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BUSINESS & COMPLIANCE

SPECIAL ENTITY

NIDHI COMPANY REGISTRATION:

NIDHI COMPANY


Nidhi Company registration is basic and less complexed when contrasted with different kinds of finance companies like NBFC which require RBI permit to begin. A Nidhi Company can be started with an underlying capital of Rs.5 lakh and require at least seven individuals, to begin with. Nidhi Company registration also requires three directors at first. It takes around 15 to 20 days to get Nidhi Company enlisted in India.
Nidhi company is represented by Nidhi Rules, 2014. They are joined in the idea of Public Limited company and consequently, they need to agree to two arrangement of standards, one of a Public limited company according to Companies Act, 2013 and another is for Nidhi rules, 2014. No RBI approval is important to register the company, as RBI has particularly exempted this classification of NBFC in India to comply its centre arrangements, for example, registration with RBI and so forth. Each Nidhi might, inside a time of one year from the initiation must guarantee that it has at the very least 200 individuals.

Required Documents:- (All copies of documents should be self-attested by the customer)

  • PAN card
  • ID Proof
  • Address Proof

Nidhi Company Registration:

  • Separate Legal Entity
  • Easy Management
  • Going Concern
  • Uninterrupted Existence
  • Better Credibility

DOCUMENTS THAT ARE REQUIRED FOR NIDHI COMPANY:

Identity and Address Proof:

Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals or notarized copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.

Registered Office Proof:

All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

Signed Incorporation Documents:

Signed digital signature application documents must be submitted in hard copy. Other incorporation documents signed and uploaded as soft copy.

NIDHI COMPANY REGISTRATION PROCESS


Prepare DSC & DIN: The first step is to file for Digital Signatures (DSC) and Director Identification Number (DIN). It takes around one day to get the digital signatures and generally DIN can be filed on the same day.

File Name Approval: The second step is to file the name approval via form INC - 1 and at-most you can give maximum 6 names for approval, The name must start with a unique word and must end with “Nidhi Limited”.

File for incorporation: The third step is to file the incorporation along with all necessary documents via form INC 32. The form is attached with all the important attachments like MOA, AOA, declarations etc.

Ways To Help With Nidhi Company

Capital Flow can do the Nidhi Companies registrations in 25-30 days in concern to Registrar of Companies (ROC) process

Title Authorization & License

For approval of name, we need minimum one and a maximum of six name choices which can be submitted to the government. The subject of availability, government processing time for 4 to 6 working days.

Registration Of Nidhi Organization

When we are providing a company name approval, incorporation documents must be submitted to the government at any cost along with an application for company registration for 5 to 7 days.

DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) are mandatory for the proposed director of the one person company. DIN and DSC can be also be obtained by the proposed director within 4 to 6 working days.

Benefits to Register A Nidhi Company

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Co-operative Management

The Board members of the Nidhi Company can be easily exchangeable by doing small formwork with the Registrar of Companies. The Board members of a Nidhi company controls the entire activities of the Nidhi Company.

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Advance Scrutinize

A Nidhi company being in under one person can have own enjoy and estrange property on its own name. No member can make any claim upon the property of the Nidhi Company as long as it is in advanced scrutinized.

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Successive Existence

A company has 'ceaseless', meaning successive subsistence until it is officially dissolved. A company is also a separate constitutional person is forthright by the death or other departure of any member and continues to be in existence.

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Preferable Integrity

A Nidhi company being in under one person can have own enjoy and estrange property on its own name. No member can make any claim upon the property of the Nidhi Company as long as it is in advanced scrutinized