Upload
vermapriya1220
View
5
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Nidhi Company is a type of Non-Banking Financial Institution (popularly known as NBFC) which facilitates the easy fund availability for its members. Nidhi Company is allowed to take deposits from its members and it can lend money to its members only. Also, Nidhi Company is not required to take any license from RBI to conduct its business. Thus, its the perfect way to start your lending business in India. We have a pool of more than 50 legal consultants who can help you with your Nidhi company registration online. To contact us visit our website www.lawgicalindia.com, Call us 7668477033
Citation preview
ALL ABOUT
NIDHICOMPANY
A non-banking finance firm which isgoverned by the central government iscalled a Nidhi Company. The basicfunction of a Nidhi Company is tofacilitate easy lending of moneybetween the various core members ofthe concerned company. The conceptof a Nidhi Company was introduced bySection 406 in the Companies Act of2013. The funds are either borrowedfrom a party or provided to other partyon the basis of mutual benefit of bothsides.
What is Nidhi Company?
Basic Requirements for Nidhi Company Registration
A Minimum of 7 shareholders or members are required.A Minimum of 3 Directors are required.Minimum capital Requirement to start a Nidhi Companyis Rs 5 Lakhs.DIN (Director Identification Number) for DirectorNo Preference Shares will be issued.
Advantages of a Nidhi Company Registration
No External Involvement in the Company’s Management.Easy to lend money to or raise capital or borrowings from groupmembers.Easy to manage.Low capital requirement.Relaxation in the number of compliances.Cost-efficient registrationMany privileges and exemptions are provided under the provisionsof the Companies Act, 2013.The Minimal involvement of RBI.
Characteristics of aNidhi Company
Promotes small savings among middle and lower middle class.
Accepts term deposits for timely returns.
Easy source of loan to members against collateral.
Effective means of savings and loans with minimum
documentation.
Secured means of investment due to rigid membership
structure.
Documents Checklist for Nidhi Company Incorporation
For Directors and Shareholders For Registered Office
PAN Card details of the MembersPhotographs of the Directors and MembersDigital Signature CertificateAadhar Card or Voter ID of the MembersAddress Proof of the DirectorsDIN (Director Identification Number) of theDirectors
Rent Agreement or the Lease Deed orthe Sale Deed of the place being usedas Registered Office, or,Address Proof of the Registered OfficeNo-Objection Certificate (NOC) signedby the actual owner of the Propert
is a fast growingsuccessful online business serviceprovider designed to helpEntrepreneurs and BusinessOwners easily start and manage abusiness in India. We provide fastand end-to-end businessincorporation and associatedservice.
+91 7668477033
Your problem is our concern..
www.lawgicalindia.com