You can easily start a Nidhi Company in India by incorporating issues of shares and incorporation of Limited Company and getting the Nidhi status. Get your Nidhi Company incorporated from Rs. 34899/- onwards with AapkaTax.
Registration of a Nidhi Company is entailed company under the Companies Act, 2013, whose sole objective is to cultivate the habit of savings and thrift among all the members. A Nidhi Company is allowed to take deposit from its members and also lend it to the members only. Hence, the funds attributed for a Nidhi company are only from its shareholders (members) and also used by the members of the Nidhi Company only.
It is a section of RBI and NBFCs empowered to give directions to them in matters of their deposit acceptance things. But, since these Nidhi’s deal with their members only, RBI has exonerated the apprised Nidhi’s from the main forages of the RBI Act and other indications befitting to NBFCs. Hence, it is the perfect entity to take deposit from and lend to a particular category of people.
Identity and Address Proof
Identity and address proof of all directors and shareholders of the company will be required for registration. Also for, Indian nationals, PAN is mandatory. For foreign nationals, an apostilled or notarized copy of passport needs be submitted compulsorily. All documents submitted must be valid and the residence proof documents such as bank statement or electricity bill must be less than 2 months old.
Registered Office Proof
The companies must necessarily have a registered office in India of which they need to provide a recent copy of the of the electricity bill or property tax receipt or water bill. Also, along with the utility bills, a copy of the rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company needs to be submitted.
Hence, these are the mandatory documents:
1. Identity proof of partners
2. Address proof of partners
3. Address proof for registered office in India
4. Signed Partnership Deed