A Nidhi Company is a type of Non-Banking Financial Company (NBFC) designed to encourage savings and mutual benefit among its members. Popular for promoting financial inclusion, Nidhi Companies deal primarily with deposits, loans, and investments from their members. At CAPLUS, we specialize in simplifying the process of Nidhi Company registration in India, ensuring compliance with legal requirements and operational ease.
What is a Nidhi Company?
A Nidhi Company is regulated under Section 406 of the Companies Act, 2013, and governed by the Nidhi Rules, 2014 . Unlike other NBFCs, a Nidhi Company does not require a Reserve Bank of India (RBI) license, making it an affordable option for small businesses and communities.
These companies operate for mutual benefits, encouraging members to save money and providing loans at reasonable rates. The primary goal of a Nidhi Company is to create a habit of thrift and self-reliance among its members.
Benefits of Registering a Nidhi Company
Minimal regulations compared to other NBFCs.
No RBI license is needed.
Promotes financial discipline among members.
Provides loans at lower interest rates to members.
Shareholders’ liability is limited to their investment.
Nidhi Companies can enjoy specific exemptions and deductions under tax laws.
Step-by-Step Process for Nidhi Company Registration with CAPLUS
PAN Card, Aadhaar Card, and passport-sized photos of directors and members
Address proof (electricity bill, rental agreement, etc.).
Registered office address proof.
Choose a unique name for your company. CAPLUS helps you file the RUN form with the MCA for name approval.
CAPLUS assists in drafting the Memorandum of Association (MOA) and Articles of Association (AOA), aligning with Nidhi Rules.
Submit SPICe+ Form for incorporation, including all necessary details and documents.
Upon approval, the Registrar of Companies (RoC) issues the Certificate of Incorporation.
Upon approval, the Registrar of Companies (RoC) issues the Certificate of Incorporation.
Post-Incorporation Compliance for Nidhi Companies
After registration, a Nidhi Company must adhere to these compliance requirements:
Filing Form NDH-1: Annual return with member details.
Filing Form NDH-2: Extension request if 200 members are not achieved within the first year.
Filing Form NDH-3: Half-yearly return for financial activities.
Maintaining Books of Accounts and conducting annual audits.
Why Choose CAPLUS for Nidhi Company Registration?
1. Expert Guidance: Our team, has years of experience in company registration and compliance.
2. Affordable Packages: Tailored pricing to suit your needs.
3. Hassle-Free Process: From documentation to compliance, we handle it all.
4. Ongoing Support: Continuous assistance post-registration for filing and statutory adherence
5. Transparent Service: No hidden charges, just clear communication.
Documents Required for Nidhi Company Registration
1. PAN Card and Aadhaar Card.
2. Passport-sized photos.
3. Address proof (bank statement, electricity bill, or mobile bill).
1. Electricity bill or rent agreement.
2. NOC from the owner if rented.
Cost of Nidhi Company Registration
The cost varies depending on your requirements, but CAPLUS offers competitive pricing with no hidden fees. Our packages include:
Name approval.
DIN and DSC for directors.
MOA and AOA drafting.
Filing incorporation forms.
Post-registration compliance support.
What is the primary purpose of a Nidhi Company?
How is a Nidhi Company different from other NBFCs?
Can a Nidhi Company accept deposits from the public?
What is the penalty for non-compliance with Nidhi Rules?
How long does it take to register a Nidhi Company with CAPLUS?
At CAPLUS, we simplify the journey of Nidhi Company registration and ensure your business adheres to all legal requirements. Partner with us for a hassle-free, transparent, and efficient registration process. Contact CAPLUS today!