Process to form a Nidhi Company
A Company incorporated with objective of developing the habit of saving and service funds among of members and also receiving deposits and lending of its members. Nidhi Company is also known as Mutual Benefit Finance Company or Nidhi Bank. Starting a Nidhi company is one of the best options for people who want to commence a finance business with low capital investment.
Reserve Your Company Unique Name
Submission of MOA & AOA
Get Company’s Incorporation Certificate
Get Company’s PAN & TAN
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"Nidhi" means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefits.
A minimum of three directors are required to establish a Nidhi Company and the maximum amount cannot exceed beyond fifteen.
No,both are same things where Company formation is the process of of a business.,which is sometimes referred to as company registration.
Registering your company as a private limited company steps are 1. First (DSC)* that is Digital Signature Certificate must be obtained & then DIN* 2. After that Name Availability & Form SPICE INC-32 MOA and AOA 3. The Last one is to PAN and TAN Application
There following 4 steps only which has to follow for company formation 1. Procure Digital Signature Certificate 2. Obtain Director Identification Number 3. Reservation of Name 4. Certificate of Incorporation Start your Business Now!
imited risk to personal assets: The shareholders of a private limited company have limited liability. Legal Entity : This means that the Company is responsible for the management of its assets and liabilities, debtors and creditors. Raising Capital: Even though registering a PLC comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity, expand and at the same time limits the liability.
The minimum authorized capital to start should be Rs. 500000(US $7549 approx) and it can be increased to any amount(no upper limit). This money is deposited in your company bank account at your disposal.
Pvt. Ltd. Company must end with words "Private Limited". The MCA Rules for name approval is same for Pvt. Ltd. or LLP or One Person company. One cannot apply for name for Private Limited Company if the same name is already taken for an LLP.
It usually takes 35-45 working days to register a Nidhi Company..
Yes, the company incorporation process is online. You can email / upload us the required documents.
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