Nidhi Company Registration

With the introduction of Nidhi Company a person can start banking business for a relatively small number of people without going through strict formalities required for incorporation of Non-Banking Financial Company (NBFC) or a Banking company.

How it Works

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Fill Form

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Expert Discussion

Expert Discussion

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Work Completed

Work Completed

Your Nidhi Company Certificate is ready

Nidhi company registration?

Nidhi companies are formed under the company’s act, 2013 whose primary objective is to accept deposits and lending money to its members only, against mortgage of jewels, gold, property etc. For over centuries local affluent persons like lawyers, auditors, and retired persons have been doing business of lending and accepting deposits in their local area for cultivating the habit of thrift but the area of operation has been limited to local panchayats and municipalities only. With the introduction of Nidhi Company a person can start banking business for a relatively small number of people without going through strict formalities required for incorporation of Non-Banking Financial Company (NBFC) or a Banking company.

NIDHI companies are effectively non-banking financial companies and are engaged in the business of accepting deposits and making loans to their members. The recent failures in the NBFC sector also extended to the NIDHI companies compelling the Government to introduce strict prudential norms for such companies. The deposit-taking activities of NIDHIs are governed by the RBI Act and guidelines made thereunder.

What are the requirements for incorporating a NIDHI company in INDIA?

What is the NIDHI company registration process?

For incorporation, the normal procedure for incorporating a public company is required to be complied with, such as obtaining availability of name, filing of Memorandum and Articles of Association and other related documents. For details on registration click here.

What are the advantages of incorporating a Nidhi company?

What are the general restrictions or prohibitions for Nidhi company?

A Nidhi company shall not

Can Nidhi Company have branches?

How can a Nidhi Company accept deposits from its members?

How can a Nidhi company give loan to its members?

The loans given by a Nidhi to a member shall be subject to the following limits, namely:–

How can a member take a loan from a Nidhi company?

A Nidhi shall give loans to its members only against the following securities, namely:–

What are the rates of interest charged by a Nidhi company?

The rate of interest to be charged on any loan given by a Nidhi shall not exceed seven and half per cent above the highest rate of interest offered on deposits by Nidhi and shall be calculated on reducing balance method.

Nidhi shall charge the same rate of interest on the borrowers in respect of the same class of loans and the rates of interest of all classes of loans shall be prominently displayed on the notice board at the registered office and each branch office of Nidhi.

What's in it for you?

Our package includes-

After incorporation also, we will assist in further activities like

Why CharteredMunshi

We value all our customers and attempt to offer our services as though they were our 'first client'. We ensure that the process is fast and smooth. Unlike others, we do not outsource our work and offer in house services coming through our specialists who are experts in their respective fields. We will assign you a dedicated manager who will support you from the start to end of the process and address any queries that you might have.

Location
Address

Office No.3, 1st Floor, C-23, Sector-63, Noida, U.P 201301

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