi Company can be started with an initial capital of Rs.5 lakh and requires at least seven people to start with (a minimum of 7 members). Nidhi Limited company registration also requires three directors initially. Every promoter or director/shareholder needs a copy of PAN card, ID proof, and address proof to apply for a Nidhi company in India. Limited company

Why you should incorporate company as a Nidhi Limited Company?

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No RBI Approval

The Benefit of Nidhi Company Incorporation is that, it does not require to take prior approval from RBI to start its loan business. Thus, the Comapny can start its business as soon as it incorporates.

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In a Nidhi Limited Company Registration, the Company, Directors, and its Shareholders are considered as Separate Legal entities, thus shielding from personal liability and protection from other risks and losses.

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Nidhi Limited Company enjoys the benefit of having a steady income in the form of Interest income. Also, Nidhi Company can earn Interest up to 20% P.a.

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A company has ‘perpetual succession’, that is continued or uninterrupted existence unless it is legally dissolved. So that Nidhi Company members may come members may go but company can go forever.

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Proffs Tax is the best Online business consultancy for help to Company Registration Experts in India will help you with your Nidhi Limited Company Registration Online in a quick and easy process.

  • First and foremost, we will apply for your Digital Signature Certificate (DSC) and Director Identification Number (DIN)
  • Choosing a Unique Name for your Company.
  • Preparing required Nidhi Company registration documents.
  • Filing e-forms with MCA.
  • Allotment of COI. Congratulations, your Nidhi Bank Registration is now complete.

Once the incorporation is completed, you can open a Current Bank Account at any of your nearest bank by submitting a copy of your Company’s COI, MOA, AOA PAN, and Board Resolution and all these documents provided by Proffs Tax team.

After Nidhi Company registration and within 180 days, there are some other annual compliances that need to be required. These compliances are compulsory by the MCA department so then after completing that annual compliance you really want to work and grow their business. If in case of non-compliance, some penalty may also be levied but, don’t worry. The proffstax team has reminded you to be on time.

Proffs Tax is the best Online business consultancy for help to Company Registration Experts in India who will help you with your Nidhi Limited Company Registration Online in a quick and easy process.

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