A Nidhi Company is a unique type of Non-Banking Financial Company (NBFC) in India, 3 governed by Section 406 of the Companies Act, 2013, and the Nidhi Rules, 2014. It is designed to promote the habit of saving and financial discipline among its members, a Nidhi Company operates exclusively for its shareholders—accepting deposits and providing loans only within this circle. It’s a simple and effective way to foster financial security and mutual benefit within a community.
Detailed Benefits
As per Nidhi Rules, 2014, the minimum capital required is only ₹10 lakhs.
The company continues to function seamlessly even in the event of a member's death, insanity, insolvency, or retirement.
Free from external interference as it is not governed by trusts or committees, making it exclusively managed by its members.
Members can borrow at lower interest rates compared to banks, with fewer obligations.
Promotes the habit of saving and thrift among its members.
An Initiative to empower early-stage and growth-stage in Agri-tech and Clean-tech sector
1. Articles of Association (AOA) and Memorandum of Association (MOA)
3. Proof of office address (utility bills such as electricity, water, or gas)
5. Resolution passed by the promoter company
7. Residential and identity proof of nominees and subscribers
9. Digital Signature Certificate (DSC)
2. Declaration by the first director(s) and subscriber(s)
4. Certificate of Incorporation (COI) of an overseas corporate body (if applicable)
6. Consent of Nominee (INC-3)
8. Applicant’s identity and residential proof
10. Declaration for unregistered companies
it means real leads, loyal customers, and unstoppable growth.
Nexlio Startup was created with the goal of supporting Micro, Small, and Medium Enterprises (MSMEs) by helping them navigate government schemes that can drive business growth.
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