Nidhi Company Registration
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Overview
A Nidhi company refers to a type of entity in the non-banking finance sector, recognized u/s 406 of the Companies Act, 2013. Their primary business is borrowing as well as lending funds between their members. They are also regarded as Benefit funds, permanent funds, Mutual Benefit and Mutual Benefit Funds Company. MCA governs these entities in India and reserves rights to issue directions related to deposit acceptance activities. The core object of these entities is to foster the habit of thrift and reserve funds amongst its serving members. The concept of Nidhi Company came to effect before the advent of the Companies Act, 2013.
How it works
Register
Fill all the required information requested in the registration form.
Expect a call from us
Once we receive quote request, our experts will get in touch with you immediately.
Service Delivery
After the discussion and submission of required documents, service will delivered. Time of delivery may differ based on the service.
Benefits
Very Easy formation
Cost Efficient Registration
No RBI Regulations – less compliance
More Certainty in Nidhicompany
Less level of Risk - Non- payment loans
Net owned fund- Invest one get twenty
Documents Required
PAN card and aadhar copy of all the Directors and Shareholders
Capacity to sue and be sued
Passport size photograph
Photo ID proof of directors, Voter ID or Passport or License
Proof of registered office, Updated gas or electricity bill or Property tax receipt
Passport copy or Bank statementof the Directors and Shareholders of the Company
Copy of rental agreement and no objection certificate from the owner of the property
Minimum Criteria to be met
Minimum 2 Shareholders
One of the Directors must be Indian Resident
Digital Signature Certificate (DSC) for the promoters
Minimum 2 Directors
The directors and shareholders can be same person
Director Identification number (DIN) for all the directors
What you will get
DIN for 2 Directors
AOA and MOA
Bank Account opening support
Company PAN Card
ESI and PF Registration
Business Incorporation Certificate
Payment Gateway Integration Support
Company TAN/TDS Number
GST Registration* (Auto Approval from ROC)
Frequently Asked Questions
Yes, Nidhi companies are legally permitted to render loans to their directors or their relatives in their capacity as members. Such transactions must be reflected in the annual accounts in the footnote section
Net Owned Funds reflect the overall paid-up capital & free reserves as cited in the latest balance sheet as reduced by the sum of the balance of loss, overdue revenue expenditure & intangible assets, if any, as cited in the balance sheet
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