Company Registration Nidhi-NBFC

Nidhi Company is a type of Non-Banking Financial company (NBFC) is a type of Non-Banking Financial company (NBFC) registered under Companies Act and notified as a Nidhi company by Central Government under Section 406 of Companies Act, 2013.

This form of Company is opted as purpose of receiving deposits and lending between their members only, for their mutual benefit.

Required Documents—

Our team of expert provides free consultation regarding required documents in your initial step of growth.

Name Reservation---

Name selection is the most important step to build your brand. Three options are required from which one shall e selected by The Ministry of Corporate Affairs (MCA).

Documents Submission----

We are always agree to hold any complexity, you only have to submit all the documents online via mail & no need to present physically to complete the process.

Timeline Required---

We respect your time & passion, so our expert’s team work 24X7 to support you to fulfilling your dream.
It usually takes 30-35 days for your company registration after receiving the documents. However the GST registration takes another 5-10 days

Steps for  NBFC Company Registration

Step 1: Obtain Digital Signature Certificate (DSC)*

Step 2: Obtain DIN*

Step 3: Name Availability

Step4: Incorporation Form & other Documentation.

 

Required Documents:

•    Copy of PAN Card of directors

•    Electricity/ Water bill (Business Place)

•    Passport size photo of directors

•    Copy of Aadhaar Card/ Voter Id card of directors

•    Copy of Rent agreement (for rented property)

•    Copy of Property papers (for owned property) 

•    Landlord NOC

 

Compliances for Nidhi Company

NDH-1 Form: A Nidhi Company must submit the list of members in every 90 days from the end of every fiscal year.

NDH-2 Form: They request MCA towards an extension in this Form if it has not been able to add 200 members in its first fiscal year.

NDH-3 Form: A half-yearly return must be filed in NDH-3 Form.

Annual Returns with ROC: The Nidhi Company must also file its Annual Returns with MCA through Form MGT-7.

Profit and Loss Statement and Balance sheet: The financial statements, as well as other related documents, must be submitted, annually, in Form AOC-4.

Income Tax Returns: Nidhi Company must also file its Annual Income Tax Returns by 30th September of the following fiscal year.

Conditions to be fulfilled for getting ‘Nidhi’ status

In one year of its registration

Nidhi Company must have a minimum 200 members within 1 year from the beginning.

The net owned funds must be 10 lakh rupees or above.

Unencumbered term deposits are required to be 10% or higher of the outstanding deposits.

The ratio of net owned funds towards deposits should not be above 1:20.

 

  

Stamp duties additional:

Punjab: Rs. 8500

Madhya Pradesh: Rs. 6000

Kerela: Rs.1000

Karnataka: Rs.2000