Nidhi Company Registration
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Get your Nidhi Company Registration
Nidhi Company can be described as a “Non-Banking Financial Company“. It was created to lend and borrow money to its members. It encourages saving habits among its members and operates on the principle mutual benefit. They are most common in the south of the country. Nidhi Company doesn’t need to be licensed by Reserve Bank of India (RBI). It is therefore easy to create. It is registered as an open-ended public company. The last words should be “Nidhi Limited”.
FREQUENTLY ASKED QUESTIONS
What are the documents required for Nidhi company registration?
- Proof of the registered place of business
- Address proofs of the members
- Photos of the members
- PAN card copies of the members
- Digital Signature (DSC)
- No Objection Certificate (signed by the owner/ landlord)
- Identity proofs
- Director Identification Number (DIN) of the directors
- Memorandum of Association of the company (MoA)
- Articles of Association of the company (AoA)
What activities are prohibited in Nidhi company?
Nidhi Company cannot deal with chit money, hire-purchase financing, leasing finance or insurance. It is strictly forbidden to accept deposits from, or lend funds to, anyone other than members. It cannot also advertise itself to request deposits.
What forms are required for Nidhi Company Registration?
Basically there are two forms, which are required to proceed with registration.
- INC 9 (To be filed by all the subscribers to the Memorandum of Association(MOA))
- DIR 2 (to be fille by all the directors of the company, Declaration as per rule 5 & 6 of Nidhi rules 2014 – to be signed by all the subscribers.)
Process to Register for Nidhi Company
- Fill up our online application form
- Mail documents at info@indiataxhub.in
- Choose payment option from list
- Congratulations your registration process is completed, we will send your registration certificates on mail.