Nidhi Company Registration
“Nidhi” is a word of Hindi which means finance or fund. It is a type of non-banking financial company incorporated and registered under the company’s act, 2013 with the main aim of borrowing and lending money to its members. It develops the habit of saving among its members and works on the principle of mutual benefit.
Minimum three directors are needed for the registration of Nidhi Company. Nidhi company registration is very easy and it does not require RBI approval. Its registration is very economical too. All those companies which are incorporated as Nidhi Companies must use the last word as “Nidhi Limited” as part of its name. No background check is needed for the registration of Nidhi Company. Anybody can form a Nidhi company.
What Nidhi Company offers?
Documents Needed for the Registration of Nidhi Company
Passport size photographs of directors.
Copy of Voter Id card/Aadhar card of directors.
Copy of Director’s PAN card
No objection certificate (NOC) from the landlord.
Water/Electricity Bill of the business place
Rent Agreement copy (if using rented property).
Copy of the Property papers (if property is owned by you)