HomeNidhi Company Registration - Legal Popcorn

IDEA FOR START-UPsNidhi Company Registration

“Nidhi” is a Hindi word, which means finance or fund. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit.

Nidhi company registration requires minimum 3 members. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name. Nidhi company is easy and economical to register. Nidhi company registration can be done through LegalPopcorn.
There are only 3 simple steps:
  • One DSC & three DINs

    The directors must be registered with the MCA

  • Company Name Reservation

    We will then help you pick a unique name

  • RBI Approval

    We will get in principle approval from RBI

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Highlights

Limited Liability
Shareholder enjoys limited liability to the extent of capital invested. Shareholder's personal assets protected in the event of the company's insolvency.
Separation
Management & shareholders can be separated. A shareholder can invest the fund in fruitful business without managing & Management can operate their business without frequent interruption of investors.
Separate Legal Entity
A company is a Separate legal entity from its Owners and Management in the eyes of law.
Perpetual Succession
A business of the Company will not affect if there is any change in the ownership of the company.
Easy Equity Funding
Startups businesses can easily raise funds from investors on an equity basis.
Taxation
Every Pvt Ltd Company enjoys for recently announced start-up tax exemption.
OUR PROCESS

Procedure for
Nidhi Company Registration

STEP 1Complete our Simple Form

You are required to fill in the details in our simple questionnaire and submit documents.

STEP 2Obtain DSC and DIN from us

We will provide you with DSC and DIN. To proceed further, you need to give your approval.

STEP 3Verification and Name Approval

For further procedures, details provided by you will be verified by our experts.

STEP 4Document Submission

We will create all the required documents and file them with ROC on your behalf.

STEP 5Your work is completed

Once your company is incorporated, we shall send you all the documents and DSCs.
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BEFORE SCALABLE

Documents
Required

Minimum Required Documents For Company Registration
Identity Proof
Aadhar Card, Driving License, Election Id Card, Passport
Address Proof of Business
Electricity Bill, Rent Agreement + NOC
PAN Card
Copy of PAN Card
Photo
Passport size Photograph

Steps to IncorporateNidhi Company Registration

There are only simple steps:
1. Application of DSC & DPIN :

First of all, the partners have to apply for Digital signature and DPIN for Nidhi company. Digital signature is an online signature used of filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.

2. Name approval :

You have to provide 3 different name options for Nidhi company to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.

3. MOA & AOA submission :

Once the name is approved, one needs to draft Memorandum of association and Articles of Associate. But the object of the Nidhi company must always be a charitable object. Both MOA and AOA are filed with the MCA with the subscription statement.

4. Get incorporation certificate :

It typically takes 15- 25 days to form a Nidhi company and get the incorporation certificate. Incorporation certification is a proof that company has been creation. It also includes your CIN number.

5. Apply for PAN, TAN and Bank account :

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with bank to open your bank account.

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