Nidhi Company

Nidhi Company registration in India involves setting up a type of non-banking financial institution that primarily deals with borrowing and lending money among its members or shareholders. Nidhi Companies are regulated under the Companies Act, 2013. The primary objective of a Nidhi Company is to promote the habit of thrift and savings among its members and to lend funds to its members.

Steps to Register a Nidhi Company

Setting up a Nidhi Company in India involves a structured and regulatory process. Below are the key steps to register a Nidhi company in India:

• Minimum Requirements (3 directors & 7 shareholders)
• Digital Signature Certificate (DSC)
• Director Identification Number (DIN)
• Name Approval
• Memorandum and Articles of Association
• Incorporation Documents
• Stamping and Payment
• Certificate of Incorporation
• PAN and TAN
• Business Commencement
• Nidhi Company Rules
• Operational Compliance

It's crucial to consult with a legal professional like Online Legal Aid India who has experience in setting up Nidhi Companies to ensure that you follow all the legal requirements and procedures correctly. The process may vary slightly depending on the specific circumstances of your company.