Nidhi Limited

Registering a Nidhi Company is a big thing because it something which no ordinary person can start. Starting with Nidhi can gradually upgrade you to NBFC and later on to Bank. Section 406 of Companies Act 2013 and Companies (Nidhi Companies) Rules, 2014 govern Nidhi companies.

Prerequisites for Nidhi Limited Registration in India

Before Incorporation

• Minimum 7 Shareholders
• Minimum 3 Directors
• Minimum Capital of Rs. 10 Lacks
• DIN for all directors

After Incorporation

• Minimum number of 200 Shareholders
• Net owned Fund shall not be less than Rs. 10 Lacks
• Unencumbered deposits of not less than 10% of the outstanding deposits
• Net owned funds to deposits ratio should be more than 1:20

Documents Required for Nidhi Limited Company Formation in India

• Photograph of Each Director
• PAN Card of Each Director
• Aadhar Card of Each Director
• ID Proof of Each Director (any one)
  • Election Card
  • Driving License
  • Passport Copy
• Residence Address Proof of Each Director (any one)
  • Bank Statement
  • Bank Passbook
  • Latest Electricity Bill
  • Mobile Bill (post-paid)
  • Landline Bill (post-paid)
• Place of Business Proof in India If rented:
  • Lease deed / rent agreement
  • Electricity bill
  • Rent Paid Slip
  • No Objection Certificate (NOC) from the Property owner
  • PAN Card & Aadhar card of landlord
  If self-owned:
  • Property papers
  • Any utility bill
  • No Objection Certificate (NOC)
  • Sale Deed/ Property Deed
• Directors Email ID & Mobile Number
• Directors Education Qualification & Profession
• Affidavit From Each Director on Rs. 100/- Stamp Paper

Note: All the documents should not be older than 1 month, Scanned & self attested

Steps involved in Nidhi Limited Incorporation

• Stage 1: DSC (Digital Signature) of Director
• Stage 2: DIN (Directors Identification Number) of Director
• Stage 3: Nidhi Name Approval from ROC
• Stage 4: Certificate of Incorporation is Generated by Submitting Final Documentation (like AOA, MOA, Subscription age, Business Address Proofs, etc.)
• Stage 5: Application for PAN & TAN

Timeline for Nidhi Limited Registration in India

It takes 15 to 20 working days (approx.) to complete Nidhi Limited Registration procedure. Timeline may vary depending on replies from ROC department.

What Is Included In Our Nidhi Limited Registration Package?

• Personal Consultation
• DSC (Digital Signature) of two Directors
• DIN (Directors Identification Number) of two Directors
• Company Name Application
• Drafting of AOA (Articles of Association) & MOA (Memorandum of Association)
• Reply to queries raised by ROC department
• Government Fees
• Payment of Stamp Duty and Registration Fees
• Our Professional Fees
• Certificate of Incorporation
• PAN Application of Company
• TAN Application of Company (TAN – Tax Deduction Account Number)
• Support to Open a Bank Account
• Tax Consultation for Free

Register Your Nidhi Limited Firm