Nidhi Company is also known as Mutual Benefit Finance Company which is a type of Non-Banking Financial Company. The fundamental aim is to safeguard the members and prevent the mistreatment of the money lenders who charge high rates of interest. Nidhi Companies are exempted from main provisions otherwise applicable to an NBFC in India.
One of the most important things we have to consider while Nidhi Company Registration is choosing the company name. Rising a prices and lowest purchasing capacity have always been a matter of concern for the middle and small class groups of peoples. Their financial burden somehow made the savings impossible for them. The creation of Nidhi Company, they too become capable of savings and investing and Nidhi Company Registration Online acts as a saviour for middle and low-level income groups of peoples.
Key Points to Remember Before Starting a Nidhi Company in India :
Requirements for minimum number of members, net owned fund etc. (As par Rule 5 of Nidhi Rules, 2014) :-
Within a period of one year from the date of incorporation, every nidhi shall ensure that it possesses :
a) Not less than 200 members
b) Net owned funds of Rs 10 lakhs or more
c) Unencumbered deposits of not less than 10% of the outstanding deposits as specified in Rule 14; and
d) The ratio of net owned fund to deposits of not more than 1:20
Documents Required For Nidhi Company Registration
Pan Card :- Pan card is required for all the Directors and Shareholders of the company.
ID Proof :- Driving License, Voter Id Card or Passport. Any one Id Proof is required for all the Directors and Shareholders of the company.
Bank Statement :- Latest Bank Statement not older than 2 months is required for all the Directors and Shareholders of the company.
Passport Size Photo :- Passport size photograph is required for all the Directors and Shareholders of the company.
Registered Office Proof :- Latest Utility bill not older than 2 months, Rent agreement in case of rented property Registry Proof or House Tax Receipt in case of owned property and No Objection Certificate (NOC) from the owner.
We are aware of nidhi company registration online procedure to make the registration process in fastest way. It Completely online service, no physical presence required. Register a nidhi company in just 14,900/- inclusive of all taxes. Our professionals offer the best services in cost-effective nidhi company registration fees.
One of the most important things we have to consider while Nidhi Company Registration is choosing the company name. Rising a prices and lowest purchasing capacity have always been a matter of concern for the middle and small class groups of peoples. Their financial burden somehow made the savings impossible for them. The creation of Nidhi Company, they too become capable of savings and investing and Nidhi Company Registration Online acts as a saviour for middle and low-level income groups of peoples.
Key Points to Remember Before Starting a Nidhi Company in India :
Requirements for minimum number of members, net owned fund etc. (As par Rule 5 of Nidhi Rules, 2014) :-
Within a period of one year from the date of incorporation, every nidhi shall ensure that it possesses :
a) Not less than 200 members
b) Net owned funds of Rs 10 lakhs or more
c) Unencumbered deposits of not less than 10% of the outstanding deposits as specified in Rule 14; and
d) The ratio of net owned fund to deposits of not more than 1:20
Documents Required For Nidhi Company Registration
Pan Card :- Pan card is required for all the Directors and Shareholders of the company.
ID Proof :- Driving License, Voter Id Card or Passport. Any one Id Proof is required for all the Directors and Shareholders of the company.
Bank Statement :- Latest Bank Statement not older than 2 months is required for all the Directors and Shareholders of the company.
Passport Size Photo :- Passport size photograph is required for all the Directors and Shareholders of the company.
Registered Office Proof :- Latest Utility bill not older than 2 months, Rent agreement in case of rented property Registry Proof or House Tax Receipt in case of owned property and No Objection Certificate (NOC) from the owner.
We are aware of nidhi company registration online procedure to make the registration process in fastest way. It Completely online service, no physical presence required. Register a nidhi company in just 14,900/- inclusive of all taxes. Our professionals offer the best services in cost-effective nidhi company registration fees.