Nidhi Company Registration Services in Chennai
Are you looking to start a Nidhi company? Aanoor team provides a solution for incorporation a Nidhi company, including the issue of shares, acquiring Nidhi status, and incorporation of Nidhi company incorporation. Our team of experts will guide you through the entire process and make sure that your Nidhi company is compliant with all applicable laws and regulations.
Starting From
₹2,800
with in *5 working days
NBFC Company
A Nidhi company is a type of non-banking financial company (NBFC) in India that is registered under Section 406 of the Companies Act, 2013. Nidhi companies are mutual benefit societies that are formed to promote the habit of thrift and savings among their members. They can accept deposits from their members and lend money to them for their mutual benefit.
Includes
- Digital signature for three directors
- DIN for three directors
- Name search and approval
- ROC registration fees
- Certificate of Incorporation, MOA and AOA
- Company PAN Card
Key features of Nidhi companies:
- They are formed with the object of promoting the habit of thrift and savings among their members.
- They can accept deposits from their members up to a maximum of ₹1 lakh per member.
- They can lend money to their members for a variety of purposes, such as education, marriage, and housing.
- They are regulated by the Ministry of Corporate Affairs (MCA).
- They are required to comply with a number of rules and regulations, such as the Nidhi Rules, 2014.
Documents required for Nidhi Company Registration
- Director's passport size photographs: Two passport size photographs of each director.
- Copy of rent agreement and Landlord NOC: A copy of the rent agreement and a No Objection Certificate (NOC) from the landlord, if the registered office of the company is rented.
- Copy of property papers: If the registered office of the company is owned, a copy of the property papers.
- Copy of director's PAN card: A copy of the PAN card of each director.
- Copy of voter identity or Aadhar card of directors: A copy of the voter ID card or Aadhaar card of each director
- Water or electricity bill of the business place: A copy of the latest water or electricity bill for the registered office of the company.
Benefits
Here are some of the benefits of Nidhi company:
Safety
Nidhi companies are regulated by the MCA, which means that they are subject to a number of safeguards to protect investors.
Security
Nidhi companies are required to invest their deposits in safe and liquid assets, such as government securities and bank deposits.
Competitive interest rates
Nidhi companies offer competitive interest rates on loans, which can be a good option for individuals who are looking to borrow money.
Convenience
Nidhi companies are typically located in close proximity to their members, which makes it easy to deposit money and apply for loans. Nidhi companies can be a good option for individuals who are looking for a safe and secure place to park their savings. They also offer a variety of loans at competitive interest rates.
Nidhi company incorporation process
Apply for DIN and DSC for the directors
A DIN (Director Identification Number) is a unique identification number that is required for all directors of a company in India. A DSC (Digital Signature Certificate) is a secure electronic signature that is used for signing digital documents.
Search and reserve a name for your Nidhi Company
The name of your nidhi company must be unique and must not be identical to the name of any other existing company. You can search for a name on the website of the Ministry of Corporate Affairs (MCA).
Drafting MoA & AoA
Drafting of Memorandum of Association (MoA) and Articles of Association (AoA). The MoA and AoA are the governing documents of your nidhi company. They set out the objectives, powers, and responsibilities of the company. You can draft the MoA and AoA yourself or you can hire a lawyer to do it for you.
Filing of Forms & Fee
File the SPICe form with the ROC. The SPICe form is a simplified form that can be used to register a company with the ROC. You can file the SPICe form online or offline. Pay the registration fees. The registration fees for a nidhi limited company registration will be paid online after filing all necessary forms.
Approval & Commencement
Obtain the Certificate of Incorporation (CoI). The CI is the official document that confirms that your nidhi company has been registered with the ROC. A PAN card for the nidhi company license will be allotted. A PAN card is a unique identification number that is required for all companies in India.Open a bank account in the name of the nidhi company. You will need to open a bank account in the name of the nidhi company to receive deposits from members and to make payments.
Start your NBFC here!
Overall, Nidhi companies can be a good option for individuals who are looking for a safe and secure place to park their savings and borrow money at competitive interest rates. However, it is important to do your research before investing in a Nidhi company to make sure that it is reputable and that you understand the risks involved.Contact us today to learn more about our Nidhi company registration process.
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