Nidhi Company Registration in India

Apply for your Nidhi Company Registration in Tamil Nadu and across all parts of India online. Know the procedures and formalities to get your registration done through Tax Robo.


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Restrictions on Nidhi companies engage any Business:

There are certain restrictions on Nidhi companies under the Nidhi Rules, 2014. In accordance with Rule '6' of the Nidhi Rules, 2014, Nidhi Company must not:

  • Continue the Business of

        • Chit Fund,
        • Rent of purchase funds,
        • Financial leasing,
        • Insurance or Security Acquisitions issued by anyone working for the company.

  • Withdraw Preferred Shares, Debts or any Other Credit Tool by any name or by any means.
  • Open any current Account and its members.
  • Find another company by Purchasing securities or controlling the formation of the Board of Collectors of any company in any way or by entering into any change to change its management unless it approves a Special Decision at its general meeting and the first approval of the Regional Director.
  • Do any Business without borrowing / lending in its own name.
    (Nidhi who adhere to all the provisions of the Nid Code may provide rental locks to its members for rent, but the rental income from these properties may not exceed 20% of the nid revenue at any one time.)
  • Receive or lend money to anyone, other than its members.
  • Promise any goods placed by their members as security,
  • Take Deposes or lend money to any physical company,
  • Enter into any partnership program for its loan or loan activities,
  • To remove or cause to be issued any advertisement by any form of solicitation,
    (Private confidentiality of Fixed Deposit Scheme information among Nidhi members with the term "Private Membership Only" will not be considered an advertisement.)
  • Pay any trade or incentive to promote deposits from members or remittances or loans.


Online NIDHI Company Registration:

It sounds a bit complicated. What if I mess up? Can an expert help me with the legal procedures?

Tax Robo is here to help! Easy Online company registration.

We understand your problems and we believe in helping you overcome your fear of legal intricacies by making it simple for you, assisting you at each step of your journey towards forming our private limited company.

Fear not, Tax Robo's got your back!

Nidhi company Registration Packages

Basic Package

₹39999 .00

* All Exclusive

  • MOA & AOA Drafting
  • Digital Signature Certificate 2 Years Validity (2 Persons)
  • Name Approval
  • PAN & TAN
  • Incorporation Fees Authorised Capital Of Rs. 5 Lakhs
  • GST Registration
  • Incorporation Certificate
  • Appoint First Auditor of the Company
  • Free Bank Account Opening

Family Auditor

₹44999 .00

* All Exclusive

  • MOA & AOA Drafting
  • Digital Signature Certificate 2 Years Validity (2 Persons)
  • Name Approval
  • PAN & TAN
  • Incorporation Fees Authorised Capital Of Rs. 5 Lakhs
  • GST Registration
  • PF & ESI Registration
  • Incorporation Certificate
  • Share Certificate 
  • Appoint First Auditor of the Company
  • Free Bank Account Opening
  • Free GST Monthly Return 1 Month
  • Free Experts Consulting  

Important Steps before Incorporation of Nidhi company

Knowledge of the Business

✓ Do you have previous experience in the same Business? how many years?

✓ Product analysis with the questions of whether the product is under any restricted sales in India eg. Cement, Steel.

Marketing Strategy

✓ Marketing strategy is available with target customers.

✓ Pricing of products and margin available in the product.

Growth of the Business

✓ Growth of the Business in India for the next 5 to 10 years.

✓ Feasibility report of the Business and products.

✓ Business plans and projected Financial Product for 5 years.

Funds – Working Capital

✓ Sufficient working capital required for running the Business for a minimum period of 3 months. The funds can be own funds or Bank funds.

✓ How many months of Investment in the Business have required, returns on investments, and working capital funds available for fixed expense months?

Step 1

Obtain Dsc for Directors And Apply Name Approval (After Check Company Name Availability)

Step 2

Incorporation Of Documents (Draft Sent To You For Confirmation)

Step 3

File Spice + Forms

Step 4

Get Incorporation Certificate, Pan, TAN & Bank Accounts

Registration Process of Nidhi Company


Usually Nidhi Company Registration Process in India takes up to 45 days, Registration of a Nidhi Company consists the following steps:

  • Minimum 7 Members and 3 Directors will be required to start the Incorporation of Nidhi Limited.
  • Apply for DIN and DSC.
  • After getting the DIN and DSC, file an application in INC-1 to MCA for reservation of name of Nidhi Company.
    Once the name is approved, Prepare Memorandum of association and Articles of Association according to Nidhi objects and all other required documents carefully.
  • Apply for Incorporation.
  • Get Incorporation Certificate.
  • Apply for PAN and TAN

Documents required for incorporation of a Nidhi Company


ID Proof

Scanned copy of PAN Card, Voter ID, Passport , Driving License

Registered Office Proof

No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property) / Registry Proof or House Tax Receipt (in case of owned property)

Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Photo

Latest passport size photograph

Further Documents for Nidhi Company Registration


Usually Nidhi Company Registration Process in India takes up to 45 days, Registration of a Nidhi Company consists the following steps:

  • Copy of PAN of Directors and Shareholders.
  • Copy of ID Proof of Directors and Shareholders. (Voter ID, AADHAR, Driving License, Passport)
  • Copy of Address Proof of Directors and Shareholders (Bank Statement/ Electricity bill/ Mobile bill/ Telephone Bill)
  • Passport size Photographs.
  • Property Ownership Documents of Registered office premises:
  • If property is owned: Electricity bill + Ownership Documents + NOC (if required)
  • If property is rented: Electricity bill + Rent Agreement + NOC

Compliance after Incorporation of Nidhi Company Online


Statutory Obligations

✓ File GST return every month without delay

✓ PF & ESI return filing

✓ TDS Payments & Return filings

✓ Advance Tax payments

✓ File Income Tax return by every year before due date

Compliances

✓ GST registration

✓ PF & ESI Registration if applicable

✓ Profession Tax registration

✓ Import & Export Code registration

✓ STPI Registration / SEZ registration

✓ Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc

Accounts & Operations

✓ Open a Bank account with one Private Bank and one scheduled Bank

✓ Get one accounting software with GST facility

Performance

✓ Review Financial Products performance by every 3 months

✓ Compare the budget amount with actual Financial Products results