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Nidhi is a hindi word which means Finance or Fund. Nidhi is a bank where only its members can deposit money or take loan. Nidhi Companies are registered as Public Limited Companies, therefore it has all features of Public Limited Company, such as limited liability of its members.
It should have object to promote the saving habits among its members for their mutual benefits. And its minimum capital for equity shareholders will be of Rs. 5 Lacs. and the minimum members which are fixed in nidhi Company should not be less than 200 members. And its object should be to promote the habit of savings among its members in its MOA.
So if someone wants to start their business in Financing Industry then Nidhi Company is a best option to start your plan.
Nidhi Company Registration In India?
Registration Process
Brief description of how to get your Nidhi company registered
FAQ
Common List Of Questioner That Our Customer Ask From Us -Solved !
What Are Document Required For Nidhi Company Registration In India?
Following are the Documents which are required for its company incorporation for each Director/Shareholder:-
-Self Attested PAN Card Copy
-Four Photographs
-Self attested Copy of Identity Proof (Driving License, Passport, Voter ID, Aadhar Card)
-Self Attested Copy of Address Proof (Bank Passbook, Bank statement, telephone/Landline bill, Mobile bill and electricity bill).
-Company Address Proof Electricity Bill, Telephone bill, Mobile Bill and Gas bill, and Rent agreement (If Rented), and NOC for doing business for taking Registration.
-Self Attested PAN Card Copy
-Four Photographs
-Self attested Copy of Identity Proof (Driving License, Passport, Voter ID, Aadhar Card)
-Self Attested Copy of Address Proof (Bank Passbook, Bank statement, telephone/Landline bill, Mobile bill and electricity bill).
-Company Address Proof Electricity Bill, Telephone bill, Mobile Bill and Gas bill, and Rent agreement (If Rented), and NOC for doing business for taking Registration.
Can Body Corporate or Trust become member of Nidhi Company?
No, Trust or Body Corporate cannot be admitted as member of Nidhi Company.
Can Nidhi Company issue preference Share?
No Nidhi Company cannot issue preference Share.
Can Minor become a member in a Nidhi Company?
No a Minor shall not become a member in a Nidhi Company but deposits can be made in the name of a minor in Nidhi Company.
What is Net Owned Fund?
It means he aggregate of paid up equity share capital and free reserves as reduced by accumulated losses and intangible assets appearing in the last audited balance sheet.
Proceeds from issue of preference share shall not be included in Net Owned Funds.
