"Nidhi" means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefits
A minimum of three directors are required to establish a Nidhi Company and the maximum amount cannot exceed beyond fifteen..
The minimum authorized capital to start should be Rs. 500000(US $7549 approx) and it can be increased to any amount(no upper limit). This money is deposited in your company bank account at your disposal.
Once a Company is incorporated, within a period of one year from the commencement, the Nidhi Company must meet all of the following criteria
It usually takes 35-45 working days to register a Nidhi Company
Yes, the company incorporation process is online. You can email / upload us the required documents.
Yes, the company incorporation process is online. You can email / upload us the required documents.
The documents requirements are as follows
Yes, a salaried person become a director, there are no legal bondages in this but you may have to go through with your employement agreement if it contains any restrictions on doing so.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.
No You can open a company to your residential address there is no requirement to have a commercial place to open up a company
For Registered Office Address
No, as per the restriction mentioned in the Nidhi rules no nidhi company can do the busienss of asset financing
First ensure the name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if the name is not a registered trademark taken by anybody under the IP act. Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, technosoft, IT consultancy.
Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives.
While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, Technosoft, IT consultancy.