Gsagroups provides the comprehensive services for business registration, including the incorporation of Nidhi Companies. which refers to the process of forming a non-banking financial company (NBFC) in India under Section 406 of the Companies Act, 2013. Nidhi Companies primarily promote the habit of savings and thrift among their members and loan funds to them. They are governed by Nidhi Rules, 2014, and are restricted to accepting deposits and providing loans only to their members. The registration requires a minimum of 7 members and 3 directors, with a minimum capital of ₹10 lakh. Nidhi Companies offer a simplified way for small groups to manage savings and borrowing collectively without outside interference. 

Purpose of Nidhi company involves:

✅ Documentation and Filing: Support with preparing and submitting documentation to the Ministry of Corporate Affairs.

✅ Company Incorporation: Obtain the Certificate of Incorporation (COI) and register under the Companies Act of 2013.

✅ Legal Compliance: Ensures compliance with Nidhi Rules, 2014 and provides direction on maintaining statutory records. 

✅ Post-Registration Support: Assistance with PAN, TAN, bank account establishment and regulatory compliance.

The process for registering a Nidhi Company gsagroups involves several key steps:

1. Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN): All proposed directors must obtain DSCs and DINs to enable electronic filing.

2. Name Reservation: Submit up to three different names for the company to the Ministry of Corporate Affairs (MCA). The chosen name must be unique and not currently in use. Once approved, the name will be reserved for 20 days.

3. Drafting the Memorandum and Articles of Association (MOA and AOA): Prepare these basic documents, which outline the company’s targets and operational rules, and submit them to the Registrar of Companies (ROC).

4. Certificate of Incorporation: After verifying and approving the filed documentation, the ROC issues a Certificate of Incorporation that officially recognizes the company.

5. Post-Incorporation Compliance: After incorporation, the company must get a Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), and create a bank account. Within one year, the company should have at least 200 members and a net owned fund of ₹10 lakh. gsagroups.in

Gsagroups provides skilled help in Nidhi Company registration with various advantages, including:

• Expert guidance: It is easy registration and compliance with the Companies Act, 2013 and Nidhi Rules, 2014.
• Effortless Documentation: They manage all paperwork, including MoA, AoA, and incorporation forms, ensuring accuracy and efficiency. 
• Quick Processing: Their expertise expedites the registration process, avoiding unnecessary delays.
• Legal Compliance: They ensure your Nidhi Company complies with all legal requirements, reducing the risk of penalties.
• Ongoing Support: After registration, gsagroups offers services such as annual compliance filing, bookkeeping, and legal support.

What are Nidhi Company’s Restrictions?

• They are not permitted to operate charity funds, insurance companies, or other similar activities.
• Nidhi Company is not authorized to issue instruments such as preference shares, debentures, and so on.
• They are not permitted to open current accounts with their members.
• It cannot create a partnership to engage in lending and borrowing activities.
• It is not permissible to acquire another company. gsagroups.in

Points of Eligibility and Compliance:

✅ At least seven members 
✅ At least three directors 
✅ A minimum of 10 lakh rupees is required. The name of the business must include “Nidhi Limited” 
✅ The main goal is to encourage members to save and be economical.

Documents Required from Directors / Shareholders:

• PAN Card – Mandatory for all directors and shareholders.
• Aadhar Card – Address and identity proof.
• Passport (if applicable) – For NRIs or foreign nationals.
• Voter ID / Driving License – Additional ID proof.
• Latest Bank Statement / Utility Bill – As address proof (not older than 2 months).
• Passport Size Photographs – Recent.

Proof of Registered Office:

• Address Proof: Gas, Water, and
• Electricity Bills: Current, no more than two months old.
• Rent Agreement: In the business’s name, if the property is rented.
• NOC: The owner of the property issues a No Objection Certificate (NOC).

Company-related Documents:

• Proposed Name of the Company – Minimum two name options for approval.
• Object of the Company / Business Plan – Clearly stating it is a Nidhi Company.
• Memorandum of Association (MOA) – Draft stating the objectives.
• Articles of Association (AOA) – Draft outlining the company rules.
• Consent to Act as Director (DIR-2 Form).
• Declaration by Directors & Subscribers (INC-9) – As per MCA format.
• Digital Signature Certificate (DSC) – For all directors. gsagroups.in