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Nidhi Company registration is a crucial step in establishing your business. Our experienced team simplifies the process, ensuring compliance with legal requirements. We handle documentation, filing, and coordination with authorities, enabling you to focus on your core operations. Trust us for a seamless and efficient Nidhi company registration experience.

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Nidhi Company registration including Government Fee and Incorporation kit.

Market Price: ₹25,899

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Frequently Asked Questions

What is a Nidhi company in India?
A Nidhi company is a type of non-banking financial institution (NBFC) that is specifically regulated by the Ministry of Corporate Affairs (MCA) in India. It is primarily formed for the purpose of cultivating the habit of thrift and savings among its members and providing them with mutual financial assistance.
How does a Nidhi company differ from other NBFCs?
Unlike other NBFCs, a Nidhi company primarily deals with its shareholders or members and operates on the principle of mutual benefit. It can accept deposits and provide loans only to its members, thereby fostering a culture of savings and cooperative credit within the community it serves.
What are the eligibility criteria for starting a Nidhi company?
To start a Nidhi company in India, certain conditions must be met. The key eligibility criteria include having a minimum of 200 members within one year of incorporation, a minimum net owned fund of INR 10 lakhs, a registered office address, and a clear objective of cultivating the habit of thrift and savings among members.
What are the main activities permitted for a Nidhi company?
Nidhi companies are primarily engaged in a set of specified activities, including accepting deposits and providing loans to their members. They can also provide other financial services such as locker facilities, fixed deposits, recurring deposits, and issue savings schemes, subject to the regulations set by the MCA.
Is Private Limited Incorporation to be renewed every year?
No, Private Limited Incorporation does not need to be renewed every year. Once a private limited company is incorporated and registered, it does not require renewal on an annual basis. The company continues to exist until it is voluntarily dissolved or struck off the official register. However, it is important to fulfill annual compliance requirements. These ongoing obligations ensure that the company remains compliant with the legal and regulatory framework.
Can the office address of a Nidhi company be changed after incorporation?
Yes, the office address of a Nidhi company can be changed after incorporation. Companies often need to change their office address due to various reasons such as relocation, expansion, or business requirements.

In general, the steps to change the office address involve notifying the appropriate authorities and updating the company’s official records.

What are the regulatory compliances for Nidhi companies in India?
Nidhi companies are subject to various regulatory compliances to ensure transparency, accountability, and protection of members’ interests. Some of the important compliances include timely filing of annual financial statements and returns, maintenance of deposit reserve funds, adhering to deposit and lending limits, conducting annual general meetings, and complying with other regulations prescribed by the MCA.
Advantages of Nidhi Company
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Easy Access to Credit

One of the significant advantages of a Nidhi company is that it provides its members with easy access to credit. Members can avail loans and financial assistance at reasonable interest rates without going through the extensive documentation and stringent criteria typically associated with traditional financial institutions.
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Mutual Benefit

Nidhi companies operate on the principle of mutual benefit. Since they primarily serve their members, the focus is on meeting the financial needs and requirements of the members themselves. This cooperative approach fosters a sense of trust and belonging within the community, enabling members to collectively benefit from the services offered by the Nidhi company.
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Encourages Savings and Thrift

Nidhi companies are specifically established to promote the habit of thrift and savings among their members. By creating a platform for members to deposit their savings and earn interest on them, Nidhi companies encourage individuals to cultivate a disciplined approach towards saving and financial planning.
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Limited Regulatory Compliance

Compared to other types of NBFCs, Nidhi companies have relatively simpler regulatory requirements. They are subject to the regulations and compliances prescribed by the Ministry of Corporate Affairs (MCA) in India. These regulations are designed to ensure the transparency and protection of members’ interests, but they are generally less complex and burdensome compared to full-fledged NBFCs, making it easier to operate a Nidhi company.

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