NIDHI COMPANY REGISTRATION ONLINE

NIDHI COMPANY REGISTRATION PROCESS


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Nidhi Company Registration Procedure

Though Nidhi Company Registration Procedure or Nidhi Company Registration Process is easy yet, support from a professional is suggested for filing difficult forms within proper deadline. It may seem difficult to understand government portals and terms therein also. Let us know the steps of Nidhi company incorporations.

KYC of all the Directors and Shareholders:
Minimum 3 directors and 7 members are wanted. Same individuals can be both members and directors. Without DIN numbers, maximum 3 members can be directors at the time of incorporation of the company.
Digital Signature
DSC (Digital Signature) is a fundamental need for initiating the Nidhi Company Registration Process with documents. All the forms are submitted must be self-attested. Required details :.
1)Email ID and Mobile number
2)PAN and Aadhaar
Approval of Name
The recommended names of Nidhi Company must be distinctive and should not match the names of already registered companies. The name can be reserved with Reserve Unique Name (RUN) form.

Documentation
Next digital signature and name approval, we will draft all the directors' and shareholders' declarations sheets for their approval, articles of association, memorandum of association and subscription sheet.

Final Incorporation (MoA and AoA)
After approval of name procedure nidhi company registration is completed, the application for Nidhi Company Registration forms,documents for nidhi company registration must be submitted through SPICe Form. The application should accompany Memorandum of Association (MoA) and Articles of Association (AoA) of Nidhi Company. Get information nidhi company registration fees and nidhi company registration process etc. from us. so just call us (9330160431) .

PAN and TAN
PAN and TAN applications will be done with Nidhi Company Registration in INDIA.

Some Points to remember before starting a Nidhi Company in India
a. Not below than 200 members
b. Net owned funds of Rs 10 lakhs or more
c. Unencumbered deposits of not below than 10% of the vital deposits as specified in Rule 14
d.The ratio of net owned fund to deposits of not more than 1:20
Advantages of Nidhi Company Registration Online
a. Nidhi Company is outside the glance of Reserve Bank of India. It does not necessary RBI's license for managing a loan business in India
b. The Ministry of Corporate Affairs has done away with the at least Paid up capital need of Rs. 5 Lakhs for Nidhis.
c. They just have to incorporate themselves as a public company with the MCA, infuse the required amount of capital as per Nidhi Rules, 2014 and they are all set to go
d.The small savings of the members donate to the funds of and avail credit from Nidhi companies.
e. The loans given to the members are at a lower rate of interest than the market rate
f.The outsider is not allowed to intervene in the working of the Nidhis

Compulsory compliances for Nidhi Company
Business Commencement - It is a Announcement to be given by the directors within 180 days of incorporation of company declaring that the subscribers to the Memorandum of the company has paid the price of shares so accepted by them, with a verification of registered office address of the company. This declaration needs to be filed with proof of subscription money obtained by the company in form 20A with the Registrar of Companies .

Auditor Appointment - - Consultation with of First Auditor - As per section 139(6) the first auditor of the company other than a government company shall be appointed by the Board within 30 days of Incorporation. In the case of Board's failure, an EGM (Extraordinary General Meeting) shall be done within 90 days to appoint the first auditor.

NDH 1
Nidhi needs filing a return of statutory compliances in Form NDH 1 within 90 days from the finish of the first financial year after its registration and where applicable, the second financial year, with such fee as stated in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar accordingly certified by a chartered accountant or a company secretary or a cost accountant in practice .

NDH 2
If a Nidhi is not following clauses (a) or (d) of sub-rule (1), it shall within thirty days from the end of the first financial year, apply to the Regional Director in Form NDH 2 with fee prescribed in Companies (Registration Offices and Fees) Rules, 2014 to extend the time and the Regional Director may judge the application and pass orders within 30 days of receiving the application .

NDH 3
a) Number of member admitted
b) Number of member ceased
c) Calculation of Net Owned Funds
d) Details of Deposits .
Why Nidhi Company should be registered
a) Low mobilization of deposits
b) Perfect for middle and lower-income groups
c) Loan at lower interest rates
d) Secured and on-time returns
e) There is not any extra interference .

