Web infotech can register a Nidhi Company in 20 to 30 days, subject to ROC processing time.
Digital Signature Certificate (DSC) and Director Identification Number (DIN) are essential for the proposed Directors of the Nidhi Company. DIN and DSC can be acquired for the proposed Directors within 5 to 7 days.
When DIN and DSC are accessible for at least three Directors, application for reservation of name for Nidhi company can be made to MCA. Name approval can be obtained in 3 to 5 working days.
When the name approval is acquired, registration papers can be submitted to the MCA along with an application for registration. MCA will generally approve the application for incorporation in 5 to 7 days, subject to their official procedure time.
What is a Nidhi Company?
"Nidhi" means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefits.
How many Directors are required in Nidhi Company?
A minimum of three directors are required to establish a Nidhi Company and the maximum amount cannot exceed beyond fifteen.
Is company formation is different from company registration?
No,both are same things where Company formation is the process of of a business.,which is sometimes referred to as company registration.
How can I Register a Pvt ltd company?
Registering your company as a private limited company steps are
> First (DSC)* that is Digital Signature Certificate must be obtained & then DIN*
> After that Name Availability & Form SPICE INC-32 MOA and AOA
> The Last one is to PAN and TAN Application
What is process for company formation in India Online?
There following 4 steps only which has to follow for company formation
> Procure Digital Signature Certificate
> Obtain Director Identification Number
> Reservation of Name
> Certificate of Incorporation
Start your Business Now!
What are the advantages for Incorporation of Private Limited Company in India?
Limited risk to personal assets: The shareholders of a private limited company have limited liability.
Legal Entity : This means that the Company is responsible for the management of its assets and liabilities, debtors and creditors.
Raising Capital: Even though registering a PLC comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity, expand and at the same time limits the liability.
How much money do I need to Start a Nidhi Company?
The minimum authorized capital to start should be Rs. 500000(US $7549 approx) and it can be increased to any amount(no upper limit). This money is deposited in your company bank account at your disposal.
When do I get the status "Nidhi" approved?
Once a Company is incorporated, within a period of one year from the commencement, the Nidhi Company must meet all of the following criteria:
Not have less than two hundred members (Shareholders)
Have Net Owned Funds (NOF) of ten lakh rupees or more
Have unencumbered term deposits of not less than ten per cent of the outstanding deposits
Have a ratio of Net Owned Funds to deposits of not more than 1:20
How long does it take to register a company?
It usually takes 35-45 working days to register a Nidhi Company.
Your company is in Delhi / NCR, I am in a different state. Can I still register a company?
Yes, the company incorporation process is online. You can email / upload us the required documents.
Can another Company be a shareholder in Nidhi Limited Company?
Yes, the company incorporation process is online. You can email / upload us the required documents.
What are the documents required to open a Nidhi Company?
The documents requirements are as follows:
Pan Card
ID proof- Any one (Voter ID / Aadhar Card / Driving License / Passport)
Address Proof- Any one (Electricity Bill / Telephone Bill / Mobile Bill / Bank Statement)
Can a Salaried person become the director in Nidhi company?
Yes, a salaried person become a director, there are no legal bondages in this but you may have to go through with your employement agreement if it contains any restrictions on doing so.
How long is the company valid for?
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.
Is an office required to open a company?
No, You can open a company to your residential address there is no requirement to have a commercial place to open up a company
For Registered Office Address
Rent agreement along with latest rent receipt (in case the premises are rented)
House tax receipts (in case premises are owned)
Electricity bill
NOC from the Owner (Format will be shared once your company name approved)
Can I open an Asset finance company by opening a Nidhi Limited?
No, as per the restriction mentioned in the Nidhi rules no nidhi company can do the business of asset financing.
What is the registration fees for nidhi company?
Nidhi company that has to be incorporated under this Act shall be a Public ... All about Registration of Charge under Companies Act, 2013.
What are nidhi company rules for company formation?
The nidhi companies in India are formed, governed, and regulated by the Section 406 of the new Indian Companies Act of 2013, the Companies (Nidhi Companies) Rules of 2014, and the Chapter XXVI of the Companies Rules, 2014.
How do I choose name for Nidhi Company?
First ensure the name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if the name is not a
registered trademark taken by anybody under the IP act. Also, make sure the name is not too generic to be accepted by the ROC land also,
try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if
the objective is I then word is Technology, technosoft, IT consultancy.
Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives.
While choosing the name make sure that name should contain the objective of the business like if the objective is I
then word is Technology, Technosoft, IT consultancy.
Contact Email : webinfotechindia@gmail.com
