Cost of Nidhi Company Registration Online in Maharashtra-UP-West Bengal

   2021-08-07       89        Business
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Channel Description : Nidhi Company Registration Online | Private Limited Company Registration Online | Public Limited Company Registration Online
Channel Link : https://oneclickbusinesssolutions.blogspot.com/
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Title : Why Nidhi Limited Company is Important for Lending Financial Business?
Description :

As the banking sector has grown in power and influence, so too have new lenders emerged to challenge their dominance. One of those is Nidhi Company, a Non-Banking Financial Company (NBFC) that provides financial services like lending, insurance and other banking solutions to individuals and businesses. But why is Nidhi Limited Company important for lending business? In this blog post, we’ll take a look at some of the key benefits that make it such an attractive option for both borrowers and lenders alike. From its unique approach to risk management to its dedication to transparency and customer service, we’ll explore how Nidhi Limited Company stands out from the competition.

Nidhi Company Registration Fees

Know About Nidhi Company

 Nidhi finance companies are  financial type of institutions that are registered under the Companies Act, 2013. Nidhi companies are also known as permanent finance companies or mutual beneficiary societies. They provide loans to their shareholders at reasonable rates of interest and without any collateral security.

Nidhi companies are allowed to accept deposits from their shareholders only and no other person. The deposits accepted by Nidhi companies from their shareholders shall be in the nature of share capital and unsecured debentures only. Nidhi companies cannot issue preference shares or Redeemable Cumulative Preference Shares (RCPS).

The main objective of a nidhi company is to cultivate the habit of thrift and savings amongst its members, promote their economic interests and help them in securing loans easily at reasonable rates of interest.

Nidhi companies are required to maintain a minimum Net Owned Funds (NOF) of Rs 5 Crore at all times. NOF comprises of Share Capital + Free Reserves - Goodwill - Accumulated Losses.

How To Start Nidhi Finance Company?

There are many reasons for why a Nidhi finance company is important for lending money. They include the following:

  • Nidhi companies have been in existence for over 2000 years and their model has been time-tested.
  • Nidhi companies are owned and run by their members, which gives them a strong sense of community and responsibility towards each other.
  • The interest rates charged by Nidhi companies are generally lower than those offered by banks or other financial institutions.
  • Nidhi companies offer a number of services beyond just lending money, such as deposits, withdrawals, and exchange of foreign currency.
  • Nidhi companies typically have a better understanding of the local market and can offer more personalized service.

Criteria of Nidhi Company Registration

Nidhi companies are governed by the Nidhi Rules, 2014. As per these rules, a Nidhi company must have a minimum net owned fund (NOF) of INR 5 Crore.

A Nidhi company must have at least 200 members.

A Nidhi company must have a minimum paid-up capital of INR 10 Lakhs.

A Nidhi company cannot commence its business with less than 3 directors on its board.

A director of a Nidhi company must not be a director in more than 2 other companies.

These are the main criteria for register a Nidhi Company in India. In addition to these, the company must also comply with all the other requirements as specified under the Companies Act, 2013 and the rules and regulations framed thereunder.

Procedure of Nidhi Company Registration

Nidhi Company registration is a simple and straightforward process. Any Indian citizen above the age of 18 can apply for a Nidhi company registration online. The following are the steps to register a Nidhi company:


1. The first step is to obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN). These can be obtained from the website of the Ministry of Corporate Affairs (MCA).

2. After obtaining the DSC and DIN, the applicant will need to fill out the requisite forms on the MCA website.

3. Once the form is filled out, it needs to be uploaded on the MCA website along with the DSC and DIN.

4. After successful submission, an application number will be generated which needs to be used for further correspondence with the MCA.

5. The next step is to pay the registration fee, which can be done online through credit/debit card or net banking.

6. Once the registration fee is paid, the MCA will issue a Certificate of Incorporation within 7-10 days.

Post Date : 01/03/2023
Title : How to Start Section 8 Company and Requirements of Online Registration
Description :

 What is Section 8 Company?

