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Nidhi Company Registration - Procedure, Documents

Nidhi Company Registration is a procedure through which the incorporation of type of NBFC called Nidhi can be made possible. Find expert legal help for Nidhi company registration at Enterslice. Apply online for registering your Nidhi company in India with us. Get in touch today.

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Nidhi Company Registration - Procedure, Documents

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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. How to Register PROCESS FOR NIDHI COMPANY REGISTRATION PAN & TAN KYC OF ALL THE DIRECTORS AND SHAREHOLDERS DIGITAL SIGNATURE NAME APPROVAL FINAL INCORPORATION PAN and TAN applications can be done along with Nidhi Company Registration as it is included in the SPICe Form. 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. Digital signature (DSC) is a basic requirement to initiate the Nidhi Company Registration procedur e as all the forms are submitted should be self-attested Minimum 7 Members and 3 Directors required. Directors and Members can be the same. Enterslice Fintech, INC 2020

  5. DocumentsforNidhiCompany Passportsize NOCfromthe photographsofthe ownerofthe directors property Identityproofof Copyofrent Directorsand agreement shareholders DOCUMENTS CopyofDirectors Proofofregistered Pancard office Addressproofof AadhaarCardof thedirectorsand Directorsand shareholders shareholders

  6. KnowbeforeStartingaNidhiCompany NoApprovalfrom NoMicrofinance LowestFees Regulator RBI Activity Minimum200 Loanagainst InterestonLoan Branch Members Security 8 KEY POINTS

  7. RequirementbeforetheIncorporationPeriod CAPITAL SHAREHOLDERS W S Theminimumcapital requirementisofRs.5 lakhs Minimumnumberof shareholders- 7 DIRECTORS O T DIN Minimumnumberof Directors -3 DINforDirectors

  8. Requirement... SHAREHOLDERS FUNDLIMIT Theminimumnumberof shareholdersmustbe200at theendofthe1styear Netownedfundshouldbe morethanRs.10lakhs NETOWNEDFUNDS DEPOSIT Theratiofornetownedfunds todepositshouldbemorethan 1:20 Unencumbereddeposits shouldbemorethan10 % of outstandingdeposits

  9. BENEFITS forNidhiCompanyIncorporation Limited liability Perpetual Existence Theliabilityofdirectors Ithasaperpetualexistence; it andmanagersislimited isnotaffectedbydeathor asperTheCompaniesAct departureofanyoneorallof 2013. itsshareholders. Separate Legal Existence Credibility in market Ease of Management Ithasaseparatelegalentityasfromits TheMinistryofCorporateaffairs ExecutingchangesinNidhi promotersandshareholders.Nidhi regulatesNidhiCompanies.Hence,itis Companyismorecomfortablein Companycanacquirepropertyonits consideredmorecredibleascompared comparisontootherNBFCs. nameandalsoincurdebts. toothersimilarinstitutionscontrolled bystategovernments.

  10. 6MANDATORYCOMPLIANCE FORNIDHICOMPANY NDH 1 ROC Annual Returns TheNidhiCompanyisrequired tosubmitthelistofmembers within90daysfromtheendof everyfinancialyear. ItismandatoryforaNidhi Companytofileannualreturn withMCAthroughFormMGT- 7. 02 03 NDH 2 Profit Loss and Balance sheet TheCompanycanrequest MCAfortheextensionincase NidhiCompanyisnotableto add200membersinayear. 01 06 Thefinancialstatementsand otherrelateddocumentsare requiredtobesubmittedin FormAOC-4. 04 NDH 3 05 Income tax Returns Alongwiththeaboveforma halfyearlyreturnisalso requiredtobefiledinForm NidhiCompanyisrequiredto fileannualreturnsby30th Septemberofthefollowing financialyear. NDH3.

  11. HOWENTERSLICEHELPSYOUTOGETNIDHI COMPANYREGISTRATION? 5-StepOrderingProcess 1 FillTheForm 2 GetaCallback 3 SubmitDocument 4 TrackProgress 5 GetDeliverables

  12. TWITTER FACEBOOK LINKEDIN https://twitter.com/enterslice https://www.facebook.com/ente rslice https://www.linkedin.com/comp any/enterslice

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