{"id":2342,"date":"2018-05-19T07:36:41","date_gmt":"2018-05-19T02:06:41","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=2342"},"modified":"2020-07-27T16:52:09","modified_gmt":"2020-07-27T11:22:09","slug":"procedure-for-nidhi-company-registration","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/procedure-for-nidhi-company-registration\/","title":{"rendered":"What is Nidhi Company Registration?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">&#8220;Nidhi&#8221; is a Hindi word, which implies fund or finance. Nidhi is an organization which has the sole purpose of building up the habit of thrift and reserving funds among its individuals &amp; furthermore getting deposits and loaning to their members for their benefit. Nidhi Company is a Non-Banking Financial Company which don\u2019t require RBI license. The borrowing and lending of cash are confined to its individuals just for their advantage. It has been perceived under the area 406 of Companies Act 2013 &amp; Nidhi Companies Rules, 2014. The fundamental thought of <a href=\"https:\/\/swaritadvisors.com\/nidhi-company-registration\"><strong>Nidhi Company Registration<\/strong><\/a> is the &#8220;Rule of Mutuality&#8221; as a result of which it is also known as Mutual Benefits Company. In this article, we will discuss the procedure for Nidhi company registration.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a54bf4cc1116\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a54bf4cc1116\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-nidhi-company-registration\/#Requirements_for_Registering_Nidhi_Company\" title=\"Requirements for Registering Nidhi Company\">Requirements for Registering Nidhi Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-nidhi-company-registration\/#Procedure_for_Nidhi_Company_Registration\" title=\"Procedure for Nidhi Company Registration\">Procedure for Nidhi Company Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-nidhi-company-registration\/#Benefits_of_Nidhi_Company_Registration\" title=\"Benefits of Nidhi Company Registration\">Benefits of Nidhi Company Registration<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Requirements_for_Registering_Nidhi_Company\"><\/span>Requirements for Registering Nidhi Company<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Nidhi Company might be used as a Public Limited Company and it requires 7 shareholders and 3 directors which are appointed by the 7 shareholders. The least paid up value share capital ought to be Rs.5 lakh. Nidhi Company neither issue preferences hares nor pursue any other objectives. Each company after finishing Nidhi Company Registration must have &#8220;Nidhi Limited&#8221; associated with them in their name.<\/p>\n\n\n\n<p>After the incorporation of the company, at least 200 number of shareholders will be required within a year and the minimum owned fund must be about Rs 10 lakh. If any company who is unable to meet such conditions then within 30 days from the end of the first financial year, you must apply for Regional Director for the extension of the time period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_for_Nidhi_Company_Registration\"><\/span>Procedure for Nidhi Company Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Fill the form- every individual must fill the details that are asked and submit the document.<\/li><li>Get DSC &amp; DIN- to proceed further you will require DSC &amp; DIN, we will provide you with this, and you also need to give your approval. It will take about 3 working days.<\/li><li>Verification- in this step the details you have provided or submitted in the form will be verified. It will take around 2 working days.<\/li><li>Document Submission- on behalf of you we will create your document &amp; file them with ROC. This process will take to complete about 6 working days.<\/li><\/ul>\n\n\n\n<div class=\"read\"><p><b>Also, Read:<\/b> <mark><a href=\"https:\/\/swaritadvisors.com\/learning\/advantages-process-of-nidhi-company-registration\/\" target=\"_blank\" rel=\"noopener noreferrer\">Advantages &amp; Process of Nidhi Company Registration<\/a><\/mark>.<\/p><\/div>\n\n\n\n<p>Now once your company is registered we will provide all the documents &amp; DSCs to you. Have a look at the documents that will be required for the <strong>Nidhi Company Registration<\/strong>:-<\/p>\n\n\n\n<ul><li>Copy of Aadhaar Card\/ Voter ID of directors<\/li><li>Copy of Pan Card of directors,<\/li><li>Passport Size Photographs of directors,<\/li><li>Electricity or Water bill of your business place to confirm the address,<\/li><li>If you are on rent then rent agreement copy will be required,<\/li><li>If it is your owned property then a copy of property papers will be required,<\/li><li>Landlord NOC will be provided,<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Nidhi_Company_Registration\"><\/span>Benefits of Nidhi Company Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Nidhi Company is exceptionally reliant on the trustworthiness, honesty, and loyalty of its members. It takes into account just the necessities of little and medium-income groups. <strong>Opting Nidhi Company Registration <\/strong>is typically overseen by the beginners, rather than those of expert directors, as they can&#8217;t be contracted because of lack of funds. Most of the individuals might be hesitant to deposit funds in light of the fact that Nidhi Companies don&#8217;t require a permit from the RBI. But there are many advantages if you are planning to apply for Nidhi Company Registration. It doesn\u2019t require minimum share capital and transfer of ownership is very easy. It offers tax benefits and no stamp duty is required. It has a very clear end goal to provide donations and loans to the peoples, thus it is very helpful to the peoples who belong to the lower or middle class. It provides relaxation in compliances and its exemptions &amp; privileges come <strong>under Companies Act 2013<\/strong><a href=\"http:\/\/www.mca.gov.in\/MinistryV2\/companiesact2013.html\">[1]<\/a> . It assures for secured investments and provides low rates of interest.<\/p>\n\n\n\n<div class=\"read\"><p><b>Read, Also:<\/b> <mark><a href=\"https:\/\/swaritadvisors.com\/learning\/nidhi-company-registration-process\/\" target=\"_blank\" rel=\"noopener noreferrer\">What is the Nidhi Company Registration Process<\/a><\/mark>.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Nidhi&#8221; is a Hindi word, which implies fund or finance. Nidhi is an organization which has the sole purpose of building up the habit of thrift and reserving funds among its individuals &amp; furthermore getting deposits and loaning to their members for their benefit. Nidhi Company is a Non-Banking Financial Company which don\u2019t require RBI [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[153],"tags":[154,152,263],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2342"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=2342"}],"version-history":[{"count":9,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2342\/revisions"}],"predecessor-version":[{"id":11937,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2342\/revisions\/11937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/2851"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=2342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=2342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=2342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}