Nidhi Company Registration in Chennai2018-11-12T09:14:52+00:00

Nidhi Company Registration in Chennai


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(Takes 30-40 days)

Nidhi Company Registration
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Nidhi Company Registration in Chennai

What is a Nidhi Company?

Nidhi Company Registration in Chennai is an easy type as compared to NBFCs, which require RBI license to start. A Nidhi Company can be started with an initial capital of Rs.5 lakh and require at least seven people to start with. Nidhi Company Registration in Chennai also require three directors initially. Every promoter or director shall need a copy of PAN card, ID proof and address proof to apply for Nidhi Company in India. It takes around 15 to 20 days to get Nidhi Company Registration in Chennai in Chennai.

Nidhi Company Registration in Chennai

Chennai, located in the southmost India is becoming a trending subject for many of the startups.
Chennai stands fourth on the list of Tech workers in the world after Bengaluru, Pune and Hyderabad, next on the list is San Francisco. Chennai is well known for industries like IT and automobile and is second after Mumbai in Finance. Success stories says up with 20+ companies with the net worth of more than $20 billions. Some of the good names be Bharatmatrimonials, Freshdesk, Indix, etc.

Nidhi Companies are really popular in South India. More than 80% of the Nidhi companies are registered in Tamil Nadu. By outsourcing Nidhi Company Registration in Chennai to us you can focus on the core business activities and nurture your business.

Our office being located in Chennai we provide Nidhi Company Registration in Chennai to ROC compliances, tax fillings and Bookkeeping in Chennai. Our team consist of attorneys, Chartered Accountants, Company Secretaries with years of experience who are passionate about their work. We believe in simplifying this journey for you. All you have to do is fill a simple form and we will take care of the rest.

Steps to Nidhi Company Registration in Chennai

1. Application of DSC and DPIN

All the partners have to apply for DPIN and digital signature for Nidhi Company. DPIN or Director’s PIN Number is issued by MCA. If all the directors already have their DPIN and DSC, they can skip this step.

2. Name Approval

All the partners have to apply for DPIN and digital signature for Nidhi Company. DPIN or Director’s PIN Number is issued by MCA. If all the directors already have their DPIN and DSC, they can skip this step.

3. MOA and AOA Submission

After the name approval, one needs to submit the MOA and AOA. Both MOA and AOA are filed with the MCA with the subscription statement.

4. Filing the form

Once your application is filed you will receive an ARN number. The Incorporation certificate is received within 15-20 days .It is a proof that company has been creation also includes your CIN (Company Identification number).

5. Apply For PAN, TAN and Bank Account

After this PAN and TAN needs to be applied for. They are issued within 7-10 working days by tax authorities. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with bank to open your bank account.

Requirements for Nidhi Company Registration in Chennai

  • Maximum number of Shareholders should be 200
  • Net owned Fund shall not be less than Rs. 10 Lacs
  • Unencumbered deposits of not less than 10% of the outstanding deposits
  • Net owned funds to deposits ratio should be more than 1:20

Documents Required For Nidhi Company Registration in Chennai

  • Copy of Director’s PAN Card
  • Passport size photograph of Directors
  • Copy of Aadhaar Card/ Voter identity card of directors
  • Copy of Rent agreement(If rented property)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Landlord NOC (Format will be provided)

Procedure for Nidhi Company Registration in Chennai

What is included in Our Nidhi Company Registration in Chennai package?