Nidhi Management Software

Nidhi Management Software

Nidhi’s software is designed to help businesses manage their finances, track their performance, and grow their businesses. Nidhi’s software is easy to use and is available in both desktop and mobile versions. Nidhi’s software is affordable and easy to use, making it a great choice for businesses of all sizes

About Us

For Your Nidhi Company Business, we offer a full RD, FD, MIS Loan & Financial Management Nidhi Software Solution. Our Nidhi Software assists you in concentrating on your business by accelerating your work and decreasing the number of hours required to complete time-consuming management and organisational tasks. This improves effectiveness, drives out cost, and boosts profitability.

Documents Required For Nidhi Company Registration.

The procedure for establishing a nidhi organisation is straightforward, but it is recommended to get professional guidance in order to complete complicated forms on time. It may seem difficult to comprehend the terminology used in government portals. To register, the following papers must be provided.

PAN & PHOTO

PAN & photo are required for each & every director & shareholder in India.

ADDRESS PROOF

Anyone of the following: Bank statement, Mobile bill, Electricity bill, Landline bill

ID PROOF

Anyone of the following: Aadhar card, voter ID, Driving license & passport.

REGISTERED OFFICE

Electricity bill/rent agreement and copy of No objection certificate

Client Testimonials

NSM MOTORS BAJAJ
NSM MOTORS BAJAJ
2022-10-14
Verified
Got software service from him. Its a excellent working experience. staff is very polite and educated. I must suggest suggest everyone to take service from them only.
kajal thakur
kajal thakur
2022-10-03
Verified
Good work is done here regarding software, registration, compliance and Kalpna mam so caring for our clients
sakshi sakshi
sakshi sakshi
2022-10-03
Verified
It was a great experience to work with onick experts. staff was very polite, responsive, and professional, overall I am very happy to work with onick experts and also willing to work with them. Thanks a lot to onick experts
Ruby Dubey
Ruby Dubey
2022-10-03
Verified
Excellent services, supportive team,
rajput priya
rajput priya
2022-09-24
Verified
Excellent followup and ownership of onick experts. Team is very polite or highly qualified. Amazing software they are provided.
advisor 2578
advisor 2578
2022-09-23
Verified
vimal singh
vimal singh
2022-09-21
Verified
Best consulting firm. Best software solution good service providers. Especially Sunita mam very talented consultant ever. Good experiences with them.
sakshi sharma
sakshi sharma
2022-09-20
Verified
Wonderful experience with there software. My work became very easy after using Nidhi software. Great job of all team. Well done.
Radhika chawla
Radhika chawla
2022-09-17
Verified
Thank you for helping in registration of nbfc company. Right guidance. Thanks taxhint, thank onickexperts. Doing great job. Finding a genuine and qualified consultant is difficult these days when everyone is running about money. Recommended services. RBI approval was very smooth due to good planning, suggestions and guidance of Amna ji and Sunita Ji.
Praveen Singhal
Praveen Singhal
2022-09-15
Verified
Best Place to work with. Highly qualified professionals with perfect knowledge in their fields. Best consulting firm. Thanks

Price Table

Our business is dedicated to giving consumers high-caliber service. We have been providing Nidhi Company Registration services for a long time. We have grown into a fantastic group of specialists and professionals. Our consulting team is here to assist you at any time. Here are some specifics about our services:-

MULTISTATE SOCIETY RAGISTRATION

3,00,000 ,In just 3 Months

  • 100% Online
  • Register Your Business Anywhere in India
  • Dedicated CA/CS Available

NIDHI COMPANY REGISTRATION

13,999 ,In Just 15 days

  • 100% Online
  • Register Your Business Anywhere in India
  • Dedicated CA/CS Available

MICROFINANCE COMPANY REGISTRATION

1,25,000 ,In just 2 Months

  • 100% Online
  • Register Your Business Anywhere in India
  • Dedicated CA/CS Available

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FAQ

A Nidhi Company is a Company which carries on the business of accepting deposits and lending the same on demand. Nidhi Company is similar to NBFC but the only basic difference between the two is that Nidhi Companies accept deposits only from its members. The main aim of these companies is to work for the mutual benefit of its members. These companies are not entitled to carry on the business of Hire Purchase Financing, Insurance, Chit Funds and Acquisition of securities or Issue of any Debt Instruments.

