Overview on Nidhi Company Registration
Do you want to start a finance/loan business in India? Then you are at right stage because Nidhi Company is the most easy and affordable way to start loan business in India. It only requires 7 person with easy documents required to start the Nidhi Company. The minimum capital requirement for Nidhi Company registration is Rs.5 lakh.
Nidhi Company can only do business of accepting deposit and lending money to its members only. It cannot deal with the public directly and can only work with its members. However, one can easily make members under Nidhi Company with few documents and easy process. Also, Nidhi Company registration in India is the only form of company available to start the loan company in India without RBI approval.
Nidhi Company can open three branches after three years of working within the district. Further, to open any branch outside the district, the company shall require RD approval. Furthermore, the Nidhi Company cannot work outside the state. Hence, if you want to expand your business to another state, then you will need to register another Nidhi Company.
Nidhi Company Registration Process
Nidhi Company Registration process is the simple but will require a professional to complete the same. Further, the procedure has been changed completely by the government to promote ease of doing business. However, instead, government ends up making the process a little complexed. However, Hubco.in is specialized in Nidhi Company Registration with a experience of more than 200 Nidhi Company registration and managing hundreds of Nidhi Company across India. Know all 6 steps in Nidhi Company Registration.
Our Recommendation: Rules Regarding Nidhi Company Setup in India