Nidhi Companies in India are governed by the Companies Act, 2013 and Nidhi Rules, 2014. They are incorporated with the object of cultivating the habit of thrift and savings among members and receiving deposits from and lending to members.
Nidhi companies provide a structured platform for community-based financial activities, helping members save money and access loans at competitive rates. They foster financial discipline and mutual cooperation among members.
The government fees for Nidhi Company registration is approximately Rs. 8,000 to Rs. 12,000 including incorporation and stamp duty. Professional fees range from Rs. 15,000 to Rs. 25,000 due to complex compliance requirements.
The Nidhi Company registration process involves 6 key steps:
Obtain Digital Signature Certificate for all 7 Directors
Apply for Director Identification Number (DIN) for all Directors
Reserve Company Name with "Nidhi Limited" suffix
Prepare MOA and AOA with Nidhi-specific objects
File incorporation documents with MCA
Apply for Nidhi Declaration after meeting requirements
Nidhi Company registration in Nashik creates a legal framework for community-based financial services. It promotes savings culture and provides affordable credit to members while ensuring regulatory compliance and financial transparency.
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