Right Way to Find Nidhi Company Registration Consultants

1. NIDHI COMPANY REGISTRATION www.jrcompliance.com

2. WHAT IS NIDHI COMPANY REGISTRATION? National Initiative For Developing and Harnessing Innovations (NIDHI) is a financial institution or NBFC that involves deposits and money lending to its members. Moreover, NIDHI company is registered under the Companies Act, 2013, and is governed according to the guidelines of the Reserve Bank of India (RBI). www.jrcompliance.com

3. BENEFITS OF NIDHI COMPANY REGISTRATION No Requirement for RBI License. Mutual Benefits of Members. Limited Capital Requirement. No Limit on Maximum Number of Members. Loans Against Security. Professional Management. Lower Risk Involved. Simplified Compliance. www.jrcompliance.com

4. APPLICABILITY OF NIDHI RULES (RULE 2) Under sub-section (1) of Section 620A, Companies Act,1956, companies declared as NIDHI or Mutual Benefit Society. The company incorporated as a NIDHI company pursuant under the provisions of Section 406 of the Act. A company is functioning on the lines of NIDHI company or Mutual Benefit Society. However, either does not has applied for registration as a NIDHI company or Mutual Benefit Society or has applied for registration or is waiting for a notification to be a NIDHI or Mutual Benefit Company under Companies Act, 1956 and sub-section (1) Section 620A. www.jrcompliance.com

5. Should have at least 7 members and 3 directors. Minimum capital requirements for NIDHI incorporation is Rs 5 lakh. NIDHI company is not authorized to issue preference shares. Should encourage saving habits through deposit and lending money to its members. Director Identification Number (DIN) of directors. www.jrcompliance.com

6. Must have 200 members within a time period of 1 year. Should possess New Owned fund of worth Rs 10 lakh or above Rs 10 lakh. The prescribed ratio of New Owned Fund must not to deposit must not exceed above the ration 1:20. A minor, trust, or body corporate must not be a member of NIDHI company. The unencumbered term deposit must be above 10% of outstanding deposits. www.jrcompliance.com

7. Documents Required For NIDHI Company Registration Passport size photographs. Digital signature certificate (DSC). NOC signed by owner or landlord. Director Identification Number (DIN). Memorandum of Association (MOA) and Article of Association (AOA). Address proof and residence proof. Passport, in case the company includes foreign directors. PAN Card for the company’s financial transaction and taxation process. www.jrcompliance.com

8. To commence the NIDHI company registration process, first, procure the Digital Signature Certificate and Director Identification Number. Next, for name approval, you are required to file an MCA application. For this, the name of the company should be unique and must not violate intellectual property rights. After filling the application, submit the required documents to the Registrar of Companies, through INC Form 32, including MOA, AOA, and mention the fundamental objective of establishing the NIDHI company. After reviewing the documents, the company can obtain the certificate of incorporation. As you obtain the certificate of incorporation, you are required to apply to obtain PAN and TAN. At last, open a bank account on the business’s behalf for money transactions. www.jrcompliance.com

9. Our Nidhi company consultant will provide you with complete support in the process of registration. Our NIDHI company registration consultant will provide you with assistance in documentation. Our Nidhi company consultants will invest our sustain efforts in finding the most appropriate name of the company. Our Nidhi company consultant will assist you in keeping track of your application. Our Nidhi company consultant will provide you with the most satisfactory solution to your concern regarding Nidhi company registration process. www.jrcompliance.com

10. Connect with us. 1800-121-410-410 www.jrcompliance.com