FEATURES OF NIDHI COMPANY
FEATURES YOU CAN'T RESIST
SEPARATE LEGAL ENTITY
In a Nidhi Company Registration, the Company, Directors and its Shareholders are considered as Separate Legal entities, thus shields from personal liability and protects from other risks and losses.
EASY TO CHANGE OWNERS
It is easy to change the members and directors at any given point of time. The cost associated with the addition or removal of Directors or Shareholders from a Nidhi Company is quite nominal and the process can be completed within the same day as well.
NO PRIOR RBI APPROVAL
The Benefit of Nidhi Company Incorporation is that, it does not require to take prior approval from RBI to start its loan business. Thus, the Comapny can start its business as soon as it incorporates.
INTEREST INCOME
Nidhi Company enjoys the benefit of having a steady income in the form of Interst inome. Also, Nidhi Comapny can earn Interest upto 20% P.a.
EASE OF EXPANSION
Nidhi Comapny can open maximum upto 3 branches within the district after sucessfully completing its 3 years after incorporation..
SAFE LENDING
Nidhi Company is allowed to lend money against securities like gold, immovable property, FDs, etc. thus providing the adequate resources for recovery.
MINIMUM INVESTMENT
Nidhi Company can be incorporated with a minimum paid up capital of Rs. 5 Lakhs.
LOW RISK OF NPAS
As we all know that Nidhi Company is allowed to deal with its members only, it provides reasonable assurity about the safety of the money lend by it.
EASY FUND AVAILIBILITY
A Nidhi Company Registration is required to make minimum of 200 members which ultimately provides it with easy fund availability from its members.
NIDHI COMPANYREGISTRATION PROCEDURE
MORE SIMPLE THAN IT LOOKS!
1. PREPARATIONS OF DIGITAL SIGNATURE (DSC)
1st we apply for DSCs of all the Directors & Subscribers. Digital Signatures are required for signing all the documents while incorporating your Nidhi Company.
2. FILING APPLICATION FOR DIRECTOR'S DIN
After DSCs, we will apply for the Director Identification Number (DIN) for each of the proposed directors. It is the unique number allotted by the MCA to each director of the Proposed Nidhi Company.
3. CHOOSING UNIQUE NAME FOR YOUR NIDHI COMPANY
Meanwhile applying for your digital signatures, we will help you in selecting a Unique Name for your Company. This process completes on the same day.
4. PREPARING FORMS AND DOCUMENTS
Once your Company name is approves, our experts will start preparing all the required e-forms and other documents. These documents will contain the company’s business objectives i.e., MOA and AOA and other legal documents that needs to be submitted to the department.
5. FILING E-FORMS WITH MCA
After completing all the formalities and documents, we upload e-forms prepared in step-3 on the MCA portal which takes approx 2 days for either approval or rejection. Relax, our experts will get your Nidhi Company registered in a single shot.
6. ALLOTMENT OF COI, PAN & TAN
Once, the approval is confirmed from the department, the MCA will issue the Certificate of Incorporation, the company’s PAN and TAN using which a Current Bank Account can be opened and you can start your business operations right away. CONGRATULATIONS. CONGRATULATIONS…