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Nidhi Company registration online | Form Nidhi company NBFC

A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that is formed to borrow and lend money only to its members. Such companies accept deposits as well as lend loans only to its members for their mutual benefit.A Nidhi company is registered under Section 406 of Companies Act, 2013. It is governed by Nidhi Rules, 2014.Register your company withEnterslice and get an approval to function as a Nidhi Company within a few days. Receive your license within a few days.<br>

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Nidhi Company registration online | Form Nidhi company NBFC

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  1. ENTERSLICE FINTECH, INC. PRESENTS Nidhi Company A Registration Guide Enterslice Fintech, INC 2020

  2. What is Nidhi Company "A Nidhi company, also known as Nidhi Bank aims to cultivate the habit of savings and thrift amongst its members.Its main area of operation is borrowing and lending of funds.As per the rules,it can only make transactions with its registered members and within the permitted district of work." Enterslice Fintech, INC 2020

  3. The Companies Act 2013 The Nidhi Company is registered with the Ministry of Corporate Affairs and regulated by the Companies Act 2013. The registration process is comparatively easy in comparison to registration processes of other NBFCs. Enterslice Fintech, INC 2020

  4. KYC OF ALL THE DIRECTORS AND SHAREHOLDERS DIGITAL SIGNATURE NAME APPROVAL FINAL INCORPORATION PAN & TAN How to Register The Proposed name of the Name of Nidhi company must be unique and it should not be similar. The name can be reserved through Reserve Unique Name (RUN) facility Once the name is approved the Nidhi Company Registration application is submitted in SPICe Form along with Nidhi company’s Articles of Association and Memorandum of Association. After proper inspection of the application, COI is issued. PAN and TAN applications can be done along with Nidhi Company Registration as it is included in the SPICe Form. Digital signature (DSC) is a basic requirement to initiate the Nidhi Company Registration procedure as all the forms are submitted should be self-attested Minimum 7 Members and 3 Directors required. Directors and Members can be the same. PROCESS FOR NIDHI COMPANY REGISTRATION Enterslice Fintech, INC 2020

  5. Documents for Nidhi Company Passport size photographs of the directors NOC from the owner of the property Identity proof of Directors and shareholders Copy of rent agreement • DOCUMENTS Copy of Directors Pan card Proof of registered office Address proof of the directors and shareholders Aadhaar Card of Directors and shareholders

  6. Know before Starting a Nidhi Company No Approval from RBI No Microfinance Activity Lowest Fees Regulator Minimum 200 Members Loan against Security Interest on Loan Branch • 8 KEY POINTS

  7. SHAREHOLDERS CAPITAL DIRECTORS DIN Minimum number of shareholders- 7 The minimum capital requirement is of Rs. 5 lakhs Minimum number of Directors -3 DIN for Directors • Requirement before the Incorporation Period W S O T

  8. SHARE HOLDERS NET OWNED FUNDS DEPOSIT FUND LIMIT • Requirement... The minimum number of shareholders must be 200 at the end of the 1st year The ratio for net owned funds to deposit should be more than 1:20 Unencumbered deposits should be more than 10 % of outstanding deposits Net owned fund should be more than Rs. 10 lakhs

  9. BENEFITS • Separate Legal Existence • Limited liability • Ease of Management • Credibility in market • Perpetual Existence It has a separate legal entity as from its promoters and shareholders. Nidhi Company can acquire property on its name and also incur debts. The liability of directors and managers is limited as per The Companies Act 2013. Executing changes in Nidhi Company is more comfortable in comparison to other NBFCs. The Ministry of Corporate affairs regulates Nidhi Companies. Hence, it is considered more credible as compared to other similar institutions controlled by state governments. It has a perpetual existence; it is not affected by death or departure of any one or all of its shareholders. • for Nidhi Company Incorporation

  10. 6 MANDATORY COMPLIANCE • NDH 3 • Income tax Returns • NDH 1 • Profit Loss and Balance sheet • ROC Annual Returns • NDH 2 The Company can request MCA for the extension in case Nidhi Company is not able to add 200 members in a year. The Nidhi Company is required to submit the list of members within 90 days from the end of every financial year. Along with the above form a half yearly return is also required to be filed in Form NDH 3. It is mandatory for a Nidhi Company to file annual return with MCA through Form MGT-7. Nidhi Company is required to file annual returns by 30th September of the following financial year. • FOR NIDHI COMPANY The financial statements and other related documents are required to be submitted in Form AOC-4. • 02 • 03 • 01 • 06 • 04 • 05

  11. HOW ENTERSLICE HELPS YOU TO GET NIDHI COMPANY REGISTRATION? • 5-Step Ordering Process 1 Fill The Form 2 Get a Callback 3 Submit Document 4 Track Progress 5 Get Deliverables

  12. FACEBOOK TWITTER LINKEDIN https://www.facebook.com/enterslice https://twitter.com/enterslice https://www.linkedin.com/company/enterslice

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