Nidhi company is registered under the Companies Act, 2013 and is regulated by the central government. A type of non-banking finance firm and have permission to lend and borrow money within its members only.
The process of registration and all the financial matters of a Nidhi company is regulated by the Ministry of Corporate Affairs(MCA). Nidhi companies are permitted deposits which are more than 6 months and lesser than 5 years old.
A Nidhi Company must have 200 members within the year of formation. And on failing, it has to apply for permission of extension of time limit of acquiring the said member count.
The equity share capital should be of Rs. 5 lakh on inception. And 10% of the deposit collected from members should be kept as fixed deposit in a nationalized bank.
With our team of experienced business counselors, you are just a phone call away to have all your queries answered and assist to process your venture.
Venture Support can register a Nidhi Company in 20 to 30 days, subjected to processing time for ROC.
This is needed for the proposed Directors of the Nidhi Company. You can get DIN and DSC within 5 to 7 days.
Name approval takes about 3 to 5 working days.
After the name gets approved, registration documents and application for registration are submitted to the MCA. MCA usually takes a time of 5 to 7 days which is subjected to their processing time.
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