CA DK Agarwal

Nidhi Company

Nidhi Company Registration In India

Nidhi Company Is A Business Entity In India Governed Under The Companies Act 2013. It Sole Objective Is To Engage With Thrift And Savings Among Its Members. A Nidhi Company Is A Non Banking Financial Institute That Provides Services Like Lending And Deposits To Its Members Exclusively. Therefore, It Can Be Said A Nidhi Company In India Only Consists Of Funding From Its Members And Shareholders.

Starting A Nidhi Company In India Means Starting A Class Of Non Banking Financial Companies. They Are Governed Under Reserve Bank Of India. This Body Tells The Registered Nidhi Company Guidelines About Lending And Depositing Activities. However, Nidhi Companies Can Only Deal With Their Own Members. Therefore Outside Members Are Not Allowed.

Why You Should Register A Nidhi Company?

Nidhi Company Is One Of The Business Entities That Enjoy Several Perks Of The Companies. The Following Are Those Perks That Make Nidhi Company Registration Quite A Beneficial Affair:

  1. Easy Access To Loans: As A Nidhi Company Is A Recognized Infrastructure By The Central Government; It Is Trusted More By The Banks. Therefore, Once You Register A Nidhi Company, It Is Easy For You To Acquire Loans And Other Types Of Findings.
  2. Continued Existence: A Nidhi Company Enjoys A Continued Existence Even After One Of The Directors Is Deceased.
  3. Easy To Incorporate: The Incorporation Of A Nidhi Company Is Quite Easy. It Is Following The Standard Procedure Of Company Registration In India.
  4. Separate Legal Identity: After The Formation Of A Nidhi Company, It Becomes A Separate Legal Identity In India. It Can Be Said That A Nidhi Company Becomes A Separate Individual Who Shall Be Able To Own A Property, Invest Etc.
  5. Limited Liability: A Nidhi Company Enjoys Limited Liability For Its Members. This Means That In The Event Of Loss, The Members Of The Nidhi Company Won’t Have Their Personal Assets Harmed.

Eligibility Criteria For Nidhi Company Registration In India

  1. Minimum 3 Directors
  2. Minimum 7 Shareholders
  3. At Least One Director Should Be From India
  4. Minimum INR 5 Lakh Of Equity Share Capital.

Documents Required For Nidhi Company Registration In India

Following Are The Documents Required For Company Incorporation For Each Director/ Shareholder

  • Self-Attested PAN Card Copy.
  • Four Photographs.
  • Self-Attested Copy Of Any One Of The Identity Proof Like Driving License, Passport, Voter ID & Aadhaar Card
  • Self-Attested Copy Of Any One Of The Address Proof Like Bank Pass Book/ Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill
  • Company Address Proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill, AND Rent Agreement (If Rented) AND NOC For Doing Business & For Taking Registration.

Process For Nidhi Company Registration In India

The Procedure For Nidhi Company Registration In India Is As Follows:

  • Choosing A Unique Name For The Nidhi Company
  • Reserving The Name Of The Nidhi Company Using RUN Application
  • Obtaining The DSC And DIN Of The Directors Of The Company
  • Drafting MOA And AOA Of The Company
  • Submitting The Online Application For Nidhi Company Incorporation
  • Assessment Of The Application By The Ministry Of Corporate Affairs

Our Assistance In Nidhi Company Registration In India

We, At CA DK Agarwal Provide End To End Solutions For Nidhi Company Registration In India. Our Services Include:

  • Company Name Research
  • Obtaining DSC And DIN
  • MOA And AOA Drafting
  • Application Filing
  • Following Up With The Ministry Of Corporate Affairs

Through Nidhi Company Incorporation, You Can Basically Start Your Own Mutual Fund Business. If It Is What You Want To Do, Contact CA DK Agarwal And Let Us Handle Nidhi Company Registration.

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