Nidhi Company


Our Mission Is To Associate With Professionals And Support All Services Under One Roof !!

Rs. Onwards *All Inclusive (Fees & Taxes)*

Name Approval / Run Filing
3 DIN & 7 DSC
MOA/AOA , PAN/TAN OF Company
Certificate of Incorporation
Bank Account Opening Support

Nidhi Company

1
1

APPLY FOR DSC AND KYC OF DESIGNATED DIRECTOR (MIN.3 )

2
2

PROCESS FOR NAME APPROVAL

3
3

PREPARATION OF DOCUMENTS (MOA,AOA Etc.)

4
4

FILE DOCUMENTS WITH ROC

5
5

RECEIVE INCORPORATION CERTIFICATE

Requirements

- Mininum Shareholders should be 7,

- Minimum Directors should be 3,

- Minimum Authorized Capital Rs. 5 lakhs 

- It must have minimum of 200 members,

- It must also ensure that net owned funds are Rs. 10,00,000/- or more,

- Net owned funds’ mean the aggregate of paid-up equity share capital and free reserved as reduced by the accumulated and intangible assets appearing in the last audited balance sheet.

- It must also ensure that the ratio of net owned funds to deposit is not more than 1:20.

- It must have unencumbered term deposits of not less than 10% of the outstanding deposits.

Documents

DESIGNATED COMPANY

1. Passport size photograph (Scan Copy)

2. PAN Card copy (Mandatory)

3. Proof of Identity

   (Any one of the below)

      -Passport

      -Voter ID

      -Driving License

      -Aadhar Card

 

4. Proof of Residence (in the name of applicant)

   (Any one of the below)

     -Bank Statement

     -Electricity Bill

PLACE OF REGISTRATION OR OPERATIONS

Case-A: If the Property is owned by any Director or Shareholder:

1. Sale deed of the Property 

2. NOC from the owner (Digital CA will provide a draft copy)

 

Case-B: If the property is taken on rent by any Director or Shareholder:

1. Rent Agreement

2. NOC from the owner (Digital CA will provide a draft copy)

In addition to the above, any one of  Electricity Bill/Telephone Bill/Gas Bill/ Mobile Bill is required.

Basic Features of Nidhi Company

LOW CAPITAL REQUIREMENT

The minimum requirement of capital for registration is one of the vital advantages of Nidhi Company. As per Nidhi rules 2014, the minimum capital required for registering a Nidhi Company is Rs 5 Lakh only where you have the opportunity to invest the capital within the two months after the registration also by paying the registering fees of Rs 19,999 only. When compared with the minimum net owned fund required for registering other NBFCs in India, the capital needed for registering a Nidhi Company is very less.GV 

PERPETUAL SUCCESSION

Even after the death or retirement of any member of the Nidhi Company, its operations are not interrupted and continue to operate irrespective of any such change in the Company. Nidhi Companies follow a practice of perpetual succession which allows the Nidhi Company to continue its operations till the time it gets legally dissolved.

NO OUTSIDE INTERFERENCE

The overall operations of a Nidhi Company are concerned with and to their members only. No external party can deposit money; also they can’t intervene in management-related decisions of the Company.

EASY FORMATION

The registration process of a Nidhi Company is relatively easy in comparison to other NBFCs. To create a Nidhi company, only seven persons are required wherein three will be appointed as a Director. Moreover, the registration process requires less documentation and paperwork, which makes it easy to register a Nidhi Company.

NO RBI REGULATIONS

Nidhi Company by its nature of activity comes under the category of NBFC but does not require RBI approval. These companies follow Nidhi Rules, 2014 issued in respect of the activity and working of the company.   RBI has exempted Nidhi Company from following stringent compliances so you don’t need to be in rush-n- hush as RBI will not bother if you starting a Nidhi Company in India.

CONCLUSION

Nidhi Company is trending these days in financial market. People from all over India have been registering Nidhi Company seeing it’s benefits and also it is a safest route for staring a finance business in India at very less cost.

Important Notes

Income Tax- Every Private Company is required to file an Income Tax return in Every Year by providing 30% tax on the total income of companies.

Tax Audit– Mandatory in case sales, turnover or gross receipts of a business exceed Rs. One Crore in the previous year relevant to the assessment year.