Nidhi Company Registration

Nidhi Company Registration & Compliance Services in Gujarat

Advantages of a Nidhi Company

• Limited Liability Protection – Safeguards directors’ personal assets

• Accept Deposits & Grant Loans – Provides financial support to members

• Easy Access to Public Funds – Enables smooth financial transactions

• Encourages Savings – Promotes financial discipline among members

• Simpler Structure Than NBFC – Operates with fewer regulatory complexities

Minimum Requirements for Nidhi Company Registration

• Minimum Three Directors

• Minimum Seven Shareholders

• Minimum Capital Requirement: INR 10,00,000/-

• Maximum Fifteen Directors

• At least one Director must be an Indian resident

Introduction to Nidhi Companies

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that promotes financial stability and saving habits among its members. It allows members to deposit money and avail credit at lower interest rates compared to traditional banks. However, Nidhi Companies can only accept deposits from and provide loans to their members and cannot engage with external corporate bodies.

L & C TechFin Advisory Pvt Ltd, a leading financial consulting firm in Gujarat, provides end-to-end services for Nidhi Company registration and compliance. Our experts ensure a smooth registration process while adhering to all legal requirements.

Basic Conditions for Incorporating a Nidhi Company in Gujarat

1. Must Operate as a Public Company – A Nidhi Company must be registered as a public limited company.

2. No Preference Shares – A Nidhi Company cannot issue preference shares to its members.

3. Paid-up Share Capital – The minimum paid-up equity share capital required is INR 10 Lakhs.

4. MOA Inclusions – The company’s Memorandum of Association (MOA) must specify that it is established for accepting deposits and lending money to members only.

5. Company Name Requirement – The company’s name must end with “Nidhi Limited.”

Requirements for Nidhi Company Registration in Gujarat

1. Compliance Requirements Post Incorporation

Within one year of incorporation, a Nidhi Company must:

• Have at least 200 members

• Maintain a minimum Net Owned Fund (NOF) of INR 20 Lakhs

• Maintain at least 10% of outstanding deposits as unencumbered term deposits

• Ensure the Net Owned Fund to Deposit ratio does not exceed 1:20

2. Minimum Number of Members and Directors

• Minimum Members Required: 7

• Minimum Directors Required: 3

• Directors are responsible for overseeing the company’s operations and financial transactions.

3. Documents Required for Registration

• Self-attested ID proof (Aadhaar, Passport, Voter ID, Driving License) of directors and members

• Self-attested address proof (Bank Statement, Electricity Bill, Telephone Bill) of directors and members

• PAN Card copies of all directors and members

• Passport-size photographs of all directors and members

• Registered office proof (Utility bill and Rent Agreement if rented, or Property Papers if owned)

• NOC from property owner if the office space is rented

4. Additional Information Required

• Proposed authorized and paid-up share capital

• Birthplace and duration of stay of directors at current residence

• Occupation and educational qualifications of all directors and members

• Email IDs and contact details of all directors and members

• Proposed business objectives of the company

Step-by-Step Process for Nidhi Company Registration

Step 1: Name Reservation

• Apply for name reservation through SPICe+ (MCA Portal) with L & C TechFin Advisory Pvt Ltd’s assistance.

• Ensure name availability on MCA and Trademark Portal before applying.

Step 2: Filing of SPICe+ Form

• Fill Part B of SPICe+, along with MOA (INC-33), AOA (INC-34), and AGILE-PRO for company registration.

Step 3: Digital Signature Certification (DSC)

• Convert SPICe+ form into PDF format and affix DSC of directors.

Step 4: Submission to MCA

• Upload the digitally signed form on the Ministry of Corporate Affairs (MCA) portal.

Step 5: Declaration by Directors & Subscribers

• Submit Form INC-9, declaring compliance with regulations.

Recent Amendments in Nidhi Company Regulations

• No Need for SRN Mentioning – Auto-populated in SPICe+ Part B

• Mandatory EPFO & ESIC Registration – Effective from February 2020

• Professional Tax Registration in Maharashtra – Mandatory for companies incorporated in Maharashtra

• Mandatory Bank Account Opening – Done through AGILE-PRO linked web form

• Declaration in PDF Format – Auto-generated for first subscribers and directors

• Mandatory Use of e-MOA (INC-33) and e-AOA (INC-34) (for up to 7 subscribers)

Why Choose L & C TechFin Advisory Pvt Ltd for Nidhi Company Registration in Gujarat?

✅ Expert Consultation – Experienced professionals to guide you through the registration process. ✅ Hassle-Free Documentation – We handle all paperwork and compliance requirements. ✅ Fast & Affordable Services – Get your Nidhi Company registered quickly and cost-effectively. ✅ Post-Incorporation Compliance Support – Ongoing assistance with ROC filings and legal formalities.

Get Started Today! Register your Nidhi Company in Gujarat with L & C TechFin Advisory Pvt Ltd and enjoy seamless financial operations with complete compliance.