Section 8 company is a specific type of business entity related to a Non Profit organization. It is registration done under the Companies Act 2013. It encourages improvement in the area of education, arts, commerce, science, sports, charity, environment protection, religion, social welfare and many more.

If the Section 8 Company does generate any profit, the members or shareholders or directors cannot take any profit. The profit amount must be utilized to promote charitable purposes only as it is a non-profit organization (NPO).


 

Steps of Section 8 Company Registration Online

Although Section 8 Company registration processes are quite simple, still some rules and regulations need to follow.

Name Application

To start any company, you need to apply for its name at first. To do that, you need to apply to the Registrar of Companies office or apply online. You can also use the online RUN (Reserve Unique Name) portal to find a suitable name for your section 8 company.

DSC Application

Apply for the Digital Signature Certificate (DSC) for all of the members of the Section 8 Company.

Apply for Incorporation

After the name of the Section 8 Company gets the approval, you need to fill the SPICe+ form within 20 days. Therefore you need to submit all necessary documents with the SPICe+ form and upload it.

Documents are Required for Company Registration

 These are the primary documents are needed for section 8 company registration Kolkata.

  • Name approval Document
  • Digital Signature Certificate for all the members.
  • Director Identification Number for all the Directors.
  • Articles of Association
  • Memorandum of Association
  • Members/Shareholders and Directors identity proof (Voter ID, PAN Card, Aadhar Card, Driving License, passport Copy).
  • Members/Shareholders and Directors residence proof (Gas Connection Bill, Telephone or mobile bill, Electricity Bill, Bank statement).
  • Company office address proof (NOC from the land owner required if it is on rented land)

When you submit these documents, your Section 8 company registration process kolkata is underway.

  • After getting all the process done, you need to wait for 7-15 days for the approval. After your section 8 company is approved, get the Incorporation certificate at first.
  • Next, apply for PAN and TAN of your Section 8 Company. After getting these two important things done, you can now start doing your financial business as Section 8 Company.

Benefits of Section 8 Company

As a non-profit company, Section 8 Company enjoys various kinds of special benefits.

  • Easy rules of Incorporation

Incorporation rules of Section 8 Company are quite simple and easy.

  • Legal Status

Section 8 Companies get the legal status of separate legal entity. The existence of the company does not depend on its members or shareholders. It can exist forever even the members quit or abandon it.

  • No Capital requirement

Unlike other companies (private or public), Section 8 company does not require any minimum share capital.

  • No suffix usage

Section 8 companies do not need to use any suffix (e.g., private limited, public limited) at the end of its name. They are exempted under section 8 of the IT act from the adoption of any title of appendix at the end of the name.

  • Tax exemption

As Section 8 companies belong to the non-profit category, many tax related provisions do not apply to them. They can enjoy tax benefits under section 80G of the Companies Act 1961.

  • No Stamp Duty

At the time of registration, Section 8 companies do not have to pay the stamp duty unlike other types of company incorporation.

  • No RBI Approval is needed

Most of the organizations in India need approval from the Reserve Bank of India to conduct their businesses. But, Section 8 Companies do not have to comply with these kinds of rules and regulations.

 

Post Date : 10/14/2022
Title : What is You Know About The Nidhi Company and Incorporation Process
Description :

Nidhi finance companies are mutual benefit type of companies which is works for the benefit of its members. Functions of company are limited to only its members, wherein the companies are permitted to accept deposit and give loan to its members. Legal compliance and requirements of Nidhi company registration are far less when compared with the other NBFC’s, which are functioning under the strict regulations of RBI. 

Incorporation Nidhi Company Fees
 
A Non-Banking Financial Company (NBFC), as the name suggests is a Company (registered under the Companies Act) which is engaged in financial services as per business purpose. A Nidhi financial bankbeing financial institutions have functions and features similar to that of traditional Banks.

Requirement of Nidhi Company Registration Services

Nidhi finance company will always be public limited company and its name should end with ‘Nidhi Limited”, currently Nidhi Company is becoming very popular for lending business.

