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 Best Nidhi Company Registration Service  

Esenssial Requirement of Nidhi Company Registration

Nidhi Company is a type of non-banking financial company (NBFC) that primarily deals with accepting deposits and providing loans to its members. Here are the essential requirements for Nidhi Company registration in India:

  • Minimum number of members:
  • To register a Nidhi Company, it must have a minimum of seven members.

  • Incorporation:
  • The Company must be registered as a public limited company under the Companies Act, 2013

  • Minimum Capital Requirement:
  • The minimum paid-up capital required for a Nidhi Company is Rs. 5 lakh.

  • Name Availability:
  • The proposed name of the company must be unique and not similar to any existing company or trademark.

  • Object Clause:
  • The object clause of the company must include the acceptance of deposits and lending to its members.

  • Management and Control:
  • The company must have a board of directors consisting of at least three directors, and the majority of them must be individuals.

  • Branches
  • A Nidhi Company can only have branches within the district where it is registered.

  • Compliance:
  • The company must comply with the rules and regulations laid down by the Ministry of Corporate Affairs and the Reserve Bank of India.

  • Nidhi Company Software
  • Nidhi Company Software is required for proper management of the company, to maintain all transactions, account management, deposit and loan management, and other financial activities.

    Once the above requirements are fulfilled, the application for nidhi company registration can be submitted to the Registrar of Companies (ROC). The registration process can take up to 15-20 days, and after the registration, the company can start its operations as a Nidhi Limited Company.


    Benefits of Nidhi Company Registration

    Nidhi company registration in India is a type of non-banking financial company (NBFC) that primarily deals with accepting deposits and lending money to its members. Some of the benefits of Nidhi company registration include:

  • Limited liability:
  • Members of a Nidhi company enjoy limited liability, meaning that they are only liable for the amount of capital they have invested in the company.

  • Easy to Set Up:
  • Setting up a Nidhi company is relatively easy and requires minimal paperwork compared to other types of companies.

  • No external involvement:
  • Nidhi companies are self-funded and do not involve any external parties. Members of the company are the ones who fund it, and the company lends money to its members.

  • Better Access to Credit:
  • Members of Nidhi companies can access loans and credit facilities from the company at a lower rate compared to other financial institutions.

  • Stable Source of Funding:
  • Nidhi companies are a stable source of funding for its members. Members can save their money in the company and earn interest on it, while the company can lend this money to members who require it.

  • Compliance Benefits:
  • Nidhi companies are regulated by the Ministry of Corporate Affairs, which ensures that they comply with all legal requirements. This helps to increase the credibility of the company and provides assurance to members that their investments are safe.

  • Easy Management:
  • Nidhi companies have a simple management structure, with the board of directors being responsible for managing the company. This makes it easy to manage the company and take decisions quickly.

    Overall, Nidhi finance company in Kolkata provides several benefits to its members, including limited liability, easy access to credit, and a stable source of funding.