New Startup - Nidhi Company

Features of Nidhi Company

 

• Nidhi company whole objective is to encourage the saving amongst the members. The objective is to borrow and lend the money between the members

• Nidhi Company in India means a class of Non Banking Financial Companies governed under RBI and it deals only their own members.

• Limited Liability: This form enjoys limited liability for its members

• Easy to access the loans being registered under the Act

• Continued existence

Requirements for Nidhi Company

 

• Nidhi company should contain “Nidhi Limited as suffix to original name which is registered

• Nidhi company should have minimum paid up capital of Rs 500000/-.

• Nidhi company can issue the preference shares

• Minimum 3 directors and 7 members or shareholders

• Nidhi Company is required to have minimum 200 members within one year from its incorporation

Document requirements for Incorporation

 

• Identity proof i.e. Aadhar/PAN Card/Passport

• Address Proof i.e. Voter's ID/Passport/Driver's License

• Address Proof of registered company i.e Rental Agreement/possession letter.

• Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

• Specimen signature (blank document with signature [partners only])

• Trade Mark Registration if any

 

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Incorporation of Nidhi Company

 

• Apply for DIN and DSCs

• Name reservation

• Preparation of INC 33 and INC 34

• Application along with INC 33 and INC 34 with ROC

• Approval and provide CIN along with PAN & TAN

 

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How do you approach R2B?

 

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