·         At least 3 directors & 7 members are required

·         It can only accept deposits from its members

·         Directors Identification Number (DIN)

·         Not less than 200 members

·         The ratio of company net owned fund to deposits of not more than 1:20

·         Net owned funds of Rs 10 lakhs or more

Documents Required for Nidhi Company Registration

There would be no legal hassles or no complications with documentation at time of company formation. Everything would be done by our side and primary documents required for nidhi company registration which are following.

  • Pan Card
  • ID Proof
  • Bank Statement
  • Passport Size Photo
  • Registered Office Proof.

Advantages to Starting a Nidhi Company

  • Ease formation process of nidhi limited company for startup business.
     
  • The MCA has done away with the minimum Paid up capital need for Nidhis.
     
  • The loans given to the members are very lower rate of interest than the market rate
     
  • The outside members of company is not allowed to intervene in the working of the Nidhis
     
  • The Nidhi company, provides micro banking services to the rural and remote public area of India
     
  • It is fulfilling the necessities of lower and Middle-income groups
Post Date : 08/18/2022
Title : Why Income Tax Audit is Important for Business and Individual
Description :

What is Income Tax Audit

Tax Audit Services is a fundamental term for business in India. A tax audit is a process to check whether a business obeys the rules set by the Income Tax Act of India. Thus Tax Audit services are considered to be vital for every business. In this article, the point of discussion will be on Tax Audit Services Online in India.


What is section 44AAB of income tax Act?

The first thing that we need to know regarding tax audits is what is a tax audit? Inspection of the accounts of a company by a professional chartered accountant is known as Tax Audit. Section 44AB of Income Tax Act, mentions the regulations for the Tax audit of a company or a firm. This section was added in order to make sure that a business is conducted by providing precise information about his taxes, deductions and income.

Tax Audit Applicability

Tax audit applicability depends on two cases,

For professions

  • If the gross income is more than Rs 50 lakhs in a financial year.
  • The profession is applicable for presumptive taxation. Moreover, the claimed profit was lower than that of the stipulated limitation and income exceeds the maximum amount up to nonchargeable income tax. 

For business

  • If the gross income or turnover is more than 1 crore.
  • If the business is suitable for assumptive taxation (section 44BB, 44AE, 44BBB) and the business also claims that gains are lower than that of the stipulated limit.
  • The business is eligible for presumptive taxation according to Section 44AD of the Income Tax Act.
  • It is declared that the taxable earning has been below the limitations that are specified by the assumptive taxation and the income exceeds the threshold limit.
  • The gross receipts of the business exceed 2 crores in a financial year.

Tax Audit limit

The Tax Audit Applicability under Section 44AB of the Income Tax Act. therefore as per Section 44AB, a tax audit is needed for the following,

1.    Profession

When it comes to profession, a tax audit is mandatory if the gross receipt in the occupation exceeds Rs. 50 lakhs in a financial year. Below mentioned are the occupations that fall under Rule 6F of the Income Tax Rules, 1962.

  • Architect
  • Accountant
  • Engineer
  • Film industry- cameraman, editor, director, actor, music director, etc.
  • Legal professional
  • Interior decorator
  • Legal professional (lawyer, advocate)
  • Technical consultant
  • The medical profession (paramedical staff, Doctor, physiotherapist, or nursing)

2.    Business

In the case of business, a tax audit is needed if the total sales, turnover, or gross receipts surpluses are over Rs. 1 Crore in the FY. Moreover, if the cash transactions are up to 5% of the net gross payment and receipts. The threshold limit of turnover for a Tax audit is raised to Rs 10 crores. (w.e.f. FY 2020-21)

Income Tax audit report

An individual who performs the income Tax Audit report needs to serve the results through a specified ‘Audit Form’ that is suggested by the Income Tax Department of India. Moreover, Section 44AB defines forms 3CA and 3CB. Along with the two forms the Tax Auditor needs to provide the Form 3CD.

The Tax Audit report has been provided in either of these two forms,

  • Form 3CA (company)

A taxpayer who conducts a business or is in a profession and who is already demanded to get his accounts audited under the income tax law. Particulars of Form 3CA  

  • Form 3CB(firms, individuals)

A taxpayer who is carrying a business but does not requires his accounts to be audited under any law.