A minimum of three directors and seven shareholders are needed for incorporating a Nidhi Company.

No, a minor is not allowed to become director of a Nidhi Company. Only a person who is a minimum of 18 years old can become the Director of a Nidhi Company.

No, there is no upper limit prescribed for the maximum number of members. However, it is mandatory for a Nidhi Company must have a minimum of two hundred members by the end of the 1st financial year.

No, Nidhi Company is not allowed to do microfinance business in India. These are because micro finance is a completely different set of business for an NBFC and require more capital to do the same. Hence, Nidhi Company cannot engage itself into micro finance business. Further, since Nidhi Company raise fund from deposits and hence, if it passes the same to member without any security, then there will be great chances of customer default which will ultimately results into bankruptcy of the Nidhi Company.

A Nidhi Company can open up to 3 branches after three years of continuous profit running of the business. Further, these three branches can be opened within the district only. Further, to open any branch outside the district, you will require the Regional Director (RD) permission. Also, a Nidhi Company cannot open a branch outside the state.

Yes, the Deposits with such companies are safe and secure because the Ministry of Corporate Affairs and Reserve Bank of India has framed rules and regulations to ensure the safety and security of Deposits. And the Nidhi Company compulsorily abide by the rules of Central Government.

Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewelry or any type of financial securities against the loan.

Yes, it is necessary to use the word “Nidhi Limited” in the name of the company. However, the term “Mutual Benefit” can also be used.

The regulations passed by the Ministry of Corporate Affairs and the provision of Nidhi Rules, 2014 act as the regulating authority for Nidhi Company.

A Certificate of Incorporation has lifetime validity, or till the time the company’s name is not struck off by the ROC (Registrar of Companies).

No, a person cannot borrow again from the Nidhi Company if he has earlier defaulted in a loan.

No, a Nidhi Company is not allowed to operate outside the state in which it is registered.

A minimum of 6 months and a maximum of 60 months period is prescribed for fixed deposits in a Nidhi Company.

A Nidhi Company can accept deposits only from its Registered Members.

A minimum of 12 months and a maximum of 60 months period is prescribed for recurring deposits in a Nidhi Company.

No, Nidhi Companies are exempted from the core NBFC provisions of the Reserve Bank of India.

A Nidhi Company is not regulated and governed by the provisions of RBI. Moreover, Nidhi Company Registration requires a much smaller amount of capital than Rs 2 Crore paid-up capital requirement for NBFCs.

No, a Nidhi Company cannot purchase securities and shares from any other organization.

No, a Nidhi Company cannot purchase securities and shares from any other organization.

No, a Nidhi Company is not allowed to carry out any activity other than Lending and Borrowing.

A director of Nidhi Company can hold their office for 10 consecutive years. However, he is eligible for re-appointment only after the expiry of 2 years, starting from the cessation of his term.

Nidhi Company cannot accept deposits exceeding the limit of twenty times its NOF (Net Owned Funds).

A Nidhi Company is allowed to open only three branches within a district. However, to open more than three branches, the said Company is must seek prior approval of the RD (Regional Director) for every additional branch.

A Director is firstly required to be a member of the said Company, and then, he must comply with the requirements prescribed under Section 152(4) of the Companies Act, 2013.

No, a Body Corporate is not allowed to be admitted as a member or shareholder of a Nidhi Company.

A Nidhi company must be incorporated under the provisions of the Companies Act, 2013, and shall acquire the status of a Public Limited Company.

No, such rules have been prescribed banning a salaried person from becoming a director of a Nidhi Company. However, the employment agreement of the said person may place some restrictions on him or herein doing so.

A Nidhi company cannot be converted into NBFC.

No, Nidhi Company cannot give a vehicle loan

A Nidhi Company is a company that carries on the business of accepting deposits and lending the same on demand. Nidhi Company is similar to NBFC, but the only basic difference is that Nidhi Companies accept deposits only from its members.

Nidhi can deal only in secured loans. Thus it can give loans against the securities mentioned in the law.

The term NOF is the acronym form for the Net Owned Funds. Further, NOF or the Net Owned Fund = Aggregate Paid up share capital + Free Reserves – Accumulated losses (Deferred Revenue Expenditure), and Other Intangible Assets appearing in the Last Audited Balance Sheet.

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