GTCS

Choosing GTCS for creating a Nidhi Company provides several benefits and advantages tailored to meet your financial services business needs and regulatory requirements. Here’s why GTCS is the ideal partner for establishing your Nidhi Company:

Expertise and Experience

GTCS boasts a team of seasoned professionals with extensive experience in company registration services, including the formation of Nidhi Companies. With our expertise, we understand the intricacies of setting up a Nidhi Company and can guide you through the process efficiently.

Comprehensive Services

Beyond Nidhi Company registration, GTCS offers a comprehensive suite of services including legal compliance, market research, financial advisory, and more. This holistic approach ensures that all your business needs are addressed under one roof, saving you time and effort.

Understanding of Financial Services Industry

GTCS has a deep understanding of the financial services industry, including banking, insurance, capital markets, and non-banking financial services. We stay abreast of regulatory changes and industry trends, enabling us to provide valuable insights and strategic guidance to our clients.

Tailored Solutions

We understand that every Nidhi Company has unique business goals and requirements. GTCS provides personalized attention to each client, tailoring our services to meet your specific needs and preferences. Whether you're focusing on savings schemes, deposit accounts, or other financial products, we have the expertise to assist you.

Transparent and Fair Pricing

At GTCS, transparency and fairness are at the core of our ethos. Our services are competitively priced with no hidden fees, ensuring that you receive excellent value for your investment. We provide upfront pricing quotes and clearly outline all costs involved in the Nidhi Company registration process.

Legal Compliance

Nidhi Companies are subject to specific regulatory requirements under the Companies Act, 2013, and other relevant laws. GTCS ensures that your Nidhi Company complies with all legal and regulatory obligations, including obtaining necessary approvals from regulatory authorities and maintaining ongoing compliance.

Timely Execution

GTCS is committed to delivering prompt and efficient services. We understand the importance of timely execution and strive to complete the Nidhi Company registration process within the stipulated timeframe. Our streamlined processes and attention to detail ensure minimal delays and a smooth experience for our clients.

Customer Satisfaction

At GTCS, customer satisfaction is our top priority. We take pride in delivering high-quality services that exceed our clients' expectations. Our dedicated team is always available to address your questions and concerns, providing ongoing support and assistance throughout the Nidhi Company registration journey.

Pricing

Basic

Rs

25999

Our Basic package is perfect for clients looking for essential services tailored to meet their specific needs. With this package, you'll receive comprehensive assistance and support to address fundamental requirements efficiently and effectively.

Basic Express

Rs

30999

For those seeking quick and reliable solutions without compromising on quality, our Basic Express package is the ideal choice. With expedited processing and swift delivery, this package ensures that your needs are met promptly while maintaining attention to detail and accuracy.

Advance

Rs

38999

Step up to our Advance package for enhanced features and personalized attention. This package is designed for clients seeking a broader range of services and comprehensive support to meet their more complex requirements. Benefit from our expertise and guidance every step of the way.

Advance Express

Rs

45999

Combining the benefits of our Advance package with expedited processing, our Advance Express package is the ultimate solution for clients who require rapid results without sacrificing excellence. Receive top-notch service with quick turnaround times, ensuring your needs are met efficiently and effectively.

Six Key Essential Steps to Achieve Success

01

Client Inquiry

Potential clients reach out to the consultancy seeking registration and certification services, initiating the process.

02

Initial Consultation

A comprehensive meeting is conducted by our Executive to understand the client’s requirements, discussing the necessary certification type and compliance standards.

03

Quotation and Agreement

Following the consultation, a detailed quotation is provided, outlining the services and associated costs. Upon agreement, a formal contract is signed between the company and the client.

04

Document Submission and Review

Clients submit essential documents and information required for the registration and certification processes, meticulously reviewed by our team for completeness and accuracy.

05

Pre-Assessment (Optional) and Audit Planning

An optional pre-assessment may be conducted to evaluate the client’s readiness, identifying any gaps. Subsequently, the company plans the certification audit, scheduling dates and assigning auditors.

06

On-Site Audit and Certification Decision

Auditors perform on-site assessments to verify compliance with relevant standards or regulations, documenting findings. Following the audit, the company evaluates results to determine certification eligibility, issuing it upon compliance.

Frequently Asked Questions (FAQs)

A Nidhi Company is a type of non-banking financial institution (NBFC) unique to India, primarily formed to cultivate the habit of thrift and savings among its members. Nidhi Companies primarily engage in borrowing and lending activities within their membership base, with the objective of promoting mutual benefit and financial stability.
Any group of individuals desiring to cultivate the habit of savings and thrift among themselves can form a Nidhi Company. These individuals must comply with the requirements set forth by the Ministry of Corporate Affairs (MCA) and the Reserve Bank of India (RBI) for Nidhi Company registration.
  • The key features of a Nidhi Company include:
    • Mutual Benefit: Nidhi Companies primarily operate for the mutual benefit of their members, promoting savings and thrift among their members.
    • Limited Liability: Members of a Nidhi Company enjoy limited liability, meaning their personal assets are protected from the company’s debts and obligations.
    • Membership Restrictions: Nidhi Companies can only accept deposits and provide loans to their members, and membership is restricted to individuals within specified geographic areas.
    • No External Borrowings: Nidhi Companies are prohibited from accepting deposits or lending money to individuals who are not their members. They are also restricted from engaging in any form of external borrowing.
  • The steps for creating a Nidhi Company typically include:
    • Formation of a Core Group: Interested individuals come together to form a core group and draft the memorandum and articles of association.
    • Incorporation: The core group registers the Nidhi Company as a legal entity with the Registrar of Companies (ROC) and obtains the Certificate of Incorporation.
    • Minimum Capital Requirements: Nidhi Companies must have a minimum paid-up equity capital of Rs. 5 lakhs.
    • Compliance with Nidhi Rules: The Nidhi Company must comply with the Nidhi Rules, which outline specific requirements related to share capital, membership, deposits, loans, and other operational aspects.
    • Commencement of Operations: Once all regulatory approvals are obtained, the Nidhi Company can commence its operations, including accepting deposits and providing loans to its members.
Nidhi Companies are subject to various restrictions imposed by the RBI to ensure the safety and security of depositors’ funds. These restrictions include limits on the acceptance of deposits and lending activities, as well as strict adherence to prudential norms and reporting requirements.
Nidhi Companies must comply with various regulatory requirements set forth by the MCA and the RBI. These requirements include maintaining proper books of accounts, filing annual returns and financial statements with the ROC, conducting regular audits, and adhering to prudential norms related to capital adequacy, asset classification, and income recognition.
No, Nidhi Companies are restricted from offering any other financial services besides accepting deposits and providing loans to their members. They cannot engage in activities such as insurance, mutual funds, or investment banking.
The benefits of joining a Nidhi Company include access to safe and convenient savings options, opportunities to avail low-cost loans for personal or business purposes, and participation in a community-based financial institution focused on mutual benefit and financial inclusion.
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