Nidhi Company Registration
What is Nidhi Limited Company
This Nidhi Limited Company is a type of Non-Banking Financial Company (NBFC) which is Registered under Indian Companies Act, 2013 and doesn’t require RBI Licence. This Nidhi Limited Company can accept money and Lend money to its members only for their mutual benifit.

Incorporation & Governing Law
The incorporation process and procedure is as similar as that of the Limited Company. The Governing Act is Indian Comapnies Act, 2013.

Why to choose a Nidhi imited Company
It’s a Separate Legal Entity: Like Limited Company, Nidhi Limited is also a Separate Legal Entity. Hence it can acquire Property and deserve debts.

No RBI Licence required: Nidhi Limited doesn’t require any legal clearance or licence from Reserve bank of India, as this doesnot deal with non-members.

Perpetual Succession: Until the Nidhi Limited is dissolved, it will have continues existence. This is unaffected by the death or insolvency of any member..

Interest rate
There are three types of loans granted to the members

Gold Loan
Property Loan
Other miscellaneous loans.
The maximum rate of interest shall be 7.5% against the loan amount.

Basics of Nidhi Limited Company
Minimum 7 members
Minimum 3 Directors
The company name should end with Nidhi Limited
Minimum 5,00,000/- equity paid up share Capital
Nidhi Limited cannot deal with any Non-Members
Documents required for nidhi company registration in chennai
The following Documents are required for the Registration of a Nidhi Company or nidhi registration.

ID proof of all the members
Address proof of all the members
PAN Card of all the members
Rental Deed (If rented) /Sale deed (if owned)
EB Card / EB bill
Passport size photo