  • Form 3CD(accounting details/ financial statements)

A detailed statement of particulars is included in Form 3CD. Every detail that is communed to the aspects of the business and transactions are needed to be filled at the required places.

Tax Audit is an important task that is required to be performed by every other individual who falls under Section 44AB of Income Tax Act. When choosing tax audit consulting firms make sure that there is no room for errors. When it comes to tax audit services, we are placed on the list of the best Tax audit accounting firms all over India. Efficient professionals with years of experience are ready to handle the Tax audit tasks for you. For a well-structured Tax Audit report.

 

Post Date : 07/06/2022
Title : Your Smart Steps on The Private Limited Company Registration
Description :

Before a corporation can begin its day-to-day operations, it must be formed. If you want to get off to a good start in the market, you must adhere to all applicable laws and regulations. In order to avoid legal issues, entrepreneurs want to set up their own firms, get them up and running quickly, and ensure that they are properly registered. Private limited companies must be formed using the correct procedures. For Private limited company registration kolkata it is a very important part.

When it comes to incorporating a new private limited company in the United Kingdom, you can trust One Click Business Solutions Private Limited. We provide solid solutions in the quickest period feasible at a fair cost. For the avoidance of any unintended legal ramifications, all of our employees have undergone thorough training and development in the proper processing of private limited company registration paperwork. With low Private limited company registration fees MPthe processes become very essential.

 

One Click Business Solutions Pvt Ltd, which has offices in several locations around the nation, has a staff of private limited company registration experts on hand. They are committed to giving the best possible service to our clients and are especially interested in helping emerging entrepreneurs who want to start their own business.. For the best possible treatment, our doctors are able to detect the patient's pain and desires. On the internet, the process of setting up a private limited business takes just a few minutes and only requires a few clicks. For Private limited company registration process this is very important.

There are many prerequisites for setting up a private limited company in India. The most important is the production of PAN cards for all directors and the verification of their physical addresses via bank accounts. So, what are you looking for? Creating your private limited business with us is now the right time.

In order to form a private limited company, what is the procedure?

To register a private limited corporation online, all you need are the right paperwork and a few minutes of your time. For new enterprises, our professional services can help with the Pvt Ltd Company Registration in Kolkata-MP-Delhi, which takes 10 to 15 days to complete. Our incorporation experts are available to assist you with incorporating your firm from anywhere in India in the quickest time possible. Therefore, the processes for registering a company are as follows. For that you would need to know the Private limited company registration requirements.

Steps to registering a private limited company and applying for a DSC: A digital signature application must be submitted by the potential directors and shareholders. One of the most common uses of digital signatures is for filing reasons. In Japan, the Ministry of Corporate Affairs issues a number known as a DIN, which stands for Directors Identification Number. If the directors already have DSC, this step may be avoided. For the Documents required for private limited company registration it is essential.

Format For Name Acceptance

For your company name, the Ministry of Corporate Affairs will give you with two unique options. There should be a lot of creativity in the names that are presented.

Documentation

After getting the digital signature and name approval, our staff will prepare all of the directors' and shareholders' declarations sheets, as well as the articles of incorporation, memorandum of incorporation, and subscription sheet.

You Do Not Need To Submit Company Registration Form Without First Applying For A Tan, Pan, And Bank Account

The PAN and TAN are immediately applied when you submit the business registration form, thus there is no need to do so separately. Within seven business days, TAN and PAN may be yours! The incorporation certificate, AOA, MOA, and PAN may then be submitted to a financial institution for processing to create a bank account.
Post Date : 05/07/2022
Title : How To Register Nidhi Company Online & Documents Required in Kolkata-Nadia-Midnapore-Barasat-Habra
Description :

In the Indian NBFC (Non Banking Financial Company) sector, Mutual Benefit Company is a distinct name. One Click Business Solutions has qualified and strongly motivated man power strength. We always keep ourselves updated to all technical updates, development and changes while dealing with any field. Our professionals offer the best services in cost-effective Nidhi company registration fees in Nadia. If you want to start your Nidhi company in low cost, contact us as soon as possible.

