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Nidhi Company Registration

Nidhi Company Registration only at ₹ 25,000/- (Inclusive of all fees)

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Introduction to Nidhi Company

Welcome to Financial Chartered, your trusted partner for Nidhi Company registration and compliance services. A Nidhi Company is a unique entity engaged in receiving deposits and lending loans exclusively to its members for their mutual benefits. Unlike National Banking Finance Companies governed by the RBI Act, a Nidhi Company is incorporated as a Public Limited Company under the Companies Act, 2013. The primary objective is to promote saving and thrift among its members..

Why Choose Financial Chartered?

At Financial Chartered, we pride ourselves on providing expert assistance, timely delivery, and ensuring the highest customer satisfaction throughout the Nidhi Company formation process. Our team of professionals is ready to guide you through the registration and compliance journey. Contact our team at 88900-77750 or email financialchartered@gmail.com for seamless Nidhi company registration services.

Advantages of Nidhi Company

Micro Finance

Nidhi Companies extend financial services to remote and rural areas, fostering financial inclusion and development.

Limited Liability

Members' liability is limited to their invested capital, offering a legal entity separate from its members and directors.

Less Complexity

Nidhi Companies involve fewer complexities, requiring an initial capital of Rs. 10 Lakhs, to be raised to Rs. 20 Lakhs within 120 days.

Good Option for Savings

Established to promote a savings culture, Nidhi Companies facilitate lending and borrowing exclusively among their members.

Better Credit Co-operative Society

Nidhi Companies share similarities with co-operative societies, making them suitable for small financiers.

Easy Access to Public Funds

Nidhi Companies can efficiently take deposits through various accounts, offering a simpler alternative to traditional financial institutions.

Minimum Requirements

Documents Required for Incorporation

PAN Card of Members and Directors

Passport for Foreign Nationals

Identity Proof (Aadhar, Voter ID, Driving License, Passport)

Address Proof (Utility Bill, Telephone Bill, Mobile Bill, Bank Statement)

Business Address Proof (Owned Property: Copy of Registry and Latest Govt. Electricity or Water Bill; Rented/Leased

Stamp Paper as per State norms.

Process of Incorporation

Post Registration Requirements

Minimum 200 Members within 120 days

Net Owned Funds of Rs. 20 Lakhs within 120 days (New Companies)

Relaxation of 18 Months for existing Nidhi Companies

Unencumbered deposits should be more than 10% of outstanding deposits

Net Owned Funds to Deposit ratio not exceeding 1:20

Loans & Deposits

Nidhi Companies can lend loans and accept deposits without RBI approval. Key points:

Loans

Only to its members
Secured loans against various assets
Interest rate capped at 7.5% above the rate on deposits

Deposits

Can accept deposits up to 20 times Net Owned Funds
Accepted in various forms such as FD, RD, Savings A/c
Interest rates up to 12.5% on FD and RD, 6% on Savings A/c
Fixed Deposits Tenure: 6 months – 60 months
Recurring Deposits Tenure: 12 months – 60 months

Compliances

NDH-1

NDH-1 One-time form for companies incorporated before 19th April 2022

NDH-3

NDH-3 Filed within 30 days on a half-yearly basis

NDH-4

NDH-4 Filed within 120 days from the date of incorporation

Other forms

NDH-1 AOC-4, MGT-7, MGT-14, and event-based forms as applicable

Nidhi Company vs. NBFC - A Quick Comparison

S.NO	Basic	NBFC	Nidhi Company
1	Act	Governed by Indian Banking Regulation Act	Governed by Companies Act, 2013
2	Capital required	More Capital required	Less Capital required than NBFC
3	Compliances	Strict Norms and Regulations	Less Strict Norms and Regulations
4	Restrictions	No restrictions on NBFC	Cannot do chit funds, hire purchase finance, etc.
5	Opening of Branch	Can open a branch at any time	Must earn profit for three years to open a branch
6	Dealing	Can deal with the general public	Can only deal with its Members

Get Your Nidhi Company Registered at just ?24,999/-

FAQs on Nidhi Company

What is the deposit limit in a Nidhi Company?

The deposit limit varies, and specific rules apply. Contact our experts for detailed information.

What is the maximized saving limit?

The maximum saving limit is subject to the rules and regulations governing Nidhi Companies.

Can a Nidhi Company carry on the business as a microfinance company?

No, a Nidhi Company cannot engage in microfinance activities. The guidelines for these entities are different.

Can a Nidhi Company open branches?

After three years of continuous profit, a Nidhi Company can consider opening branches.

Can a Nidhi Company declare dividends?

Yes, a Nidhi Company can declare dividends among its members.

What are Net Owned Funds??

Net Owned Fund (NOF) is the aggregate of the paid-up equity share capital and free reserves, excluding reserves created by revaluation of assets, as reduced by accumulated losses and intangible assets.