Nidhi Company Registration

Nidhi companies in India are formed for making the habit of saving amongst its members. Nidhi companies are registered limited companies which are mainly involved in taking deposits and lending back to their members only. The provisions of the Nidhi companies fall under the purview of Reserve Bank of India (RBI) as it is very similar to an NBFC (Non-Banking Financial Corporation). The Reserve Bank of India (RBI) regulates the Nidhi Company. The funds contributed to Nidhi Company are only from its core members also known as shareholders. As per the section 406 of the Companies Act, 2013 a Nidhi Company has been classified as a NBFC (Non- Banking Financial Corporation). The main business activities of the Nidhi Company is to take deposit and lending the same to its shareholders only. It is regulated by the MCA (Ministry of Corporate Affairs) and RBI monitors all the financial dealings. Nidhi Company has a separate legal entity and it is commonly used company registration in India for accepting and lending money among its shareholders or members. Nidhi Company is incorporated and regulated under the Companies Act 2013 & its registration is governed by the Ministry of Corporate Affairs (MCA). Nidhi Company Registration in India is a great alternative form of business registration that provides the benefits of both, company as well as the NBFC in a single organization. It is very tough to manage Nidhi Company as compared to Private Limited Company registration or Public Limited Company registration as RBI is the main dealing authority of its financials. At least minimum of 7 members are mandatory required to form a Nidhi Company and there is no such limit on the maximum number of members. Out of these, three should be designated as the directors. However, as per the provisions, a Nidhi Company should acquire a minimum of 200 members within one year of commencement.

RuPayKart (Government Approved Startup), your trusted legal advisor, provides a cost- effective, reliable and authentic Nidhi Company registration in India. We have a team of Experts CA, CS & Lawyers having vast knowledge of their respective fields. We incorporate your Nidhi Company registration as per the rules and regulations defined by the Ministry of Corporate Affairs and by the provisions of Companies Act 2013. Post registration of your Nidhi Company you will be getting a Certificate of Incorporation, MOA, AOA, TAN, PAN along DIN allotment to the directors.