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Start My Nidhi Company – IN JUST Rs 3999+ Govt fees

WHAT IS Nidhi Company

A nidhi company, is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.

Payment Plan

Requirements for Nidhi Company

We will require following documents

    • A Nidhi company to be incorporated under this Act shall be a Public Company;
    • It shall have a minimum paid up equity share capital of Rs.5,00,000/-;
    • No preference shares shall be issued.
    • If preference shares had already been issued by a Nidhi Company before commencement of this Act, such preference shares are to be redeemed in accordance with the terms of issue of such shares;
    • The object of the company shall be cultivating the habit of thrift and savings amongst its members, receiving deposits from and lending to its members only for their mutual benefits;
    • It shall have the words ‘Nidhi Limited’ as part of its name;

Requirement after Incorporation

Every Nidhi shall, within a period of one year from the commencement of these rules, ensure that it has—

    • Minimum number of members should be 200;
    • Net owned funds shall be Rs.10,00,000/- or more (‘Net owned funds’ means the aggregate of paid up equity share capital and free reserved as reduced by the accumulated and intangible assets appearing in the last audited balance sheet);
    • Ratio of net owned funds to deposit shall be not more than 1:20;
    • Unencumbered term deposits of not less than 10% of the outstanding deposits as specified in Rule 14;

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Company Registration & GST Registration

Company Registration & GST Registration