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Nidhi Company

Features of Nidhi Company

1. Required Minimum 7 Promoters Including 3 Directors

2. Can Accept Deposits From its members

3. Body Corporate and Benefits of Limited Liability

4. Can Lend Money to its Members

5. Can Provide Locker Facility to its members

6. Required to have Minimum 200 members within one Year

7. Best suited for Small lending and deposit Business

8. Minimum Capital Rs. 5 Lakh at the time of Incorporation and Thereafter required to have Rs. 10 Lakh Proprietor’s Fund

9. Ratio Of Proprietor’s Fund To Deposit Should be 1 : 20

10. NDH E-Forms Should be Filed Viz; NDH-3, NDH-1, NDH-4, Semi Annually And Annually

Documents Required For Nidhi Company Registration

1. PAN of all Directors

2. Application For Name Reservation

3. Voter ID/DL/Aadhar Card/Passport of All Directors /members

4. Passport Photo of all Directors

5. Latest Bank Passbook/Statement or Electricity/Broadband Bill

6. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for registered office.

Step By Step Procedure

Step 1- Application for Obtaining DSC (Digital Signature)

Step 2- Preparation and Signing of Incorporation Documents

Step 3- Filing of Incorporation Form to MCA

Step 4- Waiting For Approval from ROC

Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day

Step 2 and 3 – 1 Day

Step 4 and 5- Time Taken by MCA