How Nidhi Company Registration is Essential for Your Business Success?

Nidhi Company is a type of NBFCs and Banking companies. Registration process of a this Company is easier than NBFCs. In order to register a Nidhi Company, license from Reserve Bank of India is not compulsory. Do you know about ‘Nidhi Limited Company?’ I can bet that most of the users do not know about this kind of organization.

Nidhi companies are categorized as a type of Banking companies and its registration procedure is easier compared to NBFCs. In order to register that Company, license from Reserve Bank of India is not compulsory. To start a Nidhi company, at least seven people and an initial capital of Rs 5 lakh are required. Initially three directors are needed for company registration. This is also possible how to register nidhi company in kolkata.

Every director or promoter must have a copy of ID proof, PAN card and address proof to apply for nidhi finance company in India. In order to complete company registration procedure in few working days. If you are in India, you may search with the phrase quick nidhi company registration to get more information about that. Now let us focus on the topic :

Steps to Register Nidhi Limited Company

Application of DPIN and DSC – DPIN (Director’s PIN Number) and digital signature is important for Nidhi Company and all the partners are required to apply for Nidhi Company. Issue of DPIN will be accomplished by Ministry of Commerce and Affairs, Govt. of India.

Approval of Name – It is essential to submit 3 alternatives to Ministry of Commerce and Affairs for the choice of name of your Nidhi Company. Names provided must be unique and out of them, one will be selected.

Submission of MOA and AOA – Once the approval is granted for the name, AOA and MOA are required to be submitted. Both AOA and MOA are to be filed with the Ministry of Commerce and Affairs with the statement of subscription.

Obtain Incorporation Certificate – Generally, 15 to 25 days are required to make a Nidhi Company and obtain its incorporation certificate. Your CIN number is included in its incorporation certificate.

Application for PAN, TAN and Bank Account – Once applied for PAN and TAN, they can be obtained in 7 working days. In order to open Bank Account, you need to submit PAN, MOA, AOA and incorporation certificate.

Hopefully by reading the article, you have obtained detail idea about start new nidhi company registration India. You may search on the Internet to get more useful information about the topic.