Get Nidhi Company Registration Online Consultant in India

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A Nidhi company comes under NBFC (Non-Banking Finance Company) which is simple and less complex as compared to other types of finance companies. It is a best financial NBFC type company which provide fast service among its members and the core business activity of a nidhi company is to borrow and lend money to its members only. Find online nidhi company registration consultant to start the business in fastest way.

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Nidhi Companies in India are formed to grow the habit of savings amongst its members. As these Companies are identical to a NBFC,Get Nidhi Company Registration Online Consultant in India Articles their activities are under the supervision of Reserve Bank of India. A nidhi company can take deposits from its members and offer money to them. The primary work of Nidhi company includes making a habit of thrift and saving among its members and the services of members are limited.

Nidhi company doing as a very popular lending mechanism for secured loans, and the operations of it very similar to the co-operative society. It is very important part for financial type of small business , to secure the business purpose activity and grow the company as soon as possible. To incorporate your nidhi company online without any legal problem and get cost-effective registration fees and it help growing entrepreneurs to process their nidhi company registration documents accurately and perform the registration process in fastest and hassle-free ways.

Post Incorporation Needs for Nidhi Company

Within a period of 1 year from beginning, every Nidhi must fulfil all of the following criteria:

  • It must have minimum 200 members
  • It must make sure that net owned funds are Rs. 1000000 or more
  • The ratio between net owned funds and deposit is not more than 1:20
  • It needs to have unencumbered term deposits of not less than 10% of the outstanding deposits.

Minimum Requirement of Nidhi Company Registration

According to Companies Act, 2013, in order to start this company, the first step includes incorporation of a nidhi company.

  • Minimum of 3 directors
  • Minimum of 7 shareholders
  • There is no need of minimum capital (Before it was Rs 5,00,000)
  • The aim of the company includes growing the habit of saving among its members
  • The application should accompany Memorandum of Association (MoA) and (AoA) of Nidhi Company.
  • PAN and TAN applications will be done with Nidhi Company Registration.

The business of Nidhi Company is concerned with the financial services which are important for small type mutual benefit. The Nidhi company incorporation procedure is accomplished online through the portal of Ministry of Corporate Affairs using scanned copies of all the necessary incorporation documents. The form is filled and signed with digital method in order to avoid mistakes and facilitate faster registration with the help of best nidhi company registration consultant.