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NIDHI COMPANY REGISTRATION
Launch your Loan or Finance venture with minimal investment. Obtain approval in just 10 business days and enjoy complete online work tracking.
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WHAT IS NIDHI COMPANY ?
ONLINE NIDHI COMPANY REGISTRATION IN INDIA
GET YOUR QUERY RESOLVED BY THE BEST NIDHI COMPANY REGISTRATION CONSULTANT IN INDIA
Nidhi Company registration is the procedure by which the establishment of a particular type of non-banking financial company (NBFC) known as Nidhi becomes feasible. This incorporation occurs in accordance with the regulations outlined in the Companies Act, 2013.
The unique aspect of Nidhi Company registration in India is that it operates on the principle of restricting the deposit and lending of funds strictly among its members. Unlike other financial legal structures, a Nidhi Company does not require prior approval or a license from the Reserve Bank of India (RBI) to conduct its business. If you intend to start a lending business in India, Nidhi Company registration online is the ideal choice. Through Nidhi Company registration, you can establish your own small bank and offer loans, accept deposits, and open savings accounts. This type of incorporation falls under the provisions of the Companies Act, 2013.Do you want to start your financing business?
Companies that facilitate easy fund availability for businesses are in demand. Vakiltrust, as Nidhi Company registration consultants, assists you in establishing your own Nidhi bank and provides guidance on understanding the concept of a Nidhi Company.
Vakiltrust, a renowned business consultant, offers a prompt Nidhi Company Registration Online Service in India with a straightforward five-step process:
The final step remaining is to open your Nidhi Company Current Bank Account using the Certificate of Incorporation (COI) provided by the Ministry of Corporate Affairs (MCA). Once completed, you can commence your lending business operations.
It is important to note the following:
1. Initially, we will apply for your Digital Signature Certificate (DSC) and Director Identification Number (DIN).
2. Selection of a unique name for your company.
3. Preparation of necessary Nidhi Company registration documents.
4. Filing e-forms with the MCA.
5. After the COI is allotted, your Nidhi Bank Registration is considered complete.
6. Utilizing the COI issued by the MCA department, you can proceed to open your Nidhi Company Current Account.
Nidhi Company Registration falls under the category of Non-Banking Financial Corporations (NBFCs) regulated by the Companies Act, 2013. The distinguishing feature of this company is its acceptance of deposits and provision of loans exclusively to its members, i.e., shareholders, working solely for their mutual benefit. The RBI has exempted this company from the main regulations of the RBI Act of 1934 because it deals exclusively with the funds of its owners or members.
FEATURES OF NIDHI COMPANY
FEATURES YOU CAN’T RESIST
Documents required for Micro Registration
- Copy of PAN of Directors and Shareholders
- Copy of ID Proof of Directors and Shareholders
- Voter ID/AADHAR/Driving License/Passport
- Copy of Address Proof of Directors and Shareholders
- Bank Statement/ Electricity bill/ Mobile bill/ Telephone Bill
- DSC & DIN of all directors
- MOA & AOA
- Passport size photographs
- Property Ownership Documents of Registered office premises
- If property is owned: Electricity bill + Ownership Documents + NOC (if required)
- If property is rented: Electricity bill + Rent Agreement + NOC
Pre requirements for Nidhi Company Registration
Minimum paid-up capital
Rs. 5 Lacs
FREQUENTLY ASKED QUESTIONS
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