NIDHI Company is governed by NIDHI Rules 2014. They are incorporated in the nature of the public limited company and hence they have to comply with two sets of norms, one of the public limited companies as per companies act 2013 and another one is for NIDHI rules 2014. No RBI approval is necessary to register the company, as RBI has specifically exempted this category of NBFC in India to comply with its core provisions such as registration with RBI. Every NIDHI shall within a period of one year from the commencement ensure that it has not less than 200 members. The Legal Bank is the best professional team for Nidhi company registration in Jaipur.
NIDHI Company registration in Jaipur is simpler and less complex as compared to other types of finance companies like NBFC which require an RBI license to start.
A NIDHI Company can be started with an initial capital of ₹5 lakh and requires at least 7 people to start with.
NIDHI Company registration in Jaipur also requires three directors initially.
Every promoter or director shall need a copy of PAN card, identity proof, and address proof to apply for NIDHI Company.
It takes around 15-20 days to get NIDHI Company registration in India. for detailed information, you can visit the Ministry of Corporate Affairs (MCA).
Only shareholders/members of NIDHI Company, who have membership identity, can invest in the scheme. To be a member, you must be 18 years and above as per age proof and must be a citizen of India.
The documents required for Nidhi company register in jaipur from the director and shareholders are:
Pan Card/Aadhar Card
Voter ID/Passport / License
Two passport photo
Bank Statement- latest 3 month(Bank Pdf)
Email, Mobile No, Profession, Qualification, and Duration of stay at present address.
Documents required of the proposed registered address are as follows:
Electricity bill/Other Utility Bill of the proposed registered address
NOC or rent agreement from the owner of the premises
Even if the director is the owner of the property NOC is needed from him
Bank Statement- latest 3 month(Bank Pdf)
Email, Mobile No, Profession, Qualification, and Duration of stay at present address.
Note:- All document must be scan from the scanner with good quality
Nidhi Company registration process can be completed in around 10-14 working days after all document received completely from the customer side; as follows:-
Preparation of documents – 2 days
DSC Application – 1 day
Name Approval through RUN – 1-2 days
Filing of form – 2 days
Approval – 8-10 days
Procedure For Nidhi Company registration
For the Nidhi Company registration process, the first thing would be the submission of all the required documents to the company professionals OR representatives.
After the submission of your documents, The Legal Bank team would generate the DSC and DIN to you after your approval.
The name you would propose will be then verified and would be approved(if available).
The details will be filled in the SPICe form.
The submission of the SPICe form will be done after that.
And your work after these steps would be complete, within 15-20 working days your NIDHI company will be formed.
The benefit of NIDHI Company is a high rate of interest of 7.5%. And NIDHI Company can earn max 20% interest on loans in reducing the balance method.
The registration of NIDHI Company is simple as compared to other companies.
No need to get approval from the RBI.
Minimum start-up capital required of ₹5 lakhs.
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