What is Nidhi Company?
A Nidhi Company stands as a beacon of financial solidarity, operating within India's non-banking financial sector under the robust guidelines of the Nidhi Rules, 2014, and the encompassing framework of the Companies Act, 2013 (Section 406). As a distinctive public limited company, its essence is to nurture savings and extend financial assistance through loans among its members.
Why Opt for Nidhi Company Registration?
Promotes Savings & Financial Assistance: A pivotal platform for managing member deposits and loans, encouraging financial wisdom. Regulatory Freedom: Enjoy relaxed annual compliance and tax assessments, thanks to specific exemptions under Indian law. Tailored Financial Entity: Governed by a set of laws designed to exclusively benefit its member-shareholders.
Embarking on Your Nidhi Company Registration Journey
eFileTax simplifies your registration experience, ensuring adherence to legal norms and fostering a community of financial support among members. Embrace the ease of formation, operational autonomy free from RBI's direct oversight, and a host of benefits geared towards promoting savings and mutual aid.
Your Nidhi Company Registration Roadmap with eFileTax
Digital and Director Credentials: Begin with obtaining your Digital Signature Certificate (DSC) and Directors Identification Number (DIN).
Drafting Your Foundation: Craft your Memorandum of Association (MoA) and Articles of Association (AoA), outlining your Nidhi Company's purpose.
Naming Your Venture: Select a unique name, approved by the Ministry of Corporate Affairs (MCA), reflecting your Nidhi Company's mission.
Sealing the Deal: Submit your registration application, accompanied by your MoA and AoA, to the MCA.
Recognition and Beyond: Receive your Certificate of Incorporation, marking the official birth of your Nidhi Company.
Key Compliance Post-Registration
- Member Milestones: Achieve a minimum of 200 members within your first year.
- Financial Ratios and Returns: Maintain a healthy balance between your net-owned funds and deposit ratios, alongside submitting annual financial statements and income tax returns.
Why Choose eFileTax for Your Nidhi Company Registration?
eFileTax stands apart as your expert ally, guiding you through each step of the Nidhi Company registration process. Our comprehensive approach not only demystifies the initial setup but also aligns with your ongoing compliance and operational needs, ensuring a smooth journey towards fostering a community of financial well-being.