Not Microfinance Company but still have an objective of providing financial facilities to your members? Register Nidhi Company to take loans from members and to lend the same money to the members. Register now at the starting price of INR 13,999/- only.
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Nidhi Company registration is a registration of a non-banking financial company. The word Nidhi in the Indian language means Treasure. However, in the Indian financial sector it refers to any mutual benefit society notified by the Central / Union Government as a Nidhi Company.
Nidhi Company is not allowed to do micro finance business or in other words, Nidhi Company is not allowed to provide unsecured loans to its members. Nidhi Company can only lend a secured loan that too only to its members.
Nidhi Company and Microfinance Company are two different forms of business. Let us have a quick look at the comparison of both the companies
Points |
Nidhi Company |
Micro Finance Company |
Law applicability |
Companies Act, 2013 |
Companies Act, 2013 |
Who gets benefits? |
The individuals go for the Nidhi company incorporation to develop the saving habit and self-reliance. |
Micro Finance Company support a lot of the services to groups and individuals which is associated to the fund. |
Minimum share capital |
5 Lakhs |
5 Crores |
Minimum shareholder / clients |
7 |
unlimited clients / customers |
EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Nidhi Company in India is easy, seamless, cheapest and quickest with EbizFiling.com! Apart from a Nidhi Company, EbizFiling.com also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and Proprietorship Firm Registration easily. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.
ESSENTIAL₹ 19999/-(All Inclusive)
ENHANCED₹ 25999/-(All Inclusive)
ULTIMATE₹ 31999/-(All Inclusive)
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The following are the main benefits of the Nidhi Company
Read in Detail: The advantages and disadvantages of Nidhi Company.
5 Easy Steps
Obtain DSC
Reserve Your Company Name
Submission of MOA & AOA
Get Company’s Incorporation Certificate
Get the Company’s PAN & TAN
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Nidhi Company business. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Nidhi Company in Part A of SPICe Plus form.
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
Members are only individuals. Bodies Corporate or Trusts are never to be admitted as Members.
A Nidhi to be incorporated under the Companies Act, 2013 shall be a public company.
Nidhi Companies are not allowed to do a Micro Finance business in India. Micro Finance credit is a type of business which has been specifically assigned to Non-Banking Financial Companies (NBFC) with a minimum net owned fund of Rs.5 crore.
Government fees for registering a Nidhi Company in India depends on the authorized capital of the Company. Greater the Authorized Capital greater is the Registration fee. To know more about the fees structures and professional charges / prices for Nidhi Company registration in India, you can contact Ebizfiling professional at info@ebizfiling.com.
Ebizfiling.com provides Nidhi Company Registration all across India. You can obtain Nidhi Company Registration in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur or any other cities easily with us.
Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.
Not Microfinance Company but still have an objective of providing financial facilities to your members? Register Nidhi Company to take loans from members and to lend the same money to the members. Register now at the starting price of INR 13,999/- only.
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