BENEFITS ASSOCIATED WITH THE NIDHI COMPANY

NIDHI COMPANY IS LIKE NBFC (NON-BANKING FINANCIAL INSTITUTION) WHICH IS REGISTERED UNDER THE COMPANIES ACT, 2013 WHOSE MAIN OBJECT IS TO LENDING MONEY AMONG THE MEMBERS OF THE COMPANY. THEREFORE MEMBERS OF THE COMPANY ARE ENCOURAGED TO INVEST WITHIN THE COMPANY

BENEFITS ASSOCIATED WITH THE NIDHI COMPANY THAT ENCOURAGE YOU TO BEGIN YOUR BUSINESS
  1. BORROW:- A MEMBER OF THE NIDHI COMPANY CAN BORROW EASILY AT A LOWER RATE  AS COMPARED TO BANKS. THEREFORE IT IS IN THE INTEREST OF THE DIFFERENTINDIVIDUAL WHO NEED FUNDS.
  2. FEW COMPLIANCES: – WE NEED TO DO MORE COMPLIANCES IF WE TAKE LOAN FROM BANK BUT LENDING MONEY TO KNOWN PERSONS TAKES FEW COMPLIANCES.
  3. LOANS & DEPOSITS:- NIDHI COMPANY ACCEPTS DEPOSITS FROM MEMBERS & GRANT LOANS TO ITS MEMBERS.
  4. CONTINUITY: – IF ANY MEMBER OF THE COMPANY DIED THAN ALSO COMPANY WILL REMAIN IN EXISTENCE.
  5. LIMITED LIABILITY:- MEMBERS OF THE COMPANY ARE NOT PERSONALLY LIABLE FOR THE DEBTS OF THE COMPANY. 

MINIMUM REQUIREMENTS FOR NIDHI COMPANY REGISTRATION

  1. MINIMUM 3 DIRECTORS.
  2. RATIO OF NET OWNED FUNDS TO DEPOSITS SHOULD NOT BE MORE THAN 1:20.
  3. MINIMUM CAPITAL- RS. 5 LAKH.
  4. ATLEAST 7 MEMBERS.

DOCUMENTS WHICH ARE REQUIRED TO REGISTER A NIDHI COMPANY.

  1. COPY OF PAN CARD/PASSPORT (SELF ATTESTED).
  2. COPY OF AADHAR CARD/ VOTER ID/ DRIVING LICENSE (SELF ATTESTED).
  3. BANK STATEMENT/ TELEPHONE BILL/ ELECTRICITY BILL/ MOBILE BILL FOR REGISTERED OFFICE ADDRESS.
  4. PASSPORT SIZE PHOTOGRAPH.
  5. NOC (FOR OFFICE ADDRESS), IF REQUIRED.

STEPS THAT ARE REQUIRED TO REGISTER A PUBLIC LIMITED COMPANY

  1. NAME APPROVAL.
  2. APPLY FOR DIGITAL SIGNATURE (DSC).
  3. APPLICATION FOR DIRECTOR IDENTIFICATION NUMBER (DIN).
  4. DRAFTING DOCUMENTS, AOA & MOA.
  5. FILLING OF SPICE FORM + , MOA (INC-33), AOA(INC-34).
  6. ELECTRONICALLY SUBMISSION OF ABOVE FORMS ON MCA WITH GOVERNMENT FEE.
  7. COMPANY INCORPORATION CERTIFICATE, PAN, TAN.

WE WILL PROVIDE YOU THE COMPANY REGISTRATION SERVICES. IT WILL TAKE AROUND 23-24 DAYS TO COMPLETE. THE WHOLE PROCESS IS ONLINE THERE IS NO NEED TO ARRANGE TIME TO VISIT PHYSICALLY.

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