What is Nidhi Limited, Nidhi Company Registration, Nidhi Companies Act
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NIDHI<br />
COMPANY
WHAT IS<br />
NIDHI<br />
COMPANY<br />
?<br />
A <strong>Nidhi</strong> <strong>Company</strong> may be a public<br />
company that <strong>is</strong> created with a<br />
sole purpose of accepted deposit<br />
and d<strong>is</strong>position cash solely to its<br />
members.<br />
It’s additionally associate Non-<br />
Banking monetary <strong>Company</strong><br />
(NBFC) that has been exempted<br />
from the prov<strong>is</strong>ions of run.
DO’S OF<br />
NIDHI<br />
COMPANY<br />
Secured loan, i.e. it can only give loan<br />
against certain securities like gold, silver,<br />
immovable property etc.<br />
Can offer locker facility and charge fee for<br />
the same.<br />
Can open collection centers if all<br />
compliances are duly fulfilled.
Unsecured loans, i.e. it cannot extend loan<br />
based upon surety, guarantee, ITR based etc.<br />
DONOT’S<br />
OF NIDHI<br />
COMPANY<br />
No Micro finance work can be done under<br />
<strong>Nidhi</strong> <strong>Company</strong> and no vehicle loans, etc.<br />
A <strong>Nidhi</strong> cannot pay comm<strong>is</strong>sion to leverage<br />
deposits.<br />
A <strong>Nidhi</strong> cannot invest in land, in other<br />
companies, in stock market etc.
NIDHI<br />
SOFTWARE<br />
COMPANY
COST<br />
ESTIMATI<br />
ON<br />
Digital Signature Certificate (DSC) - 6,993<br />
Director Identification Number (DIN) - 1,500<br />
Name Approval - 1,000<br />
MOA, AOA and Incorporation Fee - 24,000<br />
Stamp Duty of the Respective State - 1,500<br />
PAN and Tan Application - 180<br />
Professional Fee - 11,827<br />
GST - 4,300<br />
Total <strong>Nidhi</strong> <strong>Company</strong> Reg<strong>is</strong>tration Cost in India - 51,300
LOAN<br />
UNDER<br />
NIDHI<br />
COMPANY<br />
The maximum loans to 1 person shall<br />
not exceed Rs.200, 000 if deposits <strong>is</strong> a<br />
smaller amount than a pair of large<br />
integer.<br />
<strong>Nidhi</strong> <strong>Company</strong> cannot provide any<br />
unsecured loan or small finance loans.<br />
The maximum amount of gold loan <strong>is</strong><br />
one year.
LOAN<br />
UNDER<br />
NIDHI<br />
COMPANY<br />
The reimbursement amount for loan<br />
against property cannot exceed seven<br />
years.<br />
The maximum gold loan <strong>is</strong> eightieth of<br />
the worth of the gold.<br />
<strong>Nidhi</strong> <strong>Company</strong> cannot offer vehicle<br />
loans etc.
NIDHI<br />
SOFTWARE<br />
COMPANY
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