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Nidhi Company Registration

Register your Nidhi company with the help of Taxteam. We Taxteam leading eminent service  providers through  Online / Offline Incorporation of your company anywhere in India in one Call / Mail / Message.

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Nidhi Company to be Incorporated under Companies Act, 2013

Nidhi means “Treasure”, Nidhi company means which has been purely incorporated as a Nidhi. The rules and regulations of Nidhi company were prescribed by the central government with the object of cultivating the habit of thrift and savings, receiving, and lending amongst its members for mutual benefit.

Nidhi Company Incorporation

Advantages of Incorporation of Nidhi Company

Branches

Upto 3 branches can be open within the same district, if it earned Net profit in the preceding 3 financial years. For branches outside the district it needs permission from the Regional director.

Dividend upto 25%

Nidhi company can declare a dividend amount upto 25% without any permission or approval from the Regional director.

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.

Documents required for Incorporation of Nidhi Company

The following documents and requirements to register your Nidhi company,

Aadhar / Voter ID / Driving licence / Passport

The Address proof of the members along with the  Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.

The photos of the respective Directors , shareholders and designated authorities should submit for the clarification and proof of the concerned person.

The PAN card of  the respective Directors, shareholders and designated authorities of the company.

Digital signature is the electronic signature format of the Directors / signatory authority for the purpose of  e-filing the Register of Companies.

No objection certificate by the owner / landlord must be enclosed.

Process of Incorporation of Nidhi Company

Frequently Asked Questions

No, loans cannot be provided to non-members.

No, The Director is one of the main members of the Nidhi company and must be part of the shareholder.

Nidhi Company shall not issue preference shares.

The Director of a Nidhi shall hold office for a term up to 10 consecutive years on the Board of Nidhi. The Director shall be eligible for re-appointment only after the expiration of two years of ceasing to be a Director.

A Nidhi shall not accept deposits exceeding twenty times of its Net Owned Funds (NOF) as per its last audited financial statements.

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