A Nidhi Company is a Non Banking Financial Company (NBFC) in India which operates under 2014 Regulatory rules. Under section 406 of the Companies Act, 2013 the registration of Nidhi company takes place and operates. The primary purpose is to encourage  savings among its members while facilitating financial assistance through lending. These companies generally operate in Souther parts of India. It’s registration doesn’t require any licensing from RBI and hence have less legal formalities. It is registred as a public company and should have “Nidhi Limited” in the last of it’s name. The Major role of company is to lend and borrow meny among it’s members. It may take upto 2-3 weeks in registration of this kind of company.

Minimum Requirements for Nidhi Company Registration

Benefits of Nidhi Company Registration

Activities prohibited for Nidhi Company in India.

Nidhi Companies can’t do following Activities:

Nidhi Registration Process and price

Nidhi Registration Costs around 20k in Mumbai which includes digital signature certificate, DIN Allocation, Government fees and professional fees. This charges varies as per number of members and state as given cost is for 7 members.

Documents Required for Registration

Online Nidhi Company Registration

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