Nidhi Company Registration

Nidhi means "finance". Thus, as the name itself suggests Nidhi company is a company formed with the objective of financing and receiving and lending deposits to its members only with the purpose of mutual benefit. They are also known as the mutual benefit society as their dealing are restricted to its members only.

Nidhi companies are incorporated as a form of Limited Companies involved in taking deposits and lending to its members. Funds contributed for a Nidhi Company are only from its shareholders and used only by the shareholders of the Nidhi Company.

Nidhi Company must have a minimum of three directors for incorporation. Nidhi Company must have a minimum of 7 shareholders at the time of incorporation, whereas post incorporation minimum number of shareholders must be atleast 200. It must have a minimum paid-up equity share capital of INR 5,00,000/-. Also the Net Own Fund of Nidhi Company must be atleast ten lakh rupees (INR 10 lakh) or more. Nidhi Company must add suffix "Nidhi Company" to its name.

LeanFlo Inc. has in-house experts to guide you on registering your business as a Nidhi Company. Our panel of experts would be glad to offer you free legal consultation and guidance on creating a Nidhi Company for your business.

  • Free Legal Consultation

  • Register your company in just 20- 25 days

  • INR 49,999/- (Inclusive of everything)*

Documents Required

  • Self attested copy of Pan card of all the proposed directors

  • Self attested copy of Aadhar card of all the proposed directors

  • Passport size photograph of all the proposed partners

  • Copy of electricity bill/landline bill, water bill

  • Rent agreement (for rented premises)

  • NOC (No Objection Certificate) of owner

  • Property Paper (If property is owned)

Deliverables from LeanFlo Inc.

  • 03 DSC (Digital Signature Certificate)

  • 03 DIN (Director Identification Number)

  • MoA (Memorandum of Association)

  • AoA (Article of Association)

  • CoI (Certificate of Incorporation)

  • PAN

  • TAN

Procedure

Nidhi Company Registration Procedure in India

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