Nidhi Company Registration in lowest Cost in Jaipur, Rajasthan

Nidhi Company Registration in Jaipur

NIDHI Company is governed by NIDHI Rules 2014. They are incorporated in the nature of public limited company and hence they have to comply with two set of norms, one of the public limited company as per companies act 2013 and another one is for NIDHI rules 2014. No RBI approval is necessary to register the company, as RBI has specifically exempted this category of NBFC in India to comply its core provisions such as registration with RBI. Every NIDHI shall with in a period of one year from the commencement must ensure that it has not less than 200 members.

Documents Required

The documents required from the director and shareholders are:

1. Pan Card/Aadhar Card
2. Voter ID/Passport / License
3. Two passport photo
4. Bank Statement- latest 3 month(Bank Pdf)
5. Email, Mobile No, Profession , Qualification and Duration of stay at present address

Documents required of the proposed registered address are as follows:

1. Electricity bill/Other Utility Bill of the proposed registered address
2. NOC or rent agreement from the owner of the premises
3. Even if the director is owner of the property NOC is needed from him
4. Bank Statement- latest 3 month(Bank Pdf)
5. Email, Mobile No, Profession , Qualification and Duration of stay at present address
6. Note:- All document must be scan from scanner with good quality

    

Time

Nidhi Company registration process can be completed in around 10-14 working days after all document received completely from customer side; as follows:-

1. Preparation of documents – 2 days
2. DSC Application – 1 day
3. Name Approval through RUN – 1-2 days
4. Filing of form – 2 days
5. Approval – 8-10 days

Procedure

1. Documents
2. The followings documents are required for registration of NIDHI Company:-
   1. Copy of director’s & partners PAN card, Aadhar card, voter ID/passport/driving licence with self attested.
   2. Two passport size photographs of the Directors & partners.
   3. E-mail identities and mobile numbers of the directors/partners/members.
   4. Minimum 3 proposed names of the company as per your priority.
   5. Digital signature certificate(DSC) generated by our professionals.
   6. Director identification number(DIN) of the directors generated by our professionals.
   7. Copy of rent agreement (if rented property).
   8. Latest month electricity/water bill (business place).
   9. Copy of property papers (if owned property).
   10. Landlord NOC (format will be provided).
3. Procedure
4. The procedure for registration of NIDHI Company
   1. For the registration process the first thing would be the submission of all the required documents to the company professionals OR representatives.
   2. After the submission of your documents The Legal Bank team would generate the DSC and DIN to you after your approval.
   3. The name you would propose will be than verified and would be approved(if available).
   4. The details will be filled in the SPICe form.
   5. The submission of SPICe form will be made done after that.
   6. And your work after these steps would be complete, with in 15-20 working days your NIDHI company will be formed.

Benefits

Benefits of NIDHI Company are as:

1. Benefit of NIDHI Company is high rate interest of 7.5%. And NIDHI Company can earn max 20% interest on loans in reducing balance method.
2. Registration of NIDHI Company is simple as compared to other companies.
3. No need to get an approval from RBI.
4. Minimum start-up capital required of ₹5 lakhs.