Nidhi Company
Description
What is Nidhi Company?
The registration process of Nidhi Company is completely online-based. If you are a start-up and not sure about the finance business license needs then Nidhi Company Registration is perfect for you because it is a type of Non-Banking Financial The company that takes deposits from its members and then lend to its members.
Under Section 406 of the Companies Act, 2013, Nidhi Company is regulated. The company is known for contributing to society in different manners and is not only limited to serving its members.
Nidhi Company encourages as well as nurtures the habit of saving among its members as well as gives them monetary assistance in terms of loans. Though the company is registered under the Companies Act, 2013 but is managed according to RBI’s procedures.
Since the registration process is completely online so you can get the registration done within 15 days and the cost involved is almost Rs. 15,000-25,000. You need to know that Nidhi Company Registration does not have the right to open the chit fund account and can also not issue an unsecured bond and preference shares.
Documents Required for Nidhi Company Registration
- PAN and photo of all director and shareholder
- ID proof
- Address proof
- Registered office proof
Basic Necessities for Nidhi Company Registration
- Minimum 7 shareholders
- Minimum 3 directors
- A minimum requirement of Rs. 5 lakhs for capital
- DIN for directors
- No preference shares will be issued
- The main motive of the company is to inculcate the habit of saving in its members
- The nominal value of each equity share should not be less than Rs. 10
- At least 10 equity shares should be given to each deposit holder
Process of Nidhi Company Registration
Step 1: Get DSC and DIN
Step 2: Apply for name approval
Step 3: Drafting of MOA and AOA
Step 4: Certificate of incorporation
Step 5: Open a bank account and apply for TAN and PAN
Benefits of Nidhi Company Registration
When it comes to Nidhi company registration, there are several benefits and some of them are stated below:
- Simple to manage and cost-effective registration
- Low capital requirement
- In the company’s management, there is no external involvement
- Low chances of risk
- Secured investment with a low rate of interest
- Perfect saving option
- Limited liability
- Hassle-free access to public funds
Therefore, get your Nidhi Company Registration is done today at a very low price from BusinessBadhega.com.
Note:- Fee Plus Government Charges addon & as per actual