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Nidhi Company Consultants in India Will Help You Get Nidhi Certification

Searching for knowledgeable Nidhi company consultants in India? We guarantee that you successfully receive your Nidhi company certification and offer a smooth online Nidhi company registration process. You get to depend on our helpful employees to manage the registration procedure with ease.<br><br>Get more information: https://www.jrcompliance.com/nidhi-company-registration

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Nidhi Company Consultants in India Will Help You Get Nidhi Certification

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  1. NIDHI Company Registration - All You Need to Know NIDHI (National Initiative For Developing and Harnessing Innovations) companies are a unique type of financial institution in India that focus on cultivating thrift and savings among their members. These companies are registered under the Companies Act, 2013 and are governed by the guidelines of the Reserve Bank of India (RBI). NIDHI companies offer a hassle-free and cost-effective way for new business owners to access capital and grow their ventures. www.jrcompliance.com

  2. What is a NIDHI Company? Deposit and Lending A NIDHI company is a financial institution that involves accepting deposits from and lending money to its members. It is incorporated with the primary objective of cultivating the habit of thrift and savings among its members. Regulated by MCA The Ministry of Corporate Affairs (MCA) regulates NIDHI companies, although they are exempted from certain provisions of the Companies Act that apply to other companies. Exempted from NBFC Rules While NIDHI companies are considered a type of Non-Banking Financial Company (NBFC), they are exempted from the stringent compliance requirements that apply to other NBFCs regulated by the RBI. www.jrcompliance.com

  3. Benefits of NIDHI Company Registration Low Risk of Non-Payment NIDHI companies can only accept deposits and provide loans to their members, reducing the risk of non- payment compared to other financial institutions. This makes them a safer option for both the company and its members. Easy Formation The formation of a NIDHI company is relatively straightforward, requiring a minimum of 7 members and 3 directors. The registration process is also hassle- free and less complex compared to other types of companies. Net Owned Funding NIDHI companies have a favorable net-owned funding ratio of 1:20, meaning that for every Re. 1 invested by the owner, the company can raise up to Rs. 20 in funds. This makes NIDHI companies a cost-effective option for new business owners. www.jrcompliance.com

  4. NIDHI Company Registration Process Step 1: Obtain DIN and DSC The first step in the NIDHI company registration process is to obtain a Director Identification Number (DIN) and a Digital Signature Certificate (DSC). 1 Step 2: Name Approval Next, you need to file an application with the MCA for name approval. The name of the NIDHI company must be unique and not infringe on any intellectual property rights. 2 Step 3: File Incorporation Documents After obtaining name approval, you need to submit the required documents, including the Memorandum of Association (MOA) and Articles of Association (AOA), to the Registrar of Companies. 3 Step 4: Obtain Certificate of Incorporation Once the documents are reviewed and approved, the company will receive the Certificate of Incorporation, officially registering the NIDHI company. 4 www.jrcompliance.com

  5. NIDHI Company Regulations Minimum Membership A NIDHI company must have at least 200 members within one year of its incorporation. 1 Minimum Net Owned Fund The NIDHI company must have a minimum net owned fund of Rs. 10 lakhs or more. 2 Deposit-to-Net Owned Fund Ratio The ratio of deposits to net owned fund must not exceed 1:20. 3 Unencumbered Term Deposit The NIDHI company must maintain an unencumbered term deposit of at least 10% of its outstanding deposits. 4 www.jrcompliance.com

  6. NIDHI Company Membership Individual Members NIDHI companies can only have individual members, not trusts, bodies corporate, or minors. Savings Focused The primary objective of a NIDHI company is to cultivate the habit of thrift and savings among its members. Lending to Members NIDHI companies can only provide loans and accept deposits from their own members, not the general public. Mutual Benefit NIDHI companies operate on the principle of mutual benefit, with both contributing receiving benefits. members and www.jrcompliance.com

  7. Get Expert Assistance 2 3 1 Contact Our Experts Get in touch with our NIDHI company registration consultants for expert guidance and assistance. Smooth Registration Process Our consultants will ensure a hassle-free and seamless NIDHI company registration process for you. Compliance Assistance We will also provide ongoing support to help you maintain compliance with NIDHI company regulations. www.jrcompliance.com

  8. 1800-121-410-410 www.jrcompliance.com

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