Nidhi Company registration online | Form Nidhi company NBFC

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A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that is formed to borrow and lend money only to its members. Such companies accept deposits as well as lend loans only to its members for their mutual benefit.A Nidhi company is registered under Section 406 of Companies Act, 2013. It is governed by Nidhi Rules, 2014.Register your company withEnterslice and get an approval to function as a Nidhi Company within a few days. Receive your license within a few days.

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Nidhi Company A Registration Guide ENTERSLICE FINTECH , INC. PRESENTS Enterslice Fintech, INC 2020

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What is Nidhi Company "A Nidhi company, al so known as Nidhi Bank aims to cultivate the habit of savings and thrift amongst its members.Its main area of operation is borrowing and lending of funds.As per the rules,it can only make transactions with its registered members and within the permitted district of work." Enterslice Fintech, INC 2020

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The Companies Act 2013 Th e Nidhi Company is registered with the Ministry of Corporate Affairs and regulated by the Companies Act 2013. The registration process is comparatively easy in comparison to registration processes of other NBFCs. Entersl ice Fintech, INC 2020

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How to Register PROCESS FOR NIDHI COMPANY REGISTRATION M inimum 7 Members and 3 Directors required. Directors and Members ca n be the same. KYC OF ALL THE DIRECTORS AND SHAREHOLDERS Digital signature (DSC) is a basic requirement to initiate the Nidhi Company Registration procedure as all the forms ar e submitted should be self-attested DIGITAL SIGNATURE The Proposed name of the Name of Nidhi company must be unique and it should not be similar. The name c an be reserved through Reserve Unique Name (RUN) facility NAME APPROVAL FINAL INCORPORATION Onc e the name is approved the Nidhi Company Registration application is submitted in SPICe Form along with Nidhi company’s Articles of Association and Memorandum of Association. After proper inspection of the application, COI is issued. Entersl ice Fintech, INC 2020 PAN and TAN a pplications can be done along with Nidhi Company Registration as it is included i n the SPICe Form. PAN & TAN

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DOCUMENTS Ident ity proof of Directors and shareholders Copy of Dir ectors Pan card Pas sport size photographs of the directors C opy of rent agreement Proof of re gistered office NOC fr om the owner of the property Add ress proof of the directors and shareholders Aadhaar Card of Directors a nd shareholders Docum ents for Nidhi Company

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Know before Starting a Nidhi Company 8 K EY POINTS Regul ator Lowest F ees Intere st on Loan M inimum 200 Members L oan against Security Br anch No Appr oval from RBI No Microf inance Activity

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SHAREHOLDERS Minimum number of shareholders- 7 CAPITAL The minimum capital requirement is of Rs. 5 lakhs DIRECTORS Minimum number of Directors -3 DIN DIN for Directors S W O T Requireme nt before the Incorporation Period

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SHARE HOLDERS The minimum number of shareholders must be 200 at the end of the 1st year NET OWNED FUNDS The ratio for net owned funds to deposit should be more than 1:20 DEPOSIT Unencumbered deposits should be more than 10 % of outstanding deposits FUND LIMIT Net owned fund should be more than Rs. 10 lakhs Requireme nt...

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for N idhi Company Incorporation B ENEFITS It has a separate legal entity as from its promoters and shareholders. Nidhi Company can acquire property on its name and also incur debts. Sepa rate Legal Existence Th e liability of directors and managers is limited as per The Companies Act 2013. Limit ed liability Ex ecuting changes in Nidhi Company is more comfortable in comparison to other NBFCs. Ease of Management The Mi nistry of Corporate affairs regulates Nidhi Companies. Hence, it is considered more credible as compared to other similar institutions controlled by state governments. Credibility in market It has a perp etual existence; it is not affected by death or departure of any one or all of its shareholders. Perp etual Existence

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FOR N IDHI COMPANY 6 M ANDATORY COMPLIANCE Nidhi Company is requir ed to file annual returns by 30th September of the following financial year. Income tax Returns The financial statements and other related documents are required to be submitted in Form AOC-4. Profi t Loss and Balance sheet It is mandat ory for a Nidhi Company to file annual return with MCA through Form MGT-7. ROC Annu al Returns Along with th e above form a half yearly return is also required to be filed in Form NDH 3. NDH 3 Th e Company can request MCA for the extension in case Nidhi Company is not able to add 200 members in a year. NDH 2 The Nidhi Compa ny is required to submit the list of members within 90 days from the end of every financial year. NDH 1 01 0 2 0 3 0 6 0 5 0 4

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1 2 3 4 5 F ill The Form Get a Callback Submi t Document Track Progress G et Deliverables 5-Step Ordering Process HOW ENTERSLICE H ELPS YOU TO GET NIDHI COMPANY REGISTRATION?

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FACEBOOK h ttps://www.facebook.com/enterslice TWITTER http s://twitter.com/enterslice LINKEDIN h ttps://www.linkedin.com/company/enterslice

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