Nidhi Company registration process is quite simple, many prefer it to venture into the financial business sector. Although there are some rules and regulations must be followed if people are intended to run the same legibly and get best Nidhi company registration consultant.

Requirements of Nidhi Company Registration

Before applying for Nidhi Company Registration, You need to make sure that the below mentioned Documents required for Nidhi company registration in Kolkata:-

  • Obtain DIN (Director Identification Number) and DSC (Digital Signature Certificate)
  • Approval of Name as per RUN, supported by the MCA (Ministry of Corporate Affairs)
  • Articles of Association and Memorandum
  • PAN and TAN require
  • Incorporation Form SPICe+, must be completed.
  • Require ID proof and Address proof of Directors and Members.
  • Passport size photographs of Directors and Members
  • Property Documents – Ownership documents/Rent agreement, Utility Bill and NOC

Procedure of Nidhi Company Registration

Although registration procedure of a nidhi company is easy yet, support from a professional is recommended for filing difficult forms within proper deadline. It may seem difficult to understand government portals and terms therein too. Let us know the steps of Nidhi company incorporations process Midnapore.

  • Application of Dsc
  • Approval of Name
  • Documentation
  • Submission of Aoa And Moa
  • Obtain Incorporation Certificate
  • Apply For Tan, Pan And Bank Account

These are just the primary services that we have listed in here. And you need not to worry if you are applying through us. From start to end, we assist people to complete with their company registration process in West Bengal.

Post Date : 03/15/2022
Title : Find Best Online GST Registration Services and Free Consultant
Description :

 One of the best Taxes related reformations is the introduction of the GST in India. GST stands for Goods and Services Tax which is completely new in the Indian Industry. Formerly there were multiple tax regimes like sales tax, service tax, excise duty and so on. But now here is only one king that rules – the GST. 

  

We deal with GST Registration at low fees with highly experienced consultant, annual compliance and other services. Let us have a step-by-step guide to explain GST Registration Process in Kolkata online solutions.

The Purpose of GST

GST is introduced to eliminate many types of issues that were the results of the previous tax regimes in India. Indian Government has introduced it with the purpose to eliminate those problems and make the tax regime more effective and simpler. Get quick service of GST registration free consultancy for individual or business work.

Know The Procedure of GST Registration

Step 1 – Provide One Click Business Solutions with the required details and information about the business

Step 2 – Select a package and make online payment with different available modes for payment

Step 3 – On placing an order, an application will be allocated to our experienced professionals

Step 4 – We have experts to examine accuracy of the documents carefully and file application form of GST

Step 5 – We have qualified experts to make regular follow up with government department to process GST application online

Step 6 – On getting GSTIN, GST certificate will be provided by us.

Types of GST

We have 3 types of GST in India.

CGST – Goods and Service Tax collected by the Central Government,

SGST - Goods and Service Tax collected by the State Governments, for intra-state transactions,

IGST - Goods and Service Tax collected by the State Governments, for inter-state transactions.

When GST registration becomes mandatory, there are a lot of cases comes under GST. Now let us go through a few cases where GST registration is compulsory for every individual or business.

Post Date : 12/23/2021
Title : Startup Business With Nidhi Company Registration Online Process at Low Cost in India
Description :

Nidhi Company falls in Indian NBFC (Non Banking Financial Company) sector in India. It mainly conducts into money lending and borrowing business, but there is a catch. In this type of organization, only members of the company can make deposits or invest and take loans. One Click Business Solutions help growing entrepreneurs to process their nidhi company registration documents accurately and perform the registration process in fastest and hassle-free ways.

The people who never try because they feel that there are complications and too many formalities. It was a matter of the past, now it’s very easy to Incorporate nidhi company in India. Start a banking or NBFC company, there are huge formalities. Also, need certification from the Reserve Bank of India (RBI) in this regard. Establishing a new business feels like a distant dream for many. Some of them never try to do it, some never even try. 