What are the post-incorporation needs for Nidhi Company:
a. Minimum 200 shareholders are needed.
b. At least Rs 10 lakh net owned fund is required.
c. At least 10% of the unpaid deposits should be taken as encumbered deposits
d. Deposits cannot be accepted by company exceeding 20 times of net owned fund
What are the minimum needs when the registration of Nidhi Company is completed
a) Once registration procedure of Nidhi Company is done, following needs are to be met within one year
b) At least Rs 10 lakh should be maintained as net owned funds
c) Minimum 200 members should be registered
d) Out of entire unpaid deposits, 10% should be unencumbered term deposits
e) The ratio of net owned funds to deposit must be 1:20 .
What is Nidhi company and how it works
Nidhi Company is a kind of Non-Banking Financial Company (NBFC). It is created to borrow and lend money to its members. It impress the habit of saving among its members and works on the principle of mutual benefit.

Frequently Asked Questions

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NIDHI COMPANY REGISTRATION FORMS

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NIDHI COMPANY REGISTRATION IN INDIA

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  • Branch Master
  • Region Master
  • State Master
  • Plan Master
  • Rank Master
  • Commission Master
  • Relation Master
  • Bank Master
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  • Target Master
  • Prize Master
  • Voucher Master
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  • Member / Associate Search
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  • Renewal Pending List Branch / Associate Wise
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Admin Module

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  • Loan Approval Modify
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  • All Payment Modification
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  • Cash Book / Bank Book
  • Account Head Creation
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  • Budget Creation
  • Expenditure Entry Requisition
  • Expenditure Entry Approval
  • Expenditure payment
  • Other Income Entry
  • Budget Expenditure Requisition
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  • Budget Expenditure Payment
  • Budget Expenditure Report
  • Branch Fund Transfer
  • Branch Fund Transfer Approval
  • Day Book
  • Trail Balance
  • Auto Cash / Balance Sheet
  • Cash Sheet Summary
  • Bank Deposit Entry
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  • Bank Account Ledger
  • Day End Denomination Entry
  • Branch Day End Closing
  • Joining Acknowledgement Print
  • I-card Print
  • All Kinds of Money Receipt Print
  • Bond and Certificate Print
  • Passbook Print
  • Voucher Print
  • CLD Print
  • Member / Associate Search
  • Investment Search
  • Total Business Search (All Category)
  • Associate Self and Team Business Search
  • Loan Search
  • Savings Account Search
  • Approval Search
  • All kinds of Payment Search
  • All kinds of Print Pending and Due List Search
  • Maturity Search (All Category)
  • Team Wise Search (All Category)
  • ?.. and many more (Upto 50 types of search)
  • All kinds of Member / Associate Report
  • Business Report (All Category)
  • Business Report Plan Wise
  • Business Report Summary
  • Associate Collection Report Branch Wise
  • Associate Collection Report Rank Wise
  • Associate Self and Team Business Report
  • Savings Account Report
  • Loan Report (All Category)
  • Income Expenditure Report
  • Bond / Certificate Print and Dispatch Report
  • Cheque Business Report
  • All kinds of Approval Report
  • All kinds of Payment Report
  • All kinds of Investment Report
  • All kinds of Modification Report
  • TDS Report
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  • All kinds of Print Report
  • Auto SMS
  • Individual SMS
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  • Notification SMS
  • Automatic Dividend Calculation
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  • Automatic Voucher Generation
  • Automatic Installment Generation
  • Automatic Penalty Calculation
  • Automatic EMI Calculation
  • Automatic Cash sheet Generation
  • Modify Password
  • Update Some Information
  • Check Their Self and Team Business
  • Send Joining Requisition
  • Send Investment Requisition
  • Send Investment Renewal Requisition
  • Loan Apply
  • Loan EMI Payment
  • Send Account Opening Requisition
  • View Their Account Summary
  • Transfer Fund to Other Account
  • View Their Loan Status
  • View Last 6 Months Voucher
  • Utility Bill Payment
  • View & Print Money Receipt
  • Last Activity
  • My Notification
  • HR Master
  • a. Department Master
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  • Distribute Stock
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  • a. Inventory Report
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  • d. Warning Report
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  • f. Scrap Report
  • g. Stock and Out-of-Stock Report
  • Real Time Update
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  • All data are Encrypted
  • Mass SMS /E-mail
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  • User Friendly GUI
  • Easy to Handle (Without having any computer knowledge)
  • Bar Code Facilities
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