In its more recent context in the Indian financial sector it refers to any mutual benefit society notified by the Central / Union Government as a Nidhi Company. They are created primarily for the motive of cultivating the habit of thrift and savings among their members and generally it is in the form of Public Company. Nidhi Company is one of the categories of Non-Banking Financial Company (NBFC) that does not require any Reserve Bank license.
Read More(Prices are inclusive of GST; Government Fees and other charges will be charged at actuals)
Click here to proceed with the payment.For Customized Services avail our abiZa Prime services. For abiZa Prime services Click here...
OR
Call : +91 844-844-0306In its more recent context in the Indian financial sector it refers to any mutual benefit society notified by the Central / Union Government as a Nidhi Company. They are created primarily for the motive of cultivating the habit of thrift and savings among their members and generally it is in the form of Public Company. Nidhi Company is one of the categories of Non-Banking Financial Company (NBFC) that does not require any Reserve Bank license.
1. Director:
2. Shareholder:
3. Capital:
4. Registered Office:
5. Registering Authority:
Note:
1. Not Less than 200 Members: After incorporation, a Nidhi company must add at least 200 members to comply with this requirement of law. Further, it has to maintain this during the course of time. If the total members falls less than 200 at any time thereafter, it will leave the company at default. However, are not able to reach the limit of 200 members, then you must apply for time within 30 days of closure of financial year in Form NDH-2 with Regional Director
2. Net Owned Funds shall be INR 10 Lakhs.
3. Unencumbered term deposits of not less than 10% of the outstanding deposits.
4. A Nidhi Company shall not admit a body corporate or trust as a member.
5. A minor shall not be admitted as a member of Nidhi Company.
Obtain DSC (Digital Signature Certificate)
Prepare SPICe+ form (Part A – Name availability and reservation request)
Prepare SPICe+ Part B form (Company information i.e. directors, capital etc.)
Prepare e-form SPICe+ MOA (INC-33) ,SPICe+ AOA (INC-34) and SPICe+ AGILE-PRO (INC-35)
Download all the e-forms prepare online and affix DSC on all the e-forms.
Attached the require documents with form SPICe+ and upload the e-forms to MCA portal.
Verification of documents / forms by RoC
Issue of Certificate of Incorporation by RoC
Factors of Comparison | Private Company | Public | One Person Company | Limited Liability Partnership | Partnership | Sole Proprietorship |
---|---|---|---|---|---|---|
Capital | Min: INR 1 & Max:No Limit | Min: INR 1 & Max:No Limit | Min: INR 1 & Max:2 Crore | Min: INR 1 & Max:No Limit | Min: INR 1 & Max:No Limit | Min: INR 1 & Max:No Limit |
Director | Minimum 2 | Minimum 3 | Minimum 1 | - | - | - |
Shareholder | Minimum 2 | Minimum 7 | Minimum 1 | - | - | - |
Designated Partner/Parter | - | - | - | Minimum 2 | Minimum 2 | - |
Taxation | 30%(25% if turnover does not exceed 250 Crore) | 30%(25% if turnover does not exceed 250 Crore) | 30% | 30% | 30% | As per Slab Rates |
Statutory Audit | Compulsory | Compulsory | Compulsory | If Contribution exceed INR 25 Lacs; If Turnover exceed INR 40 Lacs | Not Required | Not Required |
Investor Preference | High | Low | Low | Medium | Very Low | Very Low |
Compliance Cost | Mdeium | High | Low | Low | Low | Low |
Regulator | Registrar of Companies | SEBI/Registrar of Companies | Registrar of Companies | Registrar of Companies | Registrar of Firms | - |
Time take for Registration | 5-7 working days | 5-7 working days | 5-7 working days | 20-25 working days | 10-12 working days | 5-7 working days |