Fast Online Process of Nidhi Company Registration with Top CA Consultant
Nidhi Company is a type of NBFCs and RBI can give directions to them regarding the activities to accept deposit. Although nidhis deal with shareholder members yet, they are exempted from the core provisions of RBI and its directions which are applied to NBFCs. So Nidhis can accept deposits from and lend money to a particular group of individuals.
Requirements of Nidhi Company
There are some simple requirements that people need to accomplish in order to Incorporate Nidhi Company in Ahmednagar. Let’s have a look at those preconditions.
- It requires at least 7 people as members/shareholders and 3 people as the Director of the proposed Nidhi Company.
- It is very important to mention that Nidhi is a “Public Limited Company” by default. Hence, at the end of the company name, the term “Nidhi Limited” must be mentioned.
- ₹ 5 Lakhs paid-up share capital is a must in applying for the registration.
Procedure of Nidhi Company Registration
As a Nidhi Limited Company registration process Mumbai, we follow the below-mentioned 5 simple steps to get it done.
1. Appropriate Name Select
At first, people need to select a proper name for the proposed Nidhi Company. The easiest process to accomplish it is to go with the online process in the Ministry of Corporate Affairs portal. The RUN (Reserve Unique Name) portal is there to complete the whole process. People can select 2 unique names and apply. If everything is ok, then the name would be approved within 48 hours.
2. Digital Signature Certificate
Now, it’s time to apply for the Digital Signature Certificate (DSC) for all applicable members. For this purpose, the members need to come up with Aadhar & PAN card, mobile number, and Email ID and submit to the authority.
3. Application for Directors Identification Number
Also, the proposed directors of the Nidhi Company need to have Director Identification Number (DIN). It is a unique identification number assigned to the people who wish to be the director of the proposed Nidhi Company in Rajasthan.
4. Draft MOA and AOA
In this step, people have to prepare a draft of the Nidhi Company’s Memorandum of Association (MOA) as well as Articles of Association (AOA). After finalizing these two important documents, these documents have to be submitted to the Registrar of Companies for incorporation.
5. Final Application for Incorporation
This is the final step for the incorporation of the new Nidhi Company. An incorporation form needs to be filled and submitted by the company members along with the above-mentioned documents and several other documents to the registrar authority. It’ll take 10-15 days to get the final incorporation certificate of nidhi company.
Post Incorporation Requirement of Nidhi Company
After the incorporation is done, people need to fill in some other requirements that are mentioned below.
- Get PAN and TAN for the newly incorporated Nidhi Company.
- Open a current account in the name of the Company.
- Make at least 200 members for the Nidhi Company to run its operations within one year of registration.
- The net owned fund needs to increase to Rs. 10, 00,000 (Ten Lakhs) or more.
- The ratio between the net owned fund and deposits must not exceed 1:20.
