Want to start Banking business. Register Nidhi Company
Its recognized under section 406 of the Companies Act, 2013. Which performs the functions of lending and borrowing of money within its members. It promotes the art of saving and utilization of funds within its member community. The objective of such a firm would be to imbibe in the members a habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit and the services would only be restricted to its members.
They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.
1. Limited Liability.
3. Safest and the cheapest way of inviting deposits from the general public.
4. No external factors are affecting the working of Nidhi Company
5. Minimum capital requirement for the registration of Nidhi company is 5,00,000.
6. No RBI Regulations – less compliance
7. More Benefits to the members
8. Very Easy formation
1. Identity proof of directors and shareholders
(Aadhar card, Driving License).
2. PAN Card of Directors
3. Utility / electricity bill
4. Address proof of the office
5. No-Objection Certificate and Rent agreement from the landlord, if applicable
6. Passport-size photograph of the Directors
Fill out our Incorporation Form by clicking on the submit link below and also Submit the required Documents to Initiate your Company Formation.
After verifying the details provided by you we will be applying for the Name Approval.
DSC & Documents
We will be creating your DSC and DPIN also filing the required documents in the ROC.
After the Completion of Incorporation we shall Courier you the Incorporation KIT along with the Certificates.
Frequently asked questions
What is Nidhi Company?
Nidhi Company is a Non Banking Financial Company registered under the Section 406 of Companies Act,2013. Nidhi Company takes amount from the members as a saving account and fixed account deposit and provides the secured loan to his members.
How many shareholders and directors required to form a nidhi company?
At the time of incorporation of nidhi company, minimum seven share holder and three directors require. One of the Directors must be indian citizen at the time of incorporation.
What are the documents require for the registration of nidhi company?
List of documents require for the registration of nidhi company:-
What is the procedure for registration of nidhi company?
1. Promoters have to take the approval of name from the ministry of corporate affairs.
How much time require to get the certificate of company incorporation?
Normally, Ministry of Coporate affairs takes 3 to 5 days to process the documents of company incorporation and issued the Certificate of Incorporation on registered mail id.
What are the compliance to be done by the directors after the registration of Nidhi Company?
After the Registration of Nidhi Company, Every directors hold the first board meeting of the company within 30 days from the date of incorporation and discuss on the below points:
How Solvesto helps in Incorporate your dream company?
Our Marketing Executive takes the documents for registration of Nidhi company after the approval of name. Give the access of dashbord to track the Status of company incorproation. Our Operations team prepare all the documents within one working day and submit the documents on Ministry of Corporate Affairs of the company.
Name Approval of Company
AOA & MOA of Company
Certificate of Incorporation
PAN & TAN
Three DIN of Directors
Three DSC of Directors
Seven DSC of Shareholder
Assistance in Bank Account Opening
Authorised Capital of Rs 1,00,000