Complete Guide to Nidhi Company Registration in Guwahati, Assam

Setting up a Nidhi Company in Guwahati, Assam is the perfect gateway to entering the non-banking financial sector, where financial services can be offered to members. It is primarily about savings and loan services to its members and is regulated under the Companies Act, 2013, and Nidhi Rules, 2014.

This guide teaches how to set up a Nidhi Company at Guwahati, required documents, Nidhi company rules & regulations, benefits, and step-by-step registration.

Nidhi Company refers to a non-banking financial company (NBFC) which does not require any RBI approval to be established with the aim of promoting the habit of saving among its members and lending money to such members at a lower interest rate.

Registering Nidhi Company in Guwahati in Steps:

• Step 1: Eligibility criteria must be fulfilled

Once the business conforms to the following eligibility requirements, it can move to apply for registration.

1. It should have a minimum of 7 members and 3 directors.
2. It should have a minimum paid-up capital of Rs. 10 Lakhs.
3. Nidhi Limited shall form part of the name.
4. Issuance of preference shares should not be permitted.
5. Membership should be at least 200 within one year of its incorporation.

• Step 2: Digital Signature Certificate (DSC) and Director Identification Number (DIN)

Directors will have to apply for DSC and DIN through the portal of Ministry of Corporate Affairs (MCA).

• Step 3: Choose a distinctive name and submit an application for name approval (RUN application)

A unique name must be selected and application for approval needs to be done under the Reserve Unique Name (RUN) service offered by MCA.

• Step 4: File Nidhi Company Incorporation

The filing of the SPICe+ Form submission along with the following documents required for Nidhi Company is needed:

1. Memorandum of Association (MoA);
2. Articles of Association (AoA);
3. Proof of registered office (Rent Agreement, NOC, Utility Bill);
4. Identity & address proof of directors & members Declaration by directors & members

• Step 5: Issuance of Certificate of Incorporation (COI)

The application will be verified, and the MCA will update a Certificate of Incorporation marking your Nidhi Company as legally registered.

Documents Required for Nidhi Company Registration in Guwahati:

Document Purpose

• PAN Card: “Identity proof for directors and memberships”.
• Aadhaar Card: “Address proof for directors and memberships”.
• Passport Size Photographs: “Identification and verification”.
• Digital Signature Certificate: “Online document submissions”.
• Director Identification Number: “Incorporation of company”.
• MoA & AoA: “Objective and rules of the company”.
• Business Address Proof: Utility bill, rent agreement, or ownership document.
• NOC from Owner: If the business operates from rented premises.

Benefits of Nidhi Company Registration in Guwahati

• Easy Registration: It is easy to register and only has to follow minor compliance under the MCA.
• No RBI Approval Required: Unlike NBFCs, Nidhi Company does not require RBI licensing.
• Low Paid-up Capital: Minimum amount of ₹10 lakh as paid-up capital.
• Encourage Savings: Making members ensure financial discipline.
• Limited Liability: Liability is limited for members.
• Tax Benefits: The tax liability is lower than most other financial institutions.
• Better Interest Rates: Loans are given to members at lower interest rates.

Frequently Asked Questions (FAQs)

Q1: How long will it take to register a Nidhi Company in Assam?

Ans: The registration process is deemed completed if it takes around 15-20 working

days depending upon the speed of MCA approval of documents.

Q2: Is it mandatory to have 200 members in a Nidhi Company?

Ans: A Nidhi Company must have a minimum of 200 members within one year of incorporation.

Q3: Can a Nidhi Company accept deposits from the general public?

Ans: The answer is negative. A Nidhi Company can accept deposits only from its members on record.

Q4: What is the minimum capital to be required for a Nidhi Company Registration?

Ans: The minimum capital of ₹10 lakhs is the paid-up capital for registration.

Q5: How can I apply for Nidhi Company Registration in Guwahati?

Ans: You can apply through the MCA portal, or you can also consult a professional service provider such as Regible Corporate Advisor LLP for hassle registration.

Conclusion

It has been a good way to promote savings and provide financial assistance to members in Guwahati, Assam, by setting up a Nidhi Company. Because of the easy registration and tax benefits possible in addition to limited liability, it is an ideal choice for entrepreneurs in the finance industry. Our experts at Regible Corporate Advisors LLP will help you with the end-to-end registration and compliance services if you decide to register a Nidhi Company in Guwahati.

Contact Us:

📍 Office Address: Mitra Building, Ulubari, Guwahati, Assam, 781007

🌐 Website: Regible.in

📞 Call us: +91 88226 90951

📧 Email us: regible@yahoo.com