Nidhi Company
It is an NBFC (non-banking finance company) that is registered under Section 406 of the Companies Act of 2013. The main business of such a corporation is to facilitate money lending among the company’s core members. This encourages members (or owners) to save money and invest it in the company. These funds are then utilised by the company to give loans and advances to its members (or shareholders), as well as to purchase government-issued stocks, bonds, debentures, and securities. The Ministry of Corporate Affairs regulates it, while the Reserve Bank of India oversees all of its financial transactions.
Register a Company in 5 Easy Steps
Obtaining DIN and DSC
We will supply you with both a "DSC and DPIN" after you submit your documents.
Approval of a Name
The proposed names must be distinct from those of other firms that have already been registered
MoA and AoA
The MoA and AoA must be filed with the subscription statement with the ROC (Registrar of Companies).
Certificate of Incorporation (CIN)
Forming a Nidhi company and receiving an incorporation certificate might take anywhere from 15 to 25 days.
Your Company is Registered
Finally, you must apply for both a "PAN" and a "TAN." Within 7 working days
Document Required for Nidhi Company registrations
- Passport Photographs of all the directors in various sizes.
- All of the designated directors and stockholders must show verification of their identity. (A valid PAN card and passport are required.)
- All directors and members must provide proof of address (Ration Card, Aadhaar Card, Passport, Voter ID, and Utility Bill – electricity, water, and mobile).
- Proof of the company’s address. Check to see if the address evidence is more than two months old.
- A copy of the title papers (if the property is owned).
- The owner’s NOC (No-Objection-Certificate) (if the property is rented).
Advantages
1. Borrowing Is Less Expensive
As a member, you can borrow money at a low interest rate compared to what banks charge. This can be a significant benefit in times of need, because various members of the mutual benefit society are likely to require funds at different periods.
2. Encourages you to save
It urges all of its members to save money and lead frugal lives. After all, a Nidhi Company is a mutual benefit society in which members can give or borrow money and accept financial assistance from one another.
3. Complications are reduced
Dealing with banks or in an informal situation is far more complicated than borrowing and lending to known people, where the procedure is predetermined. When members of a Nidhi Company need money, they can unlock the potential of their money and benefit from cheaper interest rates.
OUR PRICING PLANS
Standard
₹ 14,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
Gold
₹ 16,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
Platinum
₹ 19,999
- complete company incorporation
- Certificate of incorporation (COI)
- Permanent account number (PAN)
- tax deduction account number (TAN)
- director identification number (DIN)
- digital signature certificate (DSC)
- memorandum of association (MOA)
- articles of association (AOA)
- Bank account opening
- GST registration
- MSME / UDYAM registration
- Share certificate issue
- company commencement form filling