Nidhi Company Registration

As per the section 406 of the Companies Act, 2013, a Nidhi company is kind of a company which refer as a non-banking micro-finance company. This company requires minimum total 7 of members where 3 of them are will be directors. Nidhi companies must have their last words “Nidhi Limited”. This type of company is also known as permanent fund, benefit fund, mutual fund company. These companies deal with their shareholder-member only.the corporation Nidhi aims to encourage financial prudence and to provide members with a source of reserve funds. Nidhi will accept deposits and lend money to it’s members, provided that their interests are safeguarded.

There are certain benefits of Nidhi Company Registration such as the formation is very easy, cost efficient registration, no RBI regulations-less compliance, less level of Risk. The Nidhi Company aims to encourage members to save more by offering them lower interest rates on loans than the market. The Nidhi Company provides secured investments.

Sujata Associates will be the best legal partner and supporter to start a Nidhi company. Our wonderful experts will guide you for the registration and documentation. The process is very straight and simple. This company will provide you the most trustable and worthy Nidhi company or any other company registration in town.

Why choose us

Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.
We are providing legal business solutions for more than 25 years now. We have gradually built our reputation and now Sujata Associates is one of the leading business registration firms in India.
We take our client's security as our top-most priority. Our privacy policy and payment gateways are secure and 100% trustworthy. That's why most of our work is repeat business. We guarantee you will come back!
We have an entire team of highly skilled Accountants, CAs, Lawyers, Cost Accountants, Ex-Bankers, and Financial Experts. So, we have the exact service you are looking for in your business and Sujata Associates is your one-stop solution for all sorts of your business legalities.
We have more than 1000+ satisfied clients all over India. We value our customers and we tried our best to deliver with integrity and efficiency. We ensure brands and names are seen and heard by the targeted customers. This turns our one-time clients into repeated ones. So, Check the testimonials!
Sujata Associates is more than business consulting firm. We aim to work side-by-side with our clients while providing all the necessary solutions for the business and its legalities. We are more like your legal partner you would love to have. Sujata Associates never hesitates to go the extra mile or few for their clients.

Documents Required for Nidhi Company formation

  • Pan Card of the Directors / Shareholders
  • Aadhaar Card / Voter Card / Passport of Directors / Shareholders
  • Individual copies of photo
  • Bank Statement First & Current Month Transaction Page of Directors / Shareholders
  • If rented then the Rent Agreement.
  • If Owned Tax Bill of the Premises
  • Electric Bill of the Premises.
  • NOC From the landlord, if rented

  • Un-encumbered term deposits. Every Nidhi shall invest and continue to keep invested, in unencumbered term deposits with a Scheduled commercial bank (other than a co-operative bank or a regional rural bank), or post office deposits in its own name an amount which shall not be less than ten percent of the deposits outstanding at the close of business on the last working day of the second preceding month.

    If the failure to comply with these rules, Nidhi shall not accept any further deposits from the commencement of the second financial year till it complies with the provisions contained in this rule, besides being liable for penal consequences as provided in the Act.

    Essential Registration