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Nidhi Company Registration In Patna City

We manage to pay for Nidhi Company registration in Patna City, Online Nidhi Company Registration in Patna City. Nidhi Company is enthusiastic like a Bank but it is every other from legal definition of Bank and NBFC. On Nidhi companies Nidhi Rules, 2014 is applicable. We will find the keep for you all information roughly Nidhi Company registration in this article in brief.

Nidhi Company Registration In Patna City

Nidhi Company Registration In Patna City

“Nidhi” is a Hindi word, which means Finance. Nidhi Company is company registered under company Act, 2013. Section 406 of companies Act and Nidhi Rules, 2014 manage Nidhi companies. Nidhi Company is public company. A Nidhi company does not require any License from RBI (Reserve Bank Of India).Nidhi Companies normal with object of dealing in finance i.e. developing obsession of thrift and saving in the midst of its members. Nidhi companies allowed taking deposits from its zealot and lending finance to its members. RBI directions are followed by everything Nidhi Companies upon deposits reaction scheme.  Nidhi deals in the reveal of its shareholders/ members only.  Fund working in Nidhi Companies are contributed from its members only. Nidhi companies cannot concern preference shares.  Nidhi company’s names are alternating from proclaim of normal private limited companies, its broadcast like lead Fund, Mutual Benefit fund etc. In Nidhi Companies most of the fund is come from the members.

Some Important Points:

  1. Nidhi Companies maximum forward movement to one person will not exceed Rs 200,000.
  2. Nidhi Companies cannot offer any unsecured loans.
  3. Maximum Period of gold move forward is 1 year.
  4. Nidhi company cannot provide any vehicle loan.
  5. Interest rate upon deposits should not exceed the rate provided by NBFC currently which is 12.5%.
  6. Interest rate upon RD is afterward maximum 12.5%.
  7. Interest Loan upon Loans not exceeds the limit which is normally unlimited by Banks.
  8. Minimum period of Fixed Deposits is 6months.

Advantage of Nidhi Company Registration:

  1. Cheap and best for financing services.
  2. Separate real entity.
  3. Easy to maintain.
  4. Enjoy Better credibility.
  5. Minimum Documentation Required.
  6. No RBI approvals required.
  7. No dependence to use “private limited “ or “Limited “ in name.

Documents Required For Nidhi Company:

  1. Copy of Pan Card.
  2. Copy of Aadhar card/voter id card/ passport.
  3. Electricity Bill/gas balance not older than 2 months.
  4. Bank Statements of each member.
  5. Copy of NOC from owner of registered office area.
  6. Phone number & email id.

Procedure of Nidhi Company Registration:

  1. Documents Preparation.
  2. Apply for DSc.
  3. DIN application for directors.
  4. Name filing.
  5. Online filing of with supplementary documents.
  6. Online payment of fee.
  7. Incorporation certify issued by MCA.

Nidhi companies is type of Non Banking Finance company, in which minimum 7 members is required. At beginning minimum 3 directors is appointed for control day to daylight business.  Minimum Capital for concentration of a Nidhi company is Rs. 500,000. Nidhi companies reach not required any RBI license. Nidhi Company is simple and cheap to form to register in NBFCs. Government of India give capacity to online registration of Nidhi Company. So it is good for related business entities. We will complete you work, you no compulsion to come our office. Send us everything required documents through emails. Pay our enhancement online.