Nidhi Company is a non-financial banking company doing the business of lending and borrowing with its members and shareholders. The primary aim of Nidhi Company can only be of cultivating the habit of thrift and savings amongst its members. It is receiving deposits from and lending to its members only for their mutual benefit. . They are also called benefit funds, permanent fund, mutual benefit company and mutual benefit funds. They are governed by Ministry of Corporate Affairs.
Nidhi companies are compared to the banking sector and promotes the cultivation of savings amongst a group of members. A company which sustains on the sole purpose of creating awareness among people with regards to savings. The main contributions of funds generated in Nidhi investments are realized from its members. One Click Business Solutions Pvt Ltd has a team of passionate and highly experienced professionals to offer nidhi company registration service.
How is a Nidhi Company registration done?
We are aware of nidhi company registration online procedure to make the registration process in few days. Our professionals offer the best services in cost-effective nidhi company registration fees. If you want to start your nidhi company in low cost, contact us as soon as possible.
Requirements
for Nidhi Company Registration :-
- The name should contain “Nidhi Limited”
- The Nidhi Company which is required to be
incorporated shall be a “Public Company”
- It must possess a minimum paid up equity share
capital of Rs. 5,00,000
- A
minimum of 7 Members are required to register a Nidhi Company.
- Minimum
of 3 Directors are required.
- The ratio of Net Owned Funds to Deposits should be 1:20
- Not less than 200 members
- Net owned funds of Rs 10 lakhs or more
Advantages of Nidhi Company :-
The advantages of Nidhi Company Registration in India are-
- Nidhi Company is outside the glance of Reserve Bank of India. It does not need RBI's license for managing a loan business in India.
- Liability of Directors and shareholders of the Nidhi Company is limited.
- The acknowledge term deposits from members for opportune and secured returns
- The loans given to the members are at a lower rate of interest than the market rate.
- Ease of formation and They just have to incorporate themselves as a public company with the MCA,
- Nidhi Company is a separate legal entity that can acquire assets and debts in its own name.
By reading the content, you have obtained an overview about the basics, registration process and advantages. If you are looking more information in brief of Nidhi Company, you can contact freely at One Click Business Solutions to get best nidhi company registration consultant for your business.