Nidhi Company Registration

A Nidhi company is a type of corporation that refers to a non-banking micro-finance firm, according to Section 406 of the Companies Act, 2013. This corporation requires a minimum of seven members, three of whom will be directors. Nidhi firms must have the words "Nidhi Limited" at the end of their names.This business is also known as a permanent fund, benefit fund, or Mutual Fund Company. These businesses exclusively deal with their shareholders. Nidhi's mission is to encourage financial prudence and offer members with a source of reserve cash. Nidhi will take deposits and lend money to its members as long as their interests are protected.

There are several advantages to Nidhi Company Registration, including the ease of incorporation, low registration costs, and the avoidance of RBI restrictions, which means less compliance and a lower degree of risk. By giving lower interest rates on loans than the market, the Nidhi Company hopes to encourage members to save more. The Nidhi Company offers safe investments.

Sujata Associates would be the greatest legal advisor and supporter for establishing a Nidhi business. Our great professionals will assist you with registration and documentation. The procedure is straightforward and simple. This organisation will offer you with the most reliable and trustworthy Nidhi company registration or any other company registration in town.

Why choose us

Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.
We are providing legal business solutions for more than 25 years now. We have gradually built our reputation and now Sujata Associates is one of the leading business registration firms in India.
We take our client's security as our top-most priority. Our privacy policy and payment gateways are secure and 100% trustworthy. That's why most of our work is repeat business. We guarantee you will come back!
We have an entire team of highly skilled Accountants, CAs, Lawyers, Cost Accountants, Ex-Bankers, and Financial Experts. So, we have the exact service you are looking for in your business and Sujata Associates is your one-stop solution for all sorts of your business legalities.
We have more than 1000+ satisfied clients all over India. We value our customers and we tried our best to deliver with integrity and efficiency. We ensure brands and names are seen and heard by the targeted customers. This turns our one-time clients into repeated ones. So, Check the testimonials!
Sujata Associates is more than business consulting firm. We aim to work side-by-side with our clients while providing all the necessary solutions for the business and its legalities. We are more like your legal partner you would love to have. Sujata Associates never hesitates to go the extra mile or few for their clients.

Documents Required for Nidhi Company formation

  • Pan Card of the Directors / Shareholders
  • Aadhaar Card / Voter Card / Passport of Directors / Shareholders
  • Individual copies of photo
  • Bank Statement First & Current Month Transaction Page of Directors / Shareholders
  • If rented then the Rent Agreement.
  • If Owned Tax Bill of the Premises
  • Electric Bill of the Premises.
  • NOC From the landlord, if rented

  • Un-encumbered term deposits. Every Nidhi shall invest and continue to keep invested, in unencumbered term deposits with a Scheduled commercial bank (other than a co-operative bank or a regional rural bank), or post office deposits in its own name an amount which shall not be less than ten percent of the deposits outstanding at the close of business on the last working day of the second preceding month.

    If the failure to comply with these rules, Nidhi shall not accept any further deposits from the commencement of the second financial year till it complies with the provisions contained in this rule, besides being liable for penal consequences as provided in the Act.

    Essential Registration