Nidhi Company promotes the idea of savings among its members. It is very simple, yet unique concept. It’s a kind of mutual benefit company or mutual benefit fund that ultimately works for the benefit of its members only. Get festival special offer of nidhi company registration at lowest price in Maharashtra, Uttar Pradesh, West Bengal, Delhi, Rajasthan, Bihar, Madhya Pradesh and all over India.

There are some pre incorporation of nidhi company measurements needs to be taken if you wish to go forward with it.

Pre Incorporation of Nidhi Company Measurements

  • As a public limited company, Nidhi Company needs minimum 3 directors and 7 members.
     
  • There is a minimum capital requirement of ₹5 lakh.
     
  • The equity share must not surpass Rs. 10/-
     
  • The main purpose of the company must be to promote money saving activity among the members.
     
  • Cannot issue preferential share.
     
  • The Company name must be concluded with “Nidhi Limited” word.

Quick Nidhi Company Registration Process 

Registration of Nidhi Company and conduct the business is very easy. Now you can find here one of the best CA Consultant of nidhi company registration firm 100% safe online process of nidhi company registration at lowest price. We provide fast process step by step and No physical presence required.

  • Get Digital Signature Certificate for the proposed Members and Directors.
  • Collect Director Identification Number for the planned director.
  • Apply for an appropriate name for the Nidhi Company to the Registrar of Companies (ROC) along with respective documents. The RUN (Reserve Unique Name) portal of ROC can be utilized for this purpose which is available online.
  • Prepare a draft of company Memorandum of Association and Articles of Association and finalize the same. These are needed to be submitted to the ROC at the time of incorporation application.

  Documents Required for Nidhi Company Registration which are following.

  • Pan Card of Directors and Shareholders
     
  • ID Proof Directors & Shareholders
     
  • Bank Statement
     
  • Passport Size Photo
     
  • Registered Office Proof

Post Incorporation Rules

  • After the incorporation is done, you need PAN (Permanent Account Number) and TAN (Tax Account Number) for your Nidhi Limited.
  • Need to open Current account in the name of the company to conduct businesses, smoothly.
  • Within one year of the incorporation, it needs minimum 200 members to carry on with it.
  • Form NDH-1, NDH-2, NDH-3, Annual Return, Profit and Loss statements, Income tax return, declaration of ratio between net owned fund and deposit (1:20) are required when applicable.


Post Date : 10/08/2021
Title : Nidhi Company Registration Online Process and Documents in West Bengal
Description :

A Nidhi Company is a part of Non-Banking Financial Company (NBFC) in financial business sector and it included with the purpose of taking deposits and offering loans to its members. The primary functions of nidhi companies includes borrowing and lending money amongst their members. The Nidhi company registration procedure is accomplished online through the best CA/CS Consultant. It using scanned copies of all the necessary incorporation documents for the registration of company. Here use state- of-the-art technology and our experts are well-experienced with Tally, MS Office, SAP and other hi-end applications. You may contact us to get reliable and highly-experienced nidhi company registration consultants in West Bengal.


If you wishes to start a nidhi company in India, they should start with the formation of Nidhi Company. Since Nidhi Company registration procedure requires less documentation and affordable fees, this is the best that we can recommend. This is why Nidhi Company also noted as ‘Mutual benefit Company’, ‘Mutual benefit Fund’, ‘Benefit Fund’ and ‘Permanent Fund.’

Quick Nidhi Company Registration Process Online 


Before applying for Nidhi Company Registration it should be need to make sure that the below mentioned requirements are fulfilled for the company registration process:-

  • Obtain DIN and DSC, At least 3 directors and 7 members are needed
  • Approval of Name as per RUN (Reserve Unique Name)
  • Articles of Association and Memorandum
  • PAN and TAN require
  • Incorporation Form SPICe+, must be completed.
  • Need a ID proof and Address proof of Directors and Members.
  • Passport size photographs of Directors and Members
  • Property Documents – Ownership documents/Rent agreement, Utility Bill and NOC

 

 Documents Required for Nidhi Company Registration

Nidhi Company registration process is extremely simple and easy, many prefer it to venture into the financial business sector. Although there are some rules and regulations must be followed if people are intended to run the same legibly. Here mainly documents are needed for company registration.....

