Swaritadvisors: Apply These 7 Secret Techniques To Improve Nidhi Company Registration

What are the benefits of Nidhi company registration?

·         Individual legal entity

Nidhi company registration is considered to be the legal entity under the Companies Act, 2013, which helps the company to have a wide legal capacity and can own the property on its name.

·         Effortless administration

Nidhi companies do not involve much of a hassle. If you want to bring a change in the board of management, you just need to fill a few forms with the Registrar of Companies. Activities going around the Nidhi Company Registration is controlled by the board of management.

·         Perpetual existence

Nidhi company has uninterrupted existence, its functioning is not affected by the unannounced withdrawal of the employee or an unfortunate departure of any employee

·         Trustworthiness

Nidhi companies have better credibility over other organizations as they are under the direct control of the Reserve Bank of India (central government).

List of documents required for the Nidhi company registration

There is a list of certain documents that to need to be submitted for the registration of Nidhi company-

·         Identity proof

As an identity proof of directors and shareholders, you need to submit the PAN for Indian nationals and notarized copy of passport for the Foreign Nationals

·         Address proof

For the Address proof of directors and shareholders, you have to provide the passport, Drivers’ license, Aadhar, bank statement or electricity bill. And the documents must be valid and not older than two months

·         Office address proof

You have to provide the proof of registered office in India that include Rental Agreement or sale deed, copy of Electricity bill, property tax receipt, NOC if you have a rented office space

·         Digitally signed documents

You need to submit the digitally signed hard copy of the application, along with some other necessary documents.

Nidhi companies are governed by the Companies Act, 2013. The main objective of Nidhi Company is to encourage the nature of saving money, to propagate the habit of thrift among its members. And these Nidhi companies can only accept and lend deposits to its members. Nidhi companies are considered to be the class of NBFCs and RBI can issue directions to them in relation to the acceptance of deposit activities.

Nidhi company registration is easier in comparison to others, as it doesn’t require applying the application of license with the Reserve Bank of India (RBI).  If you want to start your own Nidhi Company, then you just need to contact Swarit advisors. We have a team of professionals who will help and educate as well regarding every aspect related to the Nidhi Company registration.

Further, we will discuss who else wants to be successful with Nidhi company registration; that involves the benefits of Nidhi Company, the process of Nidhi Company Registration, documents required for it etc. There have to be at least Rs. 5 lakh as the equity share capital to start a Nidhi company. We hope you have a basic idea regarding the Nidhi company registration by now.

For more information please contact Swarit advisors.