Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit. Nidhi company registration requires minimum 3 members. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name. Nidhi company is easy and economical to register. Nidhi Company is a Non-Banking Financial Company (NBFC) which does not require any license from the RBI. The Nidhi Company is very easy and cheap to register. Anybody can register a Nidhi Company; there is no background check, nor are there did any prescribed qualifications for its owners. Nidhi Companies cannot deal with anybody other than its members.
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.
A Nidhi Company is a legal entity and a juristic person. It has wide legal capacity and can own property.
A Nidhi Company must have a minimum of 7 Shareholders, 3 Directors & 10 Lakhs of Capital.
Private limited companies enjoy perpetual succession because the company is its own legal entity.
By transferring the shares held in the company, the ownership can be transferred
A Nidhi company is allowed to take deposit from its members and lend to its members only.
The RBI is empowered to issue directions to them in matters relating to their deposit acceptance activities.
Obtain help of Professionals & Subject matter experts at CFO Affairs to understand the intricacies involved in the registration. We are more than happy to educate you and make your entity registration a hassle free process.
CFO Affairs helps you register in 5 to 6 working days, subject to MCA and client processing time.
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