Starting a Nidhi Company in India Register Nidhi Company Online, Nidhi Company Registration Process

1
What is a Nidhi Company?
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A Nidhi company is one that belongs to the
non-banking Indian finance sector and is
recognized under section 406 of the Companies
Act, 2013. Their core business is borrowing and
lending money between their members. They are
also known as Permanent Fund, Benefit Funds,
Mutual Benefit Funds and Mutual Benefit Company.
They are regulated by Ministry of Corporate
Affairs. Reserve Bank of India is empowered to
issue directions to them in matters relating to
their deposit acceptance activities. However, in
recognition of the fact that these companies deal
with their shareholder-members only. Nidhi means
a company which has been Nidhi Company
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 only for their mutual
benefit.Navika India Nidhi Limited is one of the
best Nidhi Company in india Nidhi companies
existed even prior to the existence of companies
Act 2013. The basic concept of nidhi is
Principle of Mutuality These companies are more
popular in South India, and 80 of Nidhi
companies are located in Tamil Nadu. What is the
requirement for registration of a Nidhi
company? Nidhi is a Hindi word, which means
finance or fund. Nidhi means a company which 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 only for their mutual
benefit. Nidhi company registration requires
minimum 3 members. All the Nidhi companys
incorporated shall have the last word as Nidhi
Limited as part of its name. Nidhi company is
easy and economical to register. Nidhi company
registration can be done through LegalRaasta in
Delhi NCR, Mumbai, Bengaluru, Chennai and other
Indian cities.
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• Nidhi Company requires minimum 3 members. It
  might not issue preference share. If preference
  shares have already been issued by a Nidhi
  Company before initiation of this Act, such
  preference shares are to be redeemed in
  accordance with the terms of issue of such
  shares. All the Nidhi companys incorporated that
  is company formation in india shall have the
  last word as Nidhi Limited as part of its name.
  Nidhi Company Registration is done through
  Legalraasta.
• Which Documents required for registration??
• Proof of the registered place of business
  (Ownership documents/ rent or lease agreement)
• No Objection Certificate (signed by the owner/
  landlord)
• Identity proofs
• Address proofs of the members
• Photos of the members
• PAN card copies of the members
• Digital Signature (DSC)
• Director Identification Number (DIN) of the
  directors
• Memorandum of Association of the company (MoA)
• Articles of Association of the company (AoA)
• The process of Registration of Nidhi Company
• Usually, Nidhi Company Registration Process takes
  up to 45 days, Registration of a Nidhi Company
  consists the following steps
• Minimum 7 Members and 3 Directors will be
  required to start the Incorporation of Nidhi
  Limited.
• Apply for DIN and DSC.
• After getting the DIN and DSC, file an
  application in INC-1 to MCA for reservation of
  name of Nidhi Company.

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• Once the name is approved, Prepare Memorandum of
  association and Articles of Association
  according to Nidhi objects and all other required
  documents carefully.
• Apply for Incorporation.
• Get Incorporation Certificate.
• Apply for PAN and TAN
• Venture Care can help you guide through the
  process for Nidhi Company or Need of Nidhi
  Company registrationeasily also helps in the
  Business Valuation Services
• If you have any query please comment in the
  comment box below or call us on
• 020 65363633
• Private Limited Company registrationin India
• companies incorporated or Company formation in
  India are registered as a Private Limited
  Companies in india.
• Private limited company is the most popular
  corporate entity amongst small, medium and large
  businesses in India due to various advantages.

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