What Is Nidhi Company Registration?  This article will discuss what a Nidhi Company is, and how it differs from an LLP company or a Nidhi company in India. It will also explain the registration process, and where you need to register your Nidhi Company in India.

Introduction About Nidhi Company

Nidhi is a Hindi language word. This word uses for financial service. A Nidhi company is a mutual benefit society. In That kind of societies are register under Nidhi Company rule section. In there, you can take deposits money. And you can also apply for loan with an attractive interest rate. Nidhi companies are classified as an NBFC (Non-

Banking Finance Company) but are exempt from taking license from RBI. Nidhi company gives biggest advantage. There no need regarding RBI Approval to open nidhi company.  After company registration “Nidhi Limited” word use at the end of company name.  With the help of this anyone can identify

Nidhi company. It is non-financial banking structure that create for saving company member money. Company members can apply for a loan with affordable interest loan that member easily pay. Loan process in Nidhi company is easy compare to bank. There you can easily apply compare to any other financial institute. Nidhi Company’s activities are controlled by the board management.

To start a nidhi limited you need at least seven members. After completing 3 year of company. You can open next branch in same town. In this minimum 3 directors are compulsory those operate organization in well maner.

Visit Ministry of Corporate Affairs Website

Nidhi limited work under company acts that regulate in mca. To know complete information about Nidhi Company Registration. You can visit the Ministry of Corporate Affairs website. On MCA’s site, you will find entire information related to Nidhi registration and forms. That can fill for registering Nidhi Company in India. You can read about registered and non-registered Nidhi’s in detail by clicking on Registered Nidhi. You will also get an idea about new companies acts, like Limited Liability Partnership Act, 2013; Companies (Amendment) Act, 2014; Private Limited Company (Second Amendment) Bill 2012; etc. In the next step download form.

After reading complete details related to Nidhi company registration, go to the Forms section of MCA’s website. Here you will find all forms related to the Nidhi company registration process. Select the appropriate form and download it. Fill up all required fields with correct details and attach necessary documents along with the form when submitting it at the Registrar office. They are incorporate as a public limited organization.

Select Incorporate A Company

Now, to start your Nidhi Company Registration in India, you need to make a choice on which type of corporate entity you want to incorporate. There are three main types of business structure available to choose from: Private Limited Company, Public Limited Company and Limited Liability Partnership (LLP). All these structures are applying with various laws and regulations that ensure proper functioning of these entities.

Make an application for Nidhi Company Registration. After deciding on a suitable corporate structure for your business. This make sure all other formalities are complete, it’s time for applying for Nidhi Company Registration in India with ROC or DSC. You can visit any nearby branch of the Registrar Of Companies (ROC) or Director General Of Income Tax (DGIT) office to apply for Nidhi Company Registration. Here is where you will submit all documents required as per your chosen company structure along with a processing fee and obtain a certificate of incorporation called Certificate Of Incorporation (CoI). This CoI is mandatory when starting any kind of business in India.

The registration process takes approximately 15 days once you have submitted everything correctly. Upon successful Nidhi Company Registration in India, you will be issued a permanent registration number and date of commencement. If your company name is already registered with ROC or DGIT then you don’t need to register again but just update your existing records.

Provide Nidhi Company Details (Name, Address, Purpose etc.)

The name of the company must include one word or abbreviation indicating its corporate status, e.g., Pvt. Ltd or Ltd. The name should not be misleadingly similar to that of any other existing company in India. The words ‘Limited’, ‘Ltd’ or ‘Private Limited’ may be abbreviated as ‘Ltd.’ and used as part of a company name. A private limited company can have a maximum of fifty members; if more than fifty members are proposed at registration, then it becomes a public limited company (see below).

A private limited company requires at least two directors and a minimum share capital of Rs. 1 lakh. It cannot offer its shares to the general public. Once it is convert into a public limited company by way of an offer for sale. It can freely sell shares to anyone who is eligible under SEBI regulations to purchase them. Public companies must have at least seven directors and cannot have more than twenty-five members. They require a minimum paid up share capital of Rs. 5 lakhs and must make their shares available to everyone through a stock exchange or through their website.

Submit Details for Final Verification

When you’re sure everything is perfect and professional, submit your content. First, you’ll need to send a sample post (if applicable) to make sure everything looks good. To do so, just follow up with an email asking for a sample post on that topic: Hey [name], Is it possible to have a sample post on [topic] before I officially sign up? Thanks! [Nidhi Company Name] Next, fill out their final-verification form on their site. It will look something like this: Once you’ve submitted your details, they should review them in 24 hours or less. If they approve of them, then congratulations!

Choose Payment Option For Nidhi Company Registration In India

Nidhi Company registered under section 8 of companies act 2013 can be incorporated only as a private limited company. The minimum paid up capital for registration of Private Limited Company is Rs. 50000/-. For getting more details about Nidhi Company Registration in India. You may Contact Us: +91-9828123489 and Send Enquiry to know more about Online Nidhi Company Registration in India .

Download Filed Documents

Any time you start a new business, there are several legal documents to keep track of. These include: Company  Name Application, which has your business name and any alternative names or DBAs that you plan on using. It also has information about how long you can use those names for. Articles of Incorporation, which is an explanation of what you plan on doing with your business and when it will start. Government Official’s acceptance is important for a name change to become official. Fictitious Name Certificate/Certificate of Doing Business Under an Assumed Business Name. This is filed by all businesses whose owner’s name isn’t listed as part of their business’ name.

Get VAT/ TAN Number & Bank Account Details.

One of the major requirements for Nidhi formation is obtaining a TAN Number and a VAT number. This can be done by applying for it in person at your city’s Income Tax office or by hiring someone to do so on your behalf. A VAT number will cost anywhere between $2 – $10 depending upon what kind of assistance you may need from an accountant. An additional $20 – $30 should cover having your accountant apply for your TAN Number and send it over to you via express mail service. Total Cost to get all documents is $60 maximum. though it can pay in installments to spread out costs. If you plan on opening a bank account with which to receive funds for your business. Then there are several things that must first happen:

1) You must obtain all necessary documentation (e.g., passport copies)

2) You must go through KYC (Know Your Customer)

3) You must have enough cash to open an account

4) The bank must have space available in their branch and

 5) The bank must be willing to open up a new account for you.

If any of these criteria are not fulfill, then your request will either take longer or simply won’t happen. For example, I am applying  for my TAN Number on March 24th. It does not get it until April 15th.

Share Document with Tax Officer to get Clearance Certificate.

The next step is for us to submit a copy of your Company’s Memorandum of Association and Articles of Association to your local Tax Office (ITO or Assistant Commissioner) who will send you a Clearance Certificate. This process can take up to 2 weeks, so it’s important that we have all your details correct at this point. We’ll let you know when we’ve submitted your documents and ask you to check out payment via bank transfer. or Western Union from your home country. We’ll use a lawyer registered in Mauritius as an intermediate party in order to avoid fraud: they’ll check over your documents and work with our team so that there are no issues when we submit them

In this article, we get complete knowledge about nidhi company. The Process to register an organization as nidhi company in India.