Formation of Nidhi Company or Mutual Benefit Company

Formation of Nidhi Company or Mutual Benefit Company

We provide our services for online incorporation of a new mutual benefit company (NIDHI Company) anywhere in India, sale/ purchase of readymade NIDHI Company and providing all procedures & FAQ's about formation of NIDHI companies in India.

We register a NIDHI Company anywhere in India in almost 12 - 14 working days from date of receipt of documents and payment. The process of registration is completed online therefore most of the documents are needed in soft copy (scan) through e-mail only.

'NIDHI' OR 'MUTUAL BENEFIT SOCIETY' in terms of sub-section (1) of section 620A of the Companies Act, 1956, means a company which the Central Government may, by notification in the Official Gazette, declare to be a Nidhi or Mutual Benefit Society, as the case maybe. Thus, for an association or a body corporate to become a 'Nidhi' or a 'Mutual Benefit Society', the following conditions laid down by section 620A of the Act must be fulfilled:

  • It must be a company as defined under section 3 of the Act.
  • It must be declared to be a 'Nidhi' or 'Mutual Benefit Society' by a notification in the Official Gazette by the Central Government.

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