Office Address

UG-30/11, Suneja Tower 2, District Center, Janakpuri, New Delhi-110058

Phone Number

+91-9773682048

+91-9266151563

Email Address

Taxcraftedsolutions@gmail.com

Nidhi Company

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Taxcrafted Solutions

Nidhi Company in Delhi

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that operates with the objective of promoting savings and thrift among its members. It is a mutual benefit society primarily involved in accepting deposits and lending money to its members. Setting up a Nidhi Company in Delhi requires compliance with legal and regulatory norms, and maintaining ongoing compliance is crucial for its smooth functioning.

At Taxcrafted Solutions, a leading Tax Consultant Company in Delhi, we provide complete services for Nidhi Company registration, compliance, and tax management. As a trusted Tax Solutions Company in Delhi, we ensure that your Nidhi Company operates efficiently while adhering to all statutory requirements.

What is a Nidhi Company?

A Nidhi Company is registered under Section 406 of the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA). It is categorized as a Non-Banking Financial Company but is exempt from RBI licensing requirements. The primary activities of a Nidhi Company include:

  • Encouraging Savings: Promoting savings among members by offering attractive deposit schemes.
  • Member Benefits: Providing low-interest loans exclusively to its members.
  • Simple Operations: Operating without external investors or non-member customers.
Services We Offer for Nidhi Companies in Delhi

At Taxcrafted Solutions, we provide end-to-end services to help you establish and manage your Nidhi Company in Delhi seamlessly.

1. Nidhi Company Registration

We assist in setting up your Nidhi Company by handling all aspects of registration, including:

  • Company Name Approval: Assistance with securing a unique name for your company from the MCA
  • Drafting Legal Documents: Preparing the Memorandum of Association (MoA) and Articles of Association (AoA) in compliance with Nidhi Company regulations.
  • Certificate of Incorporation: Filing the incorporation application and obtaining the certificate from the MCA.
  • Minimum Requirements Fulfillment: Ensuring compliance with the minimum requirements, such as having at least 200 members within one year of incorporation.

2. Tax Consultant Services in Delhi

As a leading Tax Consultant Company in Delhi, we provide expert tax services tailored for Nidhi Companies:

  • Income Tax Compliance: Preparation and filing of income tax returns for your Nidhi Company.
  • GST Registration and Filing: Guidance on GST registration and ensuring timely submission of GST returns.
  • TDS Compliance: Assistance with Tax Deducted at Source (TDS) filings and related statutory requirements.
  • Tax Planning and Advisory: Strategic tax planning to minimize liabilities while ensuring compliance with tax laws.

3. Accounting and Financial Management

Effective financial management is essential for the success of a Nidhi Company. Our services include:

  • Bookkeeping and Accounting: Maintaining accurate financial records for your company’s transactions.
  • Preparation of Financial Statements: Generating Profit & Loss accounts, Balance Sheets, and other financial reports.
  • Cash Flow Management: Monitoring and managing the cash flow to ensure smooth operations.

4. Compliance and Reporting

Compliance with regulatory requirements is crucial for the smooth functioning of a Nidhi Company. At Taxcrafted Solutions, we ensure:

  • Annual Compliance: Filing annual returns, financial statements, and audit reports with the Registrar of Companies (RoC).
  • Statutory Audits: Conducting audits to ensure compliance with Nidhi Rules and Companies Act requirements.
  • Membership Compliance: Guidance on meeting the statutory requirement of having 200 members within a year.

5. Financial Advisory Services

As a trusted Tax Solutions Company in Delhi, we provide expert financial advisory services to help you:

  • Optimize Loan and Deposit Products: Design competitive loan and deposit schemes to attract and retain members.
  • Risk Management: Identify and mitigate financial risks associated with your operations.
  • Growth Strategy: Develop strategies to expand your member base and strengthen your company’s financial position.
Conclusion

Establishing a Nidhi Company in Delhi is an excellent way to promote savings and provide financial services to a close-knit group of members. At Taxcrafted Solutions, we simplify the process of registration, compliance, and financial management for Nidhi Companies.

As a trusted Tax Consultant Company in Delhi, we offer expert guidance and support at every step, allowing you to focus on growing your company and serving your members. Contact Taxcrafted Solutions today to learn more about how we can assist your Nidhi Company in achieving success. Let us handle the complexities while you focus on making an impact!

Taxcrafted Solutions