It's ideal for those businesses looking to start a permanent and a mutual benefit fund, or a mutual benefit company.
The directors must be registered with the MCA
Deciding on a company name and registering it
Principle approval from RBI
It is a company classified as an NBFC (a Non-banking financing company) and registered under Section 406 of the Companies Act 2013. The main business of such a company is to facilitate lending money between the core members of the company. This way, members (or shareholders) are encouraged to save money and invest them within the company. The company then uses these deposits for its members (or shareholders) to provide loans or advances and to acquire government-issued stocks/bonds/debentures/securities. It is regulated by the Ministry of Corporate Affairs, while the RBI monitors all its financial dealings.
A nidhi company registration cannot deal in the following:
Contrary to what you might think, registering a Nidhi registration is a simple 3-Step process and can be done completely online. We’ve laid it out below.
To Be Submitted By All Directors
Nidhi company in India's registration charge is a very simple and easy process. The main thing you need to do is to find a good Company Registrar who can help you with the whole process. You can easily find a Company Registrar in your locality. After finding a good Company Registrar, the next thing you need to do is to fill up the required forms and pay the required fees. The fees for registering a Nidhi company in India are very nominal. You can easily find the required forms and pay the fees online. Once you have registered your Nidhi company in India, you will be given a Certificate of Incorporation. This certificate is very important and proves that your Nidhi company has been registered in India. After getting the Certificate of Incorporation, as per Nidhi company compliances, you can start operating your Nidhi company in India.
There is Nidhi registration charge that all the companies must pay in India. The Nidhi company registration fees vary from state to state but are typically between ₹5,000 and ₹10,000. Along with e-nidhi registration Charges, Nidhi companies are also required to pay an annual maintenance fee as Nidhi company compliances, typically between ₹1,000 and ₹2,000.
We provide access to reliable professionals and coordinate with them to fulfill all your legal requirements. You can also track the progress on our online platform, at all times.
By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the nidhi company registration process to set realistic expectations.
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17th March: Stringent compliance norms for Nidhi Companies
To protect the interest of investors, the Ministry has advised them to verify a Nidhi Company status before pumping in money. They can verify it from the notification in the official gazette.
21st March: Time-frame for filing Form NDH-4
To enhance transparency and investor-friendliness, Nidhi companies are now instructed to follow the time frame for applying in Form NDH-4. In case of non-compliance, a Nidhi Company will not be allowed to file Form No SH-7 and Form PAS-3.