Cost: ₹34,999 /- only
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A Nidhi company is a non-banking financing company in India, as defined under section 406 of the Companies Act, 2013. Borrowing and lending money between members is their prime business.
Documents for the Directors & Shareholders:
Registered Office Address Proof :
Digital Signature Certificate (DCS)
Director Identification Number (DIN)
Memorandum of Association (MoA)
Articles of Association (AoA)
A Nidhi Company gets formed with the primary goal of encouraging its members to save money and be thrifty. It is a business entity incorporated under the Companies Act of 2013. With the express purpose of instilling in its members the habit of saving and thrift.
Nidhi firms are permitted to collect deposits from their members and lend only to them. It essentially indicates that the monies invested in a Nidhi firm come solely from its members (shareholders) and get used by the Nidhi Company shareholders.
Number of Members
A minimum of seven members is necessary to form a Nidhi Company, with three of those individuals serving as directors.
To form a Nidhi Company, you need a minimum of 5 lakh rupees in equity share capital. The Nidhi Company is not permitted to issue preference shares.
Prohibited activities in a Nidhi Company
Nidhi Company is not all to conduct business in particular fields such as chit funds, hire-purchase finance, leasing finance, insurance, or securities. Accepting deposits from or lending money to anyone other than members is banned.
It also can’t publicize itself to solicit deposits.
A public limited company is an incorporation that has a voluntary group of members who have a separate legal existence and limited liability. A public limited company is listed on a stock market and has its shares/stocks publicly traded.
A Private Limited Company (PLC) is a company owned by a small group of people. It is registered for specific purposes and controlled by a group of people known as shareholders. A Private Company is a typical company structure for startups and organizations with high development ambitions.
A limited liability partnership (LLP) is a legal entity separate from its members (partners), who are solely liable for the amount of money they invest plus any personal guarantees. The partnership is registered with Companies House and can only get used by firms that make a profit.