ONLINE NIDHI COMPANY REGISTRATION | REGISTER A NIDHI COMPANY

1. ONLINENIDHICOMPANYREGISTRATION|REGISTERA NIDHICOMPANY What is a Nidhi Company? A Nidhi company is one that belongs to the non-banking Indian financesector and is recognized under section 406 of the Companies Act, 2013. Theircore.. What is a NidhiCompany? A Nidhi company is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relatingto their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only. Nidhi means a company which has been Nidhi Company incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for theirmutual benefit.Navika India Nidhi Limited is one of the best Nidhi Company inindia Nidhi companies existed even prior to the existence of companies Act 2013. The basic concept of nidhi is “Principle of Mutuality” These companies are more popular in South India, and 80% of Nidhi companies are located in TamilNadu. What is the requirement for registration of a Nidhicompany? Nidhi” is a Hindi word, which means finance or fund. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit. Nidhi company registration requires minimum 3 members. All the Nidhi company’sincorporated shall have the last word as “Nidhi Limited” as part of its name. Nidhi company is easy and economical to register. Nidhi company registration can be done through LegalRaasta in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indiancities. Nidhi Company requires minimum 3 members. It might not issue preference share. Ifpreference shares have already been issued by a Nidhi Company before initiation of this Act, such preference shares are to be redeemed in accordance with the terms of issue of such shares. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name. Nidhi Company Registration is done throughLegalraasta. Which Documents required forregistration?

2. Proof of the registered place of business (Ownership documents/ rent or leaseagreement) No Objection Certificate (signed by the owner/landlord) Identityproofs Address proofs of the members Photos of themembers PAN card copies of themembers Digital Signature(DSC) Director Identification Number (DIN) of the directors Memorandum of Association of the company(MoA) Articles of Association of the company(AoA) The process of Registration of NidhiCompany Usually, Nidhi Company Registration Process takes up to 45 days, Registration of a Nidhi Company consists the followingsteps: Minimum 7 Members and 3 Directors will be required to start the Incorporation of Nidhi Limited. Apply for DIN andDSC. After getting the DIN and DSC, file an application in INC-1 to MCA for reservation of name of NidhiCompany. Once the name is approved, Prepare Memorandum of association and Articles of Association according to Nidhi objects and all other required documentscarefully. Apply forIncorporation. Get IncorporationCertificate. Apply for PAN andTAN Venture Care can help you guide through the process for Nidhi Company or Need of Nidhi Company registrationeasily & also helps in the Business ValuationServices If you have any query please comment in the comment box below or call us on9172713075 TAGS NIDHI COMPANY INCORPORATION NIDHI COMPANY REGISTRATIONNIDHI COMPANY REGISTRATION FEES ONLINE NIDHI COMPANY REGISTRATION REGISTER ACOMPANY