Nidhi Company is a distinct type of financial service oriented organization in India. It is a part of Indian Non-Banking Financial Company (NBFC) industry. The main purpose of Nidhi Company is to lending and borrowing only its members . No outsiders (other than the company member) are allowed to take financial services from here other than its own shareholders.
It is kind of mutual benefits business where people are interested to invest or start their business as early as possible. One Click Business Solutions provide a passionate and highly experienced professionals for nidhi company registration service in Mumbai.
Now a days we are providing a huge offer of nidhi company registration in Maharashtra at lowest price and get registration certificate in few working days without any legal problem, No physical presence required and get Instant access to Nidhi Compliance . We are 100% certified company registration services provider & free consultation law firm. The concept of Nidhi is quite unique. You may not find any such other type of organization in the world.
Documents Needed for Nidhi Company Registration :-
- Pan Card
- ID Proof
- Bank Statement
- Passport Size Photo
- Registered Office Proof.
Although process of nidhi company in ahmednagar is easy yet, support from a professional is recommended for filing difficult forms within proper deadline. Fill first KYC of all the Directors and Shareholders, Digital Signature, Approval of Name, Documentation, Final Incorporation (MoA and AoA), PAN and TAN and these are process done in 10 to 15 days .
Advantages of Nidhi Company
As a part of the NBFC sector, Nidhi Company and its members enjoy a good number of benefits. Check the advantages of Nidhi Company here:-
Simple rules of Incorporation – Incorporation of Nidhi Company requires minimum and simple rules to follow. You can start such company with 7 members (shareholder) and 3 Directors. Members can be a director at the same time.
License from RBI is not needed – Although some NBFC establishments required acquiring license from the RBI to start, there is no such provision to form a Nidhi Company. You don’t need to take strict compliance measures as RBI has exempted Nidhi Companies to do so.
Affordable registration Process – You don’t have to invest a lump sum amount of capital to incorporate Nidhi Company. The minimum working capital should be ₹ 500,000. You can arrange that money within 2 months of your brand-new Nidhi Company incorporation.
Less Risk of Loan Recovery – As Nidhi Company provides loans to its members only, the risk of loan recovery is almost zero as compared to other types of financial business models.
From one to twenty – The ratio of the Net Owned Fund and Deposit in a Nidhi Company is one to 20 (1:20). As a shareholder in your Nidhi Company, you could invest ₹1000 and raise it up to ₹ 20,000.
