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Nidhi Company Registration
Taxteam helps you register your Nidhi firm. As one of India's leading service providers, we at Taxteam can incorporate your company online or offline anywhere in India with just a single call, email, or message.
Nidhi Company to be Incorporated under Companies Act, 2013
Nidhi means "treasure," thus a Nidhi firm is one that only incorporates as a Nidhi. The central government set norms and regulations for Nidhi businesses to foster thrift and savings among members while also facilitating mutual benefit through receiving and lending.
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Years of Experience
Benefits
Advantages of Incorporation of Nidhi Company
01
Branches
If the company made a net profit in the previous three fiscal years, it may open up to three branches in the same district. The company must obtain approval from the Regional Director to operate branches outside of the district.
02
Dividend upto 25%
Nidhi company can declare a dividend amount upto 25% without any permission or approval from the Regional director.
03
Loans to Members
Eligible to provide loans to its members. The loan amount will be given in accordance with the total deposit amount from members.
Faq's
General frequently asked questions
Have questions? Our FAQ section covers common queries to help you find quick and clear answers.
Have Any Question ?
No, a loan cannot be provided to non-members as per standard cooperative society
rules.
No, a person cannot be a director of a NIDHI Company without holding any share
capital, as they must be a member.
No, a Nidhi Company cannot issue preferred shares under the Companies Act and
Nidhi Rules.
The maximum tenure of a director in a Nidhi Company shall be 10 consecutive
years.
A Nidhi Company can accept deposits up to 20 times of its net owned funds
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