Nidhi Company Registration

What is Nidhi Company Registration?

A Nidhi Company is one that belongs to the NBFC (Non-Banking financial sector) and is recognized under section 406 of the Companies Act, 2013. Their core business activity is borrowing and lending money only to its members. Nidhi Company can freely accept deposits from members and give money to its member. The fund, which received from members and can only be utilized by its members. RBI is empowered to issue directions to them in matters relating to deposits from members. Nidhi Company cannot accept deposits from other than its member.

Package Inclusions

•  Digital Signature for 3 Directors
•  Director Identification no for 3 Directors
•  Trademark search & Nidhi Company name approval
•  MoA & AoA
•  MCA Fees
•  Company Name Reservation
•  Corporate Identification No (CIN)
•  PAN Registration

Service tax on Professional Fees is mentioned which needs to be GST and the statement itself needs to be in two different sentences.

Minimum Requirement at Time of Registration

From Directors and Shareholders

•  PAN Card of all directors and shareholder
•  Latest Bank Statement/Telephone or Mobile Bill
•  Voter's ID/Passport/Driver's License
•  Passport-sized photograph of all directors and shareholder
•  Scan copy of Signature (signature should same as on PAN Card)
•  Scanned copy of Notarized Rental Agreement

For Proposed Registered Office (Residential/Commercial)

•  Any Utility Bill
•  Rent Agreement with NOC from Owner/Landlord

Mandatory Requirement for Nidhi Company Registration

Mandatory Requirement for Nidhi Company Registration

•  Minimum 7 shareholders
•  Minimum 3 Directors
•  Minimum Capital of Rs. 10 lacs
•  DIN for all directors

Minimum Requirements after Registration

•  Minimum number of 200 Members ( in 12 Months )
•  Net owned fund must be Rs. 10 Lakh and above
•  Unencumbered deposits of not less than 10% of the outstanding deposits
•  Net own fund vs deposits should not be more than 1:20

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