Nidhi Company Registration

Ideal for lending and borrowing amongst members
SAVE 60% COST…!!!

What is Nidhi Company Registration?

Nidhi Company is a Non – Banking Financial Company (NBFC) which does not require license from RBI (Reserve Bank of India). Another name of Nidhi Company in India is Mutual Benefit Company. It works on the basis of its members only. Nidhi means a company which has been integrated with the object of developing the habit of saving and pooling funds among its members. It can accept and lend loans to its members only for their mutual benefit.

Why is Nidhi Company preferred?

  • Nidhi Company caters only to the small and medium income groups.
  • Nidhi Company is formed very easily where only 7 members are required out of which 3 are nominated as Directors.
    Very less documentation is required.
  • It has less compliance as it comes under NBFC and it does not require RBI license. Nidhi Company follows rules of Nidhi Rules 2014, as RBI has exempted Nidhi Company from following rigorous compliances.
  • Nidhi Company is promoted to inculcate the habit of savings among its members.
  • It’s the economically viable as registration can be done with minimum capital of Rs. Five lakh and where the investment can be done even after two months of registration of the company.
  • As Nidhi Company can accept deposit and lend loans to its members only according to the Nidhi Rules, 2014 which means the risk of non– repayment of loans is less as compared to other finance business. It is a safest route to lend loans and the loans given to its members are at very nominal rates.
  • The ownership of Nidhi Company is easily transferable.

Nidhi Company registration in Chandigarh through Aggarwals & Associates

It is formed in 20-30 working days.

Aggarwals and Associates Nidhi Company registration package includes:-

  • DSC of two Directors.
  • DIN of two Directors.
  • Name search and approval
  • ROC registration fees
  • Company PAN card