Nidhi Company Registration

-All the partners need to apply for DSC and DPIN.
-Apply for name approval.
-Forms and documents such as MOA and AOA submission.
-Obtain Incorporation Certificate.
-Apply for TAN, PAN and bank account.

Companies registered under this entity are engaged in receiving deposits and lending to the members of the company. This may look like NBFC but there are exemptions to Nidhi Companies from RBI. Yet, Nidhi companies can become base to establish an NBFC.However, on the downside, these companies cannot invest in another company nor can run microfinance. Furthermore, they are restricted from advertising and can't perform other businesses than finance.

Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by Registrar of Company office (Ministry of Corporate Affairs) DIN is to be mentioned in most of the documents while appointing a person as a director of a company.

Nidhi company is a Non-Banking Finance Corporation (NBFC) which is more popular in the southern part of the nation. It is recognised under section 406 of the Companies Act, 2013 and is governed by the Companies Act, 2013 and Companies (Nidhi Companies) Rules, 2014. Like all other finance corporations, it also falls under the purview of RBI.

The company should fulfil all the minimum requirements to register a Nidhi Company like:a. Minimum 7 membersb. Document requirementc. Minimum capital requirement

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

Any individual can become a shareholder in a Nidhi company. For becoming a director in a company, no professional or educational qualification is required.

A digital signature is electronic signature, which is in the form of Encrypted codes. It is used for signing the electronic Documents, filed with ROC for incorporation of Company. It cannot be used in physical documents.

No, Its Completely Online Process. There is no need to Present there physically.

Any individual/organization can become the member in Section 8 Company including foreigners/NRI’s.

A private limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, at least once every year.

Yes, A company can change its registered office any time after following specified procedure. The changed address can be situated within the same state or in a different state from the state in which it was originally registered.