
In the Indian NBFC (Non Banking Financial Company) sector, Mutual Benefit Company is a distinct name. It is also known as the Nidhi Company and Mutual Benefit Fund. The connotation of Nidhi is Treasure as mentioned in the ancient Indian language – Sanskrit. The intension of Nidhi Company is to develop the propensity for frugality and savings among its members. We help growing entrepreneurs to process their nidhi company registration documents accurately and perform the registration process in fastest and hassle-free ways. Our experts have in-depth experience to provide multiple services like income tax registration of different businesses like private, public, trust, society, GST registration etc.
One Click Business Solutions offer a nidhi company registration service at cost-effective price. We help growing entrepreneurs to process their nidhi company registration documents accurately and perform the registration process in fastest and hassle-free ways. Now you can find here one of the best CA Consultant,100% safe online process and No physical presence required.
Starting a Nidhi Company comes with a large numbers of benefits. You cannot enjoy the same with the formation and operating any other type of Company.
Although registration procedure of a nidhi company is easy yet, support from a professional is recommended for filing difficult forms within proper deadline. It may seem difficult to understand government portals and terms therein too. Let us know the steps of Nidhi company incorporations :
KYC of all the Directors and Shareholders
At least 3 directors and 7 members are needed. Same individuals can be both members and directors. Without DIN numbers, maximum 3 members can be directors at the time of incorporation of the company.
Digital Signature
DSC (Digital Signature) is a fundamental need for initiating the Nidhi Company Registration Process. All the forms are submitted must be self-attested.
Required details :
1. Email ID and Mobile number
2. PAN and Aadhaar
3. Passport Size Photo
Approval of Name
The suggested names of Nidhi Company must be unique and should not match the names of already registered companies. The name can be reserved with Reserve Unique Name (RUN) form..
Documentation
After digital signature and name approval, we will draft all the directors' and shareholders' declarations sheets for their acceptance, articles of association, memorandum of association and subscription sheet.
Final Incorporation (MoA and AoA)
Once approval of name procedure is completed, the application for Nidhi Company Registration should be submitted through SPICe Form. The application should accompany Memorandum of Association (MoA) and Articles of Association (AoA) of Nidhi Company. Once proper inspection of the application is completed, COI is issued.
PAN and TAN
PAN and TAN applications will be done with Nidhi Company Registration.
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