INR 54,999 /- (All Inclusive)
Easy to Setup, Easy to Register
A feasible option for low-budget businessmen who want to safeguard investments! Cultivate the practice of thrift and savings among company members.
The Hindi term ‘Nidhi’ typically refers to finance or fund. Nidhi Company simply refers to a company that has been setup with an objective to develop the practice of savings and reserve funds among its members and also obtaining deposits and offering to its members only for their mutual advantages.
There must be a minimum of 7 person required including 3 directors to incorporate a Nidhi Company. As this kind of company is easy to setup and register, a large number of entrepreneurs choose to go this way to give life to their dreams. Here it is important to note that all such companies have the last word as “Nidhi Limited” as part of their name. Being registered like public limited companies, Nidhi Company encompasses all the features of public limited companies, for example, limited liability.
The advantages associated with Nidhi Company include:
At Trademark Bazaar, we have experienced professionals who are able to guide through your decision to setup a Nidhi Company. From giving initial consultation to preparing documents, and obtaining necessary approvals, we leave no stone unturned to give wings to your dream of having your own business entity.
For all those who have a low-budget and want to setup a formal business, Nidhi Company is the most sought after option. It is very much easy to setup a Nidhi Company as it doesn’t involve any background check and no prescribed qualifications required for the owners.
* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh, Sikkim
* Charges extra for NRI/Foreign Directors
What are the requirements for incorporating a Nidhi Company?
A Nidhi company is generally registered like a Public Limited Company. Therefore, the requirements for setting up a Nidhi company involved a minimum of three Directors and Seven Shareholders. Though, the MOA of a Nidhi company must mention that the foremost objective of the proposed company is to cultivate and endorse a practice of thriftiness and savings among its members, and receive deposits from or lend loans only to its members, for their mutual benefits.
What about the safety of the deposits with the company?
The deposits are depends upon company guidelines and there should be follow by company.
How does the Nidhi Company use the fund/deposit procured by it?
Nidhi Company utilizes the funds in loaning to the Shareholder/members only as per the Nidhi company rules. Nidhi Company lending is typically done in theform of small loans for business and microfinance.
Who can invest in a Nidhi Company?
Only shareholders/members of the Nidhi Company, who possess a membership ID, can choose to investin the company. To become a member, one must be of 18 years and aboveby given age proof and must be a citizen of India.
Can I become a Shareholder/Member of the Nidhi Company?
1. Business Restrictions:
Nidhi Companies are stringentlyproscribed from getting involved into the following kinds of businesses:
· Business related to chit fund, hire purchase finance, leasing finance, insurance or acquisition of securities issued by anybody corporate. Nidhi Companies cannot conduct any business other than the business of borrowing or lending in its own name.
2. General Restrictions:
· Nidhi Companies are not meant to issue any shares, debentures or any other securities by any name or in any form whatsoever.
· Nidhi Companies cannot run current account with its members. Please note that there is a limitation on current account that refers that one can still open savings account with the members.
· Nidhi Companies cannot concern or cause to be given any advertisement in any type for soliciting deposit.
· Nidhi Companies cannot pay any brokerage or incentive for activating deposits from members or for placement of funds or for yielding loans.
Can a minor become the member of a Nidhi Company?
No, a minor won’t be permitted to act as a member of Nidhi but deposits may be invited in the name of a minor, if they are done by the natural or legal guardian who is a Nidhi member.
What does ‘Net Owned Funds’ mean?
“Net Owned Funds” simply refer to thecumulative of paid up equity share capital and spare reserves as abridged by accrued losses and imperceptible assets mentioned in the latest audited balance sheet.
Profits from issue of preference share shall not be involved in Net Owned Funds.
The most preferred partner in India for those looking to set up their own business. Give your business dream a flying start with us as we are right here to make it realistic and possible in a cost effective manner. Set up in the year 2017, our aim is to make it easy and affordable for entrepreneurs to make their boats sailing in the right manner. Right from the beginning, we are poised towards infusing unprecedented levels of ease and value in the company incorporation procedure.
We help entrepreneurs in meeting legal and regulatory requirements by partnering them at each & every stage of their business life cycle.
Setting up a Business :-
Setting up a business in India is quite a mountainous job for many due to huge complexity. Be it a Private Limited Company, Public Limited Company, Limited Liability Partnership, Sole Proprietorship, One Person Company or any other company format, choosing the right procedure and meeting all statutory guidelines is utmost necessary for a smoother drive ahead. At Trademark Bazaar, our business incorporation experts would guide you through the most appropriate business model basis your distinctive needs, budget and other factors. Our personalized and consultative approach towards business incorporation makes us a leader in the segment.
Intellectual Property :
Securing your business assets is another important aspect for a business owner. Intellectual property elements such as trademark, copyright, and patents need to be obtained in a prescribed manner from the respective authority so as to gain full control of your products/services. At Trademark Bazaar, we are all set to provide full-fledged assistance in regard to Intellectual Property management. Irrespective of your industry type and product category, our professionals are ready to provide value-oriented services in a cost effective manner.
Be it Trademark Registration, Copyright Registration, Patent Search, or Design Registration; get all IP-related services under one roof in a professional environment.
