Nidhi Company Registration in Bangalore

Nidhi company registration in Bangalore can be registered through solubilis who provides their finest service with a 10+ years of experience in the registration sector. We serve in major localities of Bangalore like Kr Puram, Electronic city, Domlur, shanti Nagar and majestic, etc. Nidhi Company sets a new trend in increasing the financial needs at the financial market. It’s a type of non-banking finance sector- borrowing and lending money is their business. It is registered under the Indian companies act 2013 section 406. Principle of mutuality is the fundamental concept of Nidhi Company and this form of business is prominent in Bangalore.

Nidhi Company is controlled by Nidhi Rules, 2014 under the Central Government of India. Registered Nidhi companies should mention their name as Nidhi limited and business of core is lended by depositing the money of shareholders and its members. In Nidhi Company, the approval of RBI is not necessary. To register the Nidhi Company, it requires three directors in the beginning. In commencement of one year, every Nidhi company ensures that it has not less than 200 members and it is regulated by the ministry of corporation affairs.

Documents Required For Nidhi Company Registration

• Pan Card Copy of Directors
• Recent Passport size Photo
• Aadhar card
• Electricity bill, latest bank statement
• Registered Office Proof
• No Objection Certificate –NOC will be signed by the owner.
• Digital Signature (DSC)
• Director Identification Number (DIN) of directors
• Memorandum of Association of the company (MoA)
• Articles of Association of the company (AoA)

Benefits of Nidhi Company Registration

• Simple documentation

  Simple and hassle - free documentation process. Nidhi Company registration in Bangalore is done easily through the online portal.

• No Compliance to RBI

  To form a Nidhi Company RBI approval is not necessary

• Less level of Risk

  Compared to other finance sector, risk of loan repayment is less.

• In Nidhi Company, the minimal rate of interest is charged.
• The funds raised are limited to the availability of the credit and compared to the other finance companies, Nidhi Company is limited.