Post Date : 05/20/2021
Title : Successful Incorporation of Nidhi Company & Free Consultant in Uttar Pradesh
Description :

In recent years, Nidhi Company registration has been increased. Many people who wanted to invest their money in a secured platform, and earn the benefits are joining this type of organization here. But why people are having so much interest in Nidhi Company? Let’s find out.



About Nidhi Company

Nidhi Company is mainly a type of Mutual Benefit Company. The main objective of the organization is to assemble the propensity for saving among its members or shareholders. One thing is clear that this type of organization work for the members and by the members only. Members can deposit money in the company, and the money is utilized to loan the other members.

Nidhi is like a large group of individual people where the company takes money from one member and gives the same as a credit to other members. This way the money gets circulated. The structure of the Company is quite different from other types of companies; this makes it easy to Register Nidhi Company in Uttar Pradesh. But how easy it is? We will be explaining it here.

Requirements of Nidhi Company

There are some simple requirements that people need to accomplish in order to Incorporate Nidhi Company in Rajasthan. Let’s have a look at those preconditions.

  • It requires at least 7 people as members/shareholders and 3 people as the Director of the proposed Nidhi Company.
  • It is very important to mention that Nidhi is a “Public Limited Company” by default. Hence, at the end of the company name, the term “Nidhi Limited” must be mentioned.
  • 5 Lakhs paid-up share capital is a must in applying for the registration.

Process of Nidhi Company Registration

As a leading Nidhi Company registration consultant in UP, we follow the below-mentioned 5 simple steps to get it done.

1.           Select for an Appropriate Name

At first, people need to select a proper name for the proposed Nidhi Company. The easiest process to accomplish it is to go with the online process in the Ministry of Corporate Affairs portal. The RUN (Reserve Unique Name) portal is there to complete the whole process. People can select 2 unique names and apply. If everything is ok, then the name would be approved within 48 hours.

2.            Apply for Digital Signature Certificate

Now, it’s time to apply for the Digital Signature Certificate (DSC) for all applicable members. For this purpose, the members need to come up with Aadhar & PAN card, mobile number, and Email ID and submit to the authority.

3.            Application for Directors Identification Number

Also, the proposed directors of the Nidhi Company need to have Director Identification Number (DIN). It is a unique identification number assigned to the people who wish to be the director of the proposed Nidhi Company in Rajasthan.

4.            Draft MOA and AOA

In this step, people have to prepare a draft of the Nidhi Company’s Memorandum of Association (MOA) as well as Articles of Association (AOA). After finalizing these two important documents, these documents have to be submitted to the Registrar of Companies for incorporation.

5.            Final Application for Incorporation

This is the final step for the incorporation of the new Nidhi Company. An incorporation form needs to be filled and submitted by the company members along with the above-mentioned documents and several other documents to the registrar authority. It’ll take 10-15 days to get the final incorporation certificate.

Hire Services from the Expert

Well, this was the simple way to register a Nidhi Company. If anyone wishes to hire an expert to get the job done on their behalf, our professionals are there to assist in all the way. Nidhi Company registration fees in Uttar Pradesh is much more lowest to any other state in India.

Post Incorporation requirement of Nidhi Company

After the incorporation is done, people need to fill in some other requirements that are mentioned below.

  • Get PAN and TAN for the newly incorporated Nidhi Company.
  • Open a current account in the name of the Company.
  • Make at least 200 members for the Nidhi Company to run its operations within one year of registration.
  • The net owned fund needs to increase to Rs. 10, 00,000 (Ten Lakhs) or more.
  • The ratio between the net owned fund and deposits must not exceed 1:20.

Well, these are the procedures that people can utilize in order to make a Nidhi Company and run the operations. If anyone wishes to know “How to operate Nidhi Company?” then they can contact One Click Business Solutions and get all the assistance from our experts.

Post Date : 04/09/2021

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   2022-11-11       15        Law
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