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Nidhi Company Registration With Firm Registration

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Nidhi Company Registration

Introduction

Tax And Services Nidhi Company is a financial institution incorporated under the provisions of the Companies Act, 2013, as a Nidhi Company. Nidhi Companies are a unique category of non-banking financial companies (NBFCs) in India that primarily function for the mutual benefit of their members, fostering a culture of savings and financial prudence.

Nidhi Company registration involves the establishment of a mutual benefit society with the goal of cultivating the habit of thrift and savings among its members. Tax And Services Nidhi Company is registered with the Ministry of Corporate Affairs and operates with the primary objective of accepting deposits from its members and providing them with financial assistance.

Limited Liability Partnership

Advantages of Limited Liability Partnership

Micro Finance

Nidhi Company lends money in the remote as well as rural areas of the country and which are on the off site locations.

Limited Liability

The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore.

Less Complexity

Nidhi Company involves fewer complexions and can be incorporated with an amount of Rupees 10 Lakhs which is to be raised.

Good option for savings

As the main objective of establishing Nidhi Company is to develop a habit of savings among the people for their mutual benefit as they can only lend and borrow money from their members only.

Better Credit Co-operative society

Nidhi Company has some similarities to the co -operative society and is suitable for the small financers. Once it gets registered it can avail the benefits of credit.

Easy Access to Public Funds

Nidhi Company can take deposits from its members through various accounts like Saving Account, FD A/c, Rd A/c which is less complex than taking finance from banks and other Financial Institutions.

Limited Liability

Documents Required

Pan Card

Identity Proof

Address Proof

Passport Proof

Business Address Proof Owned Property

Business Address Proof Rented/leased

Limited Liability

Process of Incorporation of Nidhi Company

1. Complete the Application Form

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Step 01

2.Document Processing

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Step 02

3. Application for DSC

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Step 03

4. Name Availability

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Step 04

5. E-filing for incorporation of a Company

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Step 05

6. Get Certificate of Incorporation

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Step 06
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