Nidhi Company Registration is the way toward joining a sort of NBFC called Nidhi. This NBFC is otherwise called Mutual Benefit Finance Company. Beginning a Nidhi company is perhaps the best choice for individuals who need to commence a finance business with low capital venture.
A Nidhi company Registration, otherwise called Nidhi Bank means to develop the propensity for investment funds and frugality among its individuals. Its primary zone of activity is getting and loaning of funds.As per the standards, it can just make transactions with its enrolled individuals and inside the allowed area of work.
The Nidhi Company is enrolled with the Ministry of Corporate Affairs and managed by the Companies Act 2013. The registration procedure is relatively simple in contrast with registration procedures of different NBFCs.
In this NBFC, there are no qualification criteria for a base capability of Directors. Furthermore, this classification of NBFC doesn’t require the approval of Reserve Bank of India for incorporation. It is obligatory that each Nidhi company needs to end their name with “Nidhi Ltd.”
KYC of the considerable number of Directors and Shareholders
Least 7 Members and 3 Directors required. Chiefs and Members can be the equivalent.
Digital signature (DSC) is an essential necessity to start the Nidhi Company Registration strategy as every one of the structures are submitted ought to act naturally confirmed
The Proposed name of the Name of Nidhi company must be one of a kind and it ought not be comparable. The name can be held through Reserve Unique Name (RUN) office
Final Incorporation (MOA and AOA)
When the name is endorsed the Nidhi Company Registration application is submitted in SPICe Form alongside Nidhi company’s Articles of Association and Memorandum of Association. After appropriate investigation of the application, COI is given.
PAN and TAN
PAN and TAN applications should be possible alongside Nidhi Company Registration as it is incorporated into the SPICe Form.
Complete List of Documents Required for Nidhi Company Registration
- Character confirmation of Directors and investors
- Duplicate of Directors Pan card
- Address confirmation of the executives and investors
- Aadhaar Card of Directors and investors
- Confirmation of enrolled office (Electricity/Water bill)
- Duplicate of lease understanding (If leased)
- Visa size photos of the executives
- NOC from the proprietor of the property
Check more details:
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|One Person Company Registration|
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|Section 8 Company Registration|