In this video, learn the following information about #Nidhi Company.
a) What is a Nidhi Company?
b) #Nidhi_Company_Registration
c) How Nidhi Company is the best option for people who wants to start a finance business with low capital?
d) Purpose of Nidhi Company in #India.
e) Regulate the body for Nidhi Company?
f) Eligibility Criteria, minimum qualifications for Directors for Nidhi Company Registration.
g) The registration process of #Nidhi_Company
h) Documents required for Nidhi Company formation
i) Advantages of Nidhi Company in India
j) Compliance for Nidhi Company
What is Nidhi Company Registration?
Nidhi company registration is the process of incorporating a type of NBFC called Nidhi. This NBFC is also known as Mutual Benefit Finance Company. Starting a Nidhi company is one of the best options for people who want to commence a finance business with low capital investment.
Nidhi Company Registration Process
The Nidhi Company incorporation procedure includes submission of the prescribed items;
KYC of all the Directors and Shareholders
Minimum 7 Members and 3 Directors required. Directors and Members can be the same.
Digital Signature
Digital signature (DSC) is a basic requirement to initiate the Nidhi Company Registration procedure as all the forms are submitted should be self-attested
Name Approval
The Proposed name of the Name of Nidhi company must be unique and it should not be similar. The name can be reserved through Reserve Unique Name (RUN) facility
Final Incorporation (MOA &AOA )
Once the name is approved the Nidhi Company Registration application is submitted in the SPICe Form along with Nidhi company’s Articles of Association and Memorandum of Association. After proper inspection of the application, COI is issued.
PAN & TAN
PAN and TAN applications can be done along with Nidhi Company Registration as it is included in the SPICe Form.
Complete List of Documents Required for Nidhi Company Registration
Identity proof of Directors and shareholders
Copy of Directors Pan card
Address proof of the directors and shareholders
Aadhaar Card of Directors and shareholders
Proof of registered office (Electricity/Water bill)
Copy of rent agreement (If rented)
Passport size photographs of the directors
NOC from the owner of the property
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