Why start a Nidhi Company?
Loans from members
It's allowed to take loans from members and can lend to only members
No separate registration
RBI is empowered to issue any directives to them. Nidhi Companies are as such exempted from main provisions otherwise applicable to an NBFC in India
Minimum compliances
Compliances requirements are lesser
How to start Nidhi Company?
Benefits of choosing a Nidhi Company
Separate Legal Entity
Cultivate Savings
Transferability
Cheap Borrowings
Mutual Benefits
Builds Credibility
Timeline
FAQs
What are documents required?
What you will get?
Deliverables that you will receive by choosing this service are -
1) DIN for 3 Directors
2) AOA and MOA
3) Bank Account opening support
4) Company PAN Card
5) ESI and PF Registration
6) Producer Company Incorporation Certificate
7) Stamp duty on INR 5 Lakh Authorized Capital
8) Company TAN/TDS Number
9) 7 Digital Signature Certificates
Minimum Criteria to apply for Nidhi Company
1) Minimum 7 Shareholders
2) Director Identification number (DIN) for all the directors (will make it for you if you din't have it)
3) Minimum 3 Directors
4) Digital Signature Certificate (DSC) for the directors (will make it for you if you din't have it)
5) After incorporation with 7 members, within 1 year, you must have atleast 200 members
1) PAN Card - PAN Card of shareholders and Directors.
2) Identity Proof - Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
3) Director's Address Proof - Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
4) Photograph - Latest Passport size photograph of Shareholders and Directors.
5) Business Address Proof - Latest Electricity Bill/ Telephone Bill of the registered office address
6) NOC from Owner - No Objection Certificate to be obtained from the owner(s) of registered office
7) Rent Agreement - Rent Agreement of the registered office should be provided if any