LEGAL SAHEB BUSINESS SOLUTIONS PVT. LTD.
Nidhi Company Incorporation
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Nidhi Company Incorporation:
- Nidhi company is a company that is incorporated with the objective of cultivating a habit of thrift and savings among its members. A Nidhi company can take deposits from a member and lend money to its member only. Basically, a Nidhi company is allowed to operate within the pool of its members only. In case a Nidhi company wants to lend money to an outsider, the outsider will have to first become a member of the Nidhi company. Nidhi companies are only allowed to give only secured loans. A Nidhi company cannot provide unsecured loans to its members.
Package Includes:
- Name search and approval
- Seven DSCs
- Three DINs
- MOA and AOA
- Incorporation certificate
- PAN and TAN
- E-statutory register
Basic Requirements:
- Minimum three directors
- Minimum seven shareholders
- The number of members should be 200 within one year of incorporation
Capital Requirements:
- No minimum capital is required. The paid-up capital should be increased to INR 10 lakhs within one year of commencement.
Process:
- Name approval
- Preparing DSC for all the directors and subscribers
- Draft MOA and AOA
- Filing the incorporation form
- Application for PAN and TAN
- Receipt of incorporation certificate in 10-15 days time (Subject to ROC discretion)
Documents required for Directors and Shareholders:
- PAN card (Compulsory for Indian citizens)
- Passport (Compulsory for Foreign nationals)
- Bank statement / telephone or mobile bill / electricity bill
Documents required for Registered Office:
- Leave and license agreement
- NOC from the property owner
- Sale deed / property deed translated in English in case it is owned