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Nidhi Companies in India are formed to grow the habit of savings amongst its members. Borrowing from members and lending money to its members are allowed for nidhi companies. Thus, the funds donated to a Nidhi Company belong to its members or shareholders only. These companies are registered limited companies. Basic features As these Companies are identical to a NBFC, their activities are under the supervision of Reserve Bank of India. Since these Companies deal with the money of its shareholders’ money, they are exempted from the basic provisions and other rules of RBI that are pertinent to a NBFC. If you are in Kolkata, you can search with the phrase nidhi company registration online in Kolkata to get more information about the topic. Restrictions of Nidhi Company According to Rule 6 of Nidhi Rules, 2014, these companies are having a number of restrictions. This type of company cannot involve in the following activities: Issuing preference shares, debentures or any o

Nidhi Company Registration incorporation procedure becomes easier with the arrival of company registration process on online platforms. The incorporation can be performed at a reduced price and tenure. You need to give a minimum government fee while investing Rs 1 lakh as minimum authorized capital. Legal assistance from a chartered accountant or a lawyer is essential. Their fees vary because the level of experience and expertise are different.  This is applicable for offline registration process. It can also be done online where the fees of incorporation is lower. In this circumstance, there is no need of minimum paid-up capital. If you want to register your company in Kolkata, you may search for cost of private limited company registration in Kolkata to get more information. To apply for the registration of a private limited company, at least two directors and two shareholders are required. An individual can be both a director and shareholder while a corporate legal body ca