Nidhi Company is a company or commerce registered and listed under the Companies Act, 2013, which is incorporated and included with a one and only or an individual. The purpose and intention of including and incorporating a Nidhi Company is to encourage cheering and cultivating or humanizing the habit of savings and investments in the middle of its members. Nidhi company’s mainly intention and objective is to accept deposits and also allows taking deposits from and lending or lending money in between their members or to theirs members only.
Nidhi Company has progress and advance as a well-liked and accepted lending or let somebody use machines or mechanism for get hold of and acquiring secured loans. These companies and commerce are for the most part and highly predominant and leading in the Southern Parts of India. Furthermore, or in the addition the procedure or process and the associations and interaction of this company and commerce are very much comparable, equivalent and analogous to that of a supportive culture and civilization.
Ignis legal care proffer the services or the Nidhi company registration in just as reliable or affordable cost of manner or in just as the short period of time you can consult us and contact Ignis Legal Care by placing a call on +91-9829303123 anytime from anywhere.
The word “Nidhi” in Nidhi Company means “treasure” and it originates from the Hindi vocabulary.
FEATURE AND ADVANTAGES TO REGISTER A
NIDHI COMPANY
1.
SEPARATE LEGAL ENTITY:
Nidhi Company is a separate and takes apart legal entity or an individual that can obtain and attain assets, possession and bring upon yourself or acquire debts in its own or individual name.
2.
NO EXTERNAL INVOLVEMENT:
Nidhi Companies receive and obtain funds or rites from their members and supplementary or additional makes obtainable and available loans to their members and associates only. All transactions and communications are complete and prepared contained by or with this group only. So, no external peripheral factors and features are affected or pretentious by the working and functioning of these companies and commerce.
3.
LOW CAPITAL REQUIREMENT:
There is minimum capital paid up capital requirement of Rs. 5 lakhs for registration of Nidhi Company.
4.
EASY ACCESS OF PUBLIC FUNDS:
The members and an individual can obtain and receive loans commencing and from the Nidhi Company and corporation at a cheaper rate and charge than loans from banks and financial economic organization or association and the process of acquiring or receiving loan are much more expedient and faster or more rapidly.
5.
LESS REGULATIONS:
Nidhi companies and commerce are governed and administrative under the Nidhi Rules, 2014 only. Ministry of Corporate Affairs is the regulating authority controlling the activities and operations of Nidhi.
MINIMUM REQUIREMENTS TO REGISTER
NIDHI COMPANY
1.
UNIQUE NAME OF COMPANY:
The proposed name of the company should be unique one and should not be similar or resemble with an existing company or LLP or Registered Trademark or Trademark applied for.
2.
CAPITAL REQUIREMENT:
There
is no requirement and necessity of minimum and least amount paid up wealth, resources
or capital to register and listing a Nidhi Company. Investment can be made as
per requirements of business or commerce.
3.
MINIMUM SEVEN PERSONS
A Nidhi Company can be registered and listed by at least seven persons, who shall act and do something as the shareholders and Directors of the company or commerce and out of which at Least One director must be resident and habitant in India.
4.
MAIN OBJECTS OF THE COMPANY:
Main Objects and substance of Nidhi Company shall be cultivating and humanizing the habits of savings or investments among its members, lending and borrowing money to its members.
DOCUMENTS REQUIRED TO REGISTER PUBLIC
COMPANY
· Photograph of all directors and shareholders
· Pan card of all directors and shareholders
· Self attested copy of address proof viz. Bank statement/ electricity bill/ mobile bill/ telephone bill any one.
· Rent agreement/ ownership documents and utility bill of the registered office of the company
· ID proof viz. Aadhar card/ voter ID/DL/passport, any one of all directors and shareholders.
E-mail ID/ Mobile No/ place of birth/ educational qualification/ duration of stay etc.
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