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What is Nidhi-Company-Registration ?

NIDHI stands for National Initiative for Developing and Harnessing Innovations. Nidhi Company is a type of Non-Banking Financial Company (NBFC). Nidhi Company performs the functions of lending and borrowing of money within its members where it works through its members only. Nidhi Company is mainly formed for developing the habit of savings among its members only for their mutual benefit. Nidhi Company is also called as a mutual benefit company.This company is registered under the Companies Act, 2013 and is managed, as per the RBI’s guidelines. All the transactions are performed by the company’s members only. Nidhi is the secure and the economical way of raising funds from the General public by registering them as members.Nidhi Companies are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds, and Mutual Benefit Company.

Procedure to Nidhi-Company-Registration
  • Select your package
  • Make Online Payment
  • Submission of Documents
  • Obtaining your DIN & DSC
  • Drafting MOA/AOA
  • Your Nidhi Company Registration is done.
Documents required for Nidhi-Company-Registration
  • PAN number of the Shareholders and Directors
  • Residential proof of the shareholders and directors.
  • Digital Signature Certificate of the Members and Directors.
  • Photographs
  • Identification Documents such as Aadhaar Card.
  • Proof of the registered place of business (Ownership documents/ rent or lease agreement)
  • No-Objection Certificate – (signed by the owner/ landlord).
  • Memorandum of Association of the company (MoA)
  • Articles of Association of the company (AoA)
Benefits of Nidhi Company Registration
  • Under section 406 of the Companies Act, 2013 this form of entity is formed as a mutual benefit society. Hence, the benefits are mainly for the members or shareholders of the entity.
  • The formation of a Nidhi company is a simple process.
  • Nidhi companies do not have to comply with the RBI regulations. This non-compliance gives the company freedom to inculcate better and different rules for its functioning.
  • Savings is an important practice to be inculcated in the individuals of all age groups of the society. This basic objective of Nidhi companies is to promote the culture of savings among the people of India. This objective makes the concept of Nidhi companies certain and trustworthy. A Nidhi Company enables its members to unlock the potential of their money and gain from lower interest rates when they require money themselves.
  • To form this entity there is a limited capital requirement. The primary reason for this form of registration is the limited capital requirement.
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