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A few Important Facts about Quick Registration Nidhi Company

We are aware of nidhi company registration online procedure to make the registration process in fastest way. Although registration procedure of a nidhi company is easy yet, support from a professional is recommended for filing difficult forms within proper deadline.

What is a nidhi company?

A nidhi company is a part of Non-Banking Financial Company (NBFC) included with the purpose of taking deposits and offering loans to its members.

How does a nidhi company work?

A Nidhi Company takes deposits from its members and uses these deposits for lending money to its members. The fundamental aim is to safeguard the members and prevent the mistreatment of the money lenders who charge high rates of interest.


What are the benefits of Nidhi Company registration?

Following are the advantages of nidhi company registration online:
  • Easy formation
  • Limited Procedure
  • Reduced rates of interest
  • No interference from outsider
  • Appropriate channel for small savings of the lower and middle parts of society

What are the minimum needs to register a Nidhi Company?

  • Minimum of 3 directors
  • Minimum of 7 shareholders
  • There is no need of minimum capital (Before it was Rs 5,00,000)
  • The aim of the company includes growing the habit of saving among its members
If you want more information about the topic, it is recommended to search for quick registration nidhi company on any well-known search engine.

What are the needs of a Nidhi Company after performing incorporation?

The following criteria are needed to be satisfied within 1 year from inauguration of the company:

Net owned fund of Rs 10 lakhs or more. Net owned funds include the money possessed by the business.

A Nidhi Company requires adding minimum 200 members within 1 year. If the company cannot satisfy this criterion, Form NDH-2 is required to be filed with the Regional Director.

A corporate unit or trust cannot be a member of a Nidhi Company.

The total deposit taken to the net owned funds should be in the ratio of 20:1. This means the total deposits cannot be more than 20 times the net owned funds.

Minimum encumbered deposit is needed to be 10% of the outstanding deposits.

How is a Nidhi Company registration done?

The Nidhi company incorporation procedure is accomplished online through the portal of Ministry of Corporate Affairs using scanned copies of all the necessary incorporation documents. The form is filled and signed with digital method in order to avoid mistakes and facilitate faster registration.

Hopefully by reading the content, you have obtained a lot of information about the topic. You may further type how to operate nidhi company in any reputed search engine in order to get more relevant information.
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