Nidhi Company Registration
Grow Start Initiate Your Business With Us
Nidhi Companies in India are created for cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to borrow from their members and lend to their members. Therefore, the funds contributed to a Nidhi company are only from its members (shareholders).
Start Your Company Without Any Hassel
Get Quote Instantly in a Minute
Introduction
Nidhi Company Registration
Nowadays, Nidhi Company has evolved as a popular lending mechanism for obtaining secured loans. It’s a type of lending company and it is formed to borrow and lend money to its members. These companies are most predominant in the Southern Parts of India. Further, Section 406 of the Companies Act, 2013, deals with the process of Nidhi Company Registration. No license is required from the RBI (Reserve Bank of India) to register a Nidhi Company in India. Therefore, forming a Nidhi Company is easy and Nidhi Companies in India are registered as Public Companies and must have Nidhi Limited at the end of their name.
The key decisions to be taken before starting a NIDHI Company?
- What would be the name of the Company?
- What amount of capital would be invented in the company?
- How many members would the company have?
- Who would be the first directors of the company?
Benefits
Benefits Of Nidhi Company Registration
Process
Nidhi Company Registration In Easy Steps
Nidhi Company Registration name structure
Unique Name
Helps in easy approval of name, and to create distinct identity
Business Object
Clearly communicate your business activity
Constitution Type
Distinct name that isn't an formerly registered company or trademark stands a better chance of name blessing from MCA.
Document Checklist
Documents Required for Nidhi Company Registration in India
