Are you ready for nidhi company registration? The complete solutions for incorporating a Nidhi company which includes the issue of shares, acquiring Nidhi status, and incorporation of Nidhi company incorporation! The Nidhi company rules are simple with Aanoorglobal.
A Non-banking financial company (NBFS) that does not need any license from the RBI is Nidhi Company. It’s cheap and easy to fill the form and registration is easier. Anybody can incorporate a Nidhi company as there is no background check; there is no prescribed qualification for the creditors. Nidhi companies can only deal with their members and not others.
The partner needs to apply for DIN and DSC for Nidhi Company. The DSC is one of the online signatures used for filing and Directors PIN is issued by MCA. If the directors hold both DIN and DSC, you can go to the next step.
You need to give at least two different name options through Reservation of Unique Name in MCA portal, and the MCA will be choosing any of the names you have provided for Nidhi Company. The names given need to be suggestive and unique of company business.
Once your business name is approved, you need to draft Articles of Association and Memorandum of association to be filed with necessary attachments through e-forms. You need to make sure the Nidhi company object should be a charitable object. Both AOA and MOA are filed with MCA with the statement of subscription
A Nidhi company can be formed within 15 to 25 days, and you will be able to start the business once you get the incorporation certificate. It is proof that the company has been created and the CIN number is also one important thing included in it.
Once you have got your incorporation certificate, you need to apply for TAN and PAN. Both will be received within seven working days. With these COI, MOA and AOA will go for account opening to commence business activity.