Nidhi Company is a company registered under the Companies Act, 2013, which has a sole objective of cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to take deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only from its members (shareholders) and used only by the shareholders of the Nidhi Company.
|1 Ease of formation due to non-requirement of License from RBI.||1 Limited Fund Raising as accepts deposits only from their members.|
|2 Help in channelizing small savings.||2 Limited credit availabity due to limited fund|
|3 Lower rate of credit.||3 Falls under RBI vigilance especially their deposit acceptance operations.|
|4 No outsider intervention as managed by members only.||4 Additional rules and regulations imposed by Central Government.|
Cultivating the habit of thrift and savings amongst members is the only objective of Nidhi company so please consult with advisor regarding your significant questions before incorporation. Additional opinion please contact with our advisor at zero fee.
|1 Copy of PAN Card of Shareholders and Directors||2 Copy of Aadhar / Voter ID / Passport / Driving License/ etc. of Shareholders & Directors.|
|3 One passport size photo of both Shareholders and Directors||4 Copy of Electricity Bill for registered address of Business.|
|5 Additional Details – Suggested CompanyName's, Objects for Memorandum,Share Ration, etc|
Generally it takes 30-45 Days for registration. Name will be granted in 2-5 Days and rest for registration of Company.