Nidhi Company Registration: The Easy Online Process

What is a Nidhi Company?

A Nidhi Company is a type of company, where the liability of all the shareholders is limited to the amount they have contributed to the capital. A Nidhi Company can also be called as a Private Limited Company. It is governed by the Companies Act, 2013, and it is in force from 1 April, 2014. There are three classes of Nidhis - public limited company, private limited company and one person company. Nidhis typically have 2-50 shareholders and up to two directors or managers. In order to establish a Nidhi Company in India, you will need at least seven members who would want to take responsibility for the liabilities of this company. Nidhi Company Registration form has been designed so that anyone can fill out their details on the form without any difficulty. Once submitted, an email with all your details will be sent to your account within 12 hours. You may receive an email which is not related to nidhi company registration or nidhi company in India but since it is just an automated email, don't panic and ignore it when you receive such emails. Nidhis are governed by the Ministry of Corporate Affairs (MCA). They help people set up businesses easily and then manage them legally with fewer restrictions than other types of companies under Section 44 C of Indian Constitution.

What are the Requirements for Nidhi Company Registration?

The Nidhi Company Registration Process is a simple and straightforward process that does not require much documentation. All you need to do is fill out the Nidhi company registration form, pay a small fee, and submit it to the Nidhi Registrar of Companies. In order to register your new business,

You will need to provide the following details in your Nidhi company registration form:

1. Name of the founder/s of the Nidhi Company (maximum two) -Father's name of founder/s -Mother's name of founder/s (if applicable) -Date of birth for each founder/member (DD MMM YYYY)

2. Designation for each founder/member (e.g. Director, Secretary etc.)

3. Address of registered office where registered office documents should be sent

4. Type of Nidhi Company

5. Industry Sector for which Nidhi Company is being registered

6. Corporate Name for the Nidhi Company (should not be similar or identical to other companies)

7. Date when Nidhi Company was founded

8. Purpose of Nidhi Company e.g.: manufacturing, trading, investment holding etc.

9. Whether the Nidhi Company has branches or subsidiaries abroad (and if so, where)

Conclusion

The Nidhi company registration process is made easy with the help of a Nidhi company registration form. You can register a Nidhi company from the comfort of your own home, office or anywhere that you have access to the internet. This Nidhi company registration process saves you time and effort so it is worth considering for all those who are interested in starting their own Nidhi Company in India.