Consult an Expert
Business Setup
Trademarks & IP
Licenses & Registrations
Accounting & Tax
Get your Nidhi company registered with us in 10 working days.
1 DSC and 3 DINs included. Company name registration & Expert support till RBI principle approval
Get Started
1
Get DSC and DIN
2
Select an appropriate company name
3
Draft MOA and AOA
4
Avail CIN and certificate of incorporation
5
Apply for TAN, PAN
Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.
Rachna Pathania
Founder & CEO of SchnellTek Software Pvt. Ltd.
Zolvit has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!
Satya Vasireddy & Sravani Vasireddy
Founders of Lovely Chocos
Zolvit is exactly what it does. Legal is simple. We went to Zolvit to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.
Adarsh Agarwal
CEO & Developer of Golghar.com
Nidhi company registration online in India is now easy with Zolvit. To guarantee that your papers are always secure, Zolvit implements the best security protocols available in the market.
Self-attested copies of your driver's license
Voter ID
Aadhaar card
Passport
Passport-size self-attested copies of your bank statement
Phone bill and electricity bill
Certificate with a specimen photographic signature
Pan Card
Photo of each director and shareholder
New Company
We Register a New Company Every 9 Minutes
50,000+
Businesses Served by Zolvit
Financial Services
All Financial Services in One Place
Quick & Affordable
Nominal rates, great turnaround time
Satisfaction
100% satisfaction guaranteed
Did you know?
The Nidhi Rules, 2014 govern Nidhi businesses. As a result of its incorporation as a public limited company, they are required to abide by two sets of regulations: the Nidhi rules of 2014 and the public limited company requirements under the Companies Act of 2013. The RBI has expressly exempted this kind of NBFC in India from complying with its basic rules, including as registration with the RBI, hence no clearance from the RBI is required in order to register the firm. Every nidhi organisation must make sure that it has 200 members or more within a year of its founding.
How can I expand the operations of my Nidhi Company?
Should I stop my Nidhi Company because, although having served for a full year, it has not attracted the required number of representatives?
Are members of a Nidhi Company permitted to credit or debit money to the general fund?
What conditions must be fulfilled before one can represent a Nidhi Company?
What should the maximum cash deposit amount be for a Nidhi Company's representatives?
Is Nidhi Company legal?
Who is the Nidhi Company's owner?
It is a firm recognised under Section 406 of the Companies Act of 2013 as belonging to the non-banking financial sector in India. Its primary activity is the lending and borrowing of funds among their members. They are also referred to as mutual benefit companies, benefit funds, mutual benefit Funds, and permanent funds.The Ministry of Corporate Affairs (MCA) which oversees them, has the power to give them directives about how they conduct their deposit acceptance business. Nevertheless, given that these businesses solely interact with their shareholder-members. It is a business model that was established with the intention of encouraging its members to practise thrift and save money, as well as to accept deposits from and lend to them solely for their mutual benefit.
Before the Companies Act of 2013, Nidhi companies already existed. The ‘principle of mutuality’ is the fundamental tenet of nidhi. South India is where these businesses are more well-known, and Tamil Nadu is where 80% of Nidhi businesses are based.
Less risky
Less compliance and there are no RBI regulations.
Nidhi Company is much welcomed
User friendly and affordable
Really simple to form
Step 1: Obtain DSC and DIN
A DIN (Director Identification Number) and DSC are first and foremost required for all directors (Digital Signature Certificate). Zolvit will apply for these two documents. It is crucial for all the directors to have these two documents.
Step 2: Name approval is Requested
The shareholders or directors must now submit three names to the MCA in order to request name permission in the second step. Additionally, the MCA will select one name for the aforementioned company from among all the recommended names. Additionally, it will be taken into account that each name recommended must be original and distinct from the names of any other companies. The Companies Act of 2013 Rule 8 also specifies that the approved name will only be used in the business.
Step 3: Drafting the MOA and AOA
As soon as the name is approved the directors should provide an application for registering the firm through form INC-32. It has to be provided along with Articles of Association (AOA) and Memorandum of Association (MOA). While drafting these two documents make sure to clearly mention the reason for forming the Nidhi company.
Step 4: Get Company Identification Number (CIN)
Obtaining the certification of Incorporation of a Nidhi company typically takes 15 to 25 days. Additionally, this certificate serves as documentation that the aforementioned company has been incorporated. Additionally, the CIN of the company is mentioned in this certificate.
step 5 : Applying For a TAN, PAN and Opening a Bank Account
Last but not least, the directors must submit PAN and TAN (Tax Deduction Account Number). Apart from this the shareholders and the directors should also open a functioning bank account under the company's name. While opening the bank account they should provide the AoA, MoA and the assigned Pan information along with the registration certificate.
