Nidhi Company Registration

Planning to register a Nidhi Company? Just Register your Nidhi Company with Swami Samarth Infotech at the most affordable price.

About This Package

The word "Nidhi" is a word commonly found in the Hindi vocabulary that means "treasure". It is created basically for the motive of encouraging savings and thrift among its members.

Nidhi companies are allowed to take a deposit from their members and lend to their members-only which means that the funds contributed into a Nidhi company come only from its members (shareholders) and are to be used only by the shareholders of the Nidhi Company. It is also referred to as the Mutual Benefit Society because it works for the mutual benefit and welfare of all its members. Nidhi Company is the only company which can accept deposits and lend money without the approval of RBI.

If you want to start the business for the financing of the loan in India, then Nidhi Company is the most convenient way to start. My Legal Clinic is specialised in company registration and manages hundreds of companies across the country.

Key Features:

No RBI registration required
Earn interest up to 20% on loan on reducing balance method
Accept fixed deposit, recurring deposit & savings and earn a 12% rate of interest
Lend only against gold, property, FD, Govt securities
Can open 3 branches after 3 years within the district
Need to add minimum 200 members within 12 months of registration
Can take deposits up to 20 times the funds invested. Invest 5 lakh and accept 1 Cr
Annual Compliances After Registration:
Filing of Income Tax Return of the Company
Filing of Profit & Loss A/c and Balance Sheet to Ministry of Corporate Affairs in form AOC-4
Filing of Annual Return to Ministry of Corporate Affairs in Form MGT-7
Filing of Form NDH-1 to provide the list of members within 90 days from the end of every financial year
Filing of Form NDH-3 which is a half-yearly return filed to check whether the Nidhi company is working as per the rules or not