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We help to form the following

Nidhi Company

Private Limited company

Nidhi Company

Nidhi Company
Nidhi Company

Public Limited Company
Nidhi Company

One Person company

Nidhi Company

Limited Liability Partnership

Nidhi Company

Partnership Firm
Nidhi Company

Proprietorship
Nidhi Company

Trust And Society

Nidhi Company is a type of Non-Banking monetary Company (NBFC) that doesn’t need any license of RBI (Reserve Bank of India). Nidhi Company works through its members. It will settle for deposits and lends loans to its members solely.

Nidhi is that the safest and therefore the most cost-effective approach of raising funds from the local public (just by registering them as members).

The alternatives of Nidhi (like Non-Banking Financial company (NBFC’s) can require a capital of a minimum of 2 crores) are terribly expensive. Through, extremely business friendly, Nidhi is, however, to be common between the business communities.

Private Limited Company

Nidhi Company

Basics of Nidhi Company

Before we discuss the registration methods of Nidhi company, you must perceive the fundamental of Nidhi Company:

  1. Nidhi Company is additionally referred to as a Mutual profit company. It promotes the art of saving and utilization of funds among its community members.
  2. Anybody can register a Nidhi Company; there’s no background check, nor there did any bring down qualification for being owners.
  1. Nidhi Company cannot attain somebody apart from its members. You’ll have to be compelled to perceive the method of creating an exceedingly Nidhi company.
  1. The minimum capital demand for Nidhi Company is 5 lacs with a minimum of seven members required to include an organization.

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About Nidhi Company

Incorporation of Nidhi Company

Incorporation of Nidhi Company restricted is analogous to the incorporation of Public Ltd. company. But, it needs certain different declarations.

Restrictions on Nidhi Company

Though it’s an NBFC, however, it works under some strict guidelines for its operation. There are several compliances that must be complied at registration to avoid any penalty or being in default.

Maximum Interest On Loans

This is one in all the foremost vital side of the Nidhi Company operating. As a result of Nidhi can earn solely through loans, therefore most Nidhi companies earn at 75% interest rate offered on Deposits.

There are several different factors associated with Nidhi Company, that we cannot describe here completely. In case of any doubt, you can contact our professionals with this regard.

Nidhi Company Registration Document Requirement

  • Pan Card of all the Directors
  • Photograph in passport size of all directors
  • Voter identity/ Aadhaar Card card's Copy of all the directors
  • Rent agreement's Copy (If property is rented)
    Property paper's copy(If property is owned )
  • Bill of Electricity/ Water (Place of business)
  • NOC by Landlord (Format will be provided)

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Easily Register a Nidhi Company with AZR consulting

Nidhi company is the Very beneficial corporate entity among various kind of businesses in India because of many  advantages. AZR consulting make your Nidhi company registration really easy and fast within one week

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    FAQ

     No, it is not necessary for a private limited company to have any previous turnover. Private Limited actually means a company starting from nothing. Also, it is not necessary to have any turnover or sales even after the incorporation.

    The most essential documents which are needed to register a company is PAN Card, one address proof and Photographs of all the directors.

    The total investment done by the shareholder to the company is called the Capital.

    No, it is not necessary to be done by the owner. AZR provides the complete facility of online Incorporation process where the visits are done by the AZR consultants each time at ROC.

    The company name is the most essential part of the registration to generate a unique name given to the company. Particulars of Company name are

    ROCs are the government offices where companies get registered. There is only one office for each state except Maharashtra and Tamil Nadu which have two offices.

    Yes, just like office address the company name can also be changed after the registration. AZR also offers this less tiring facility to you.

    No, it is not necessary to have commercial office space. Instead, you can register your own home address and rented home address as the registered office address. You can change the registered office address later after the positioning to your own office space.

    • Keyword = name of the business
    • Activity Word= type of business
    •  Business Type word= Types of incorporation such as PVT. Ltd. Or LLP

    No, the bank account is needed to be open after the registration of the company at any time within two months of incorporation and then the capital is to be deposited in the bank.

    No, there is no possible automatic applicability. The Provident Fund (PF), Service Tax or VAT laws are equally applicable to all sort of business whether it is sole proprietorship or partnership firm. After crossing a certain threshold limit, these laws are applicable.

    No, there isn’t any criteria for renewing the company registration every year. This process happens only at once during the life-time of the Company.

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