Nidhi Company Services in Uttam Nagar

Nidhi companies are a type of non-banking financial institution in India that operates under the Companies Act, 2013. They are created to cultivate the habit of thrift and savings among their members, who are also the company’s shareholders. If you are in Uttam Nagar and are interested in starting a Nidhi company, then this article will provide you with a step-by-step guide to Nidhi company services in Uttam Nagar.

 Here are the steps for Nidhi Company

Nidhi Company Services in Uttam Nagar

1. Minimum Requirements

To start a Nidhi company, you must have at least seven shareholders or members, and the company must be registered as a public limited company. The minimum capital requirement is Rs. 5 lakhs, and the company must have a minimum of 200 shareholders within one year of incorporation.

2. Directors and Shareholders

The next step is to select the directors and shareholders of the company. The directors must be Indian citizens, and at least one director must have stayed in India for a total period of not less than 182 days in the previous calendar year. The shareholders can be individuals, trusts, or other entities.

3. Name Approval

Once the directors and shareholders are selected, the next step is to obtain name approval from the Registrar of Companies (ROC). The proposed name of the company must not be identical or similar to any existing company name, and it must comply with the naming guidelines specified in the Companies Act, 2013.

4. Incorporation Documents

The next step is to file the incorporation documents with the ROC. The documents required include the Memorandum of Association (MOA), Articles of Association (AOA), Form INC-32 (SPICe) – the integrated incorporation form that includes PAN, TAN, and ESIC registration, and the address proof of the registered office of the company.

5. Obtaining a Certificate of Incorporation

After the documents are filed, the ROC verifies the details and issues a Certificate of Incorporation. This is the final step in the Nidhi company registration process, and it signifies the legal existence of the company.

6. Commencing Operations

After obtaining the Certificate of Incorporation, the Nidhi company can commence operations. The company can accept deposits from its members and offer them loans at a lower rate of interest than the market rate. The company must also comply with all applicable rules and regulations related to Nidhi companies.

In conclusion, Nidhi company services in Uttam Nagar are a relatively simple and straightforward process. However, it is important to comply with all the legal requirements and regulations to ensure that the company operates smoothly and in compliance with the law. It is advisable to work with a professional service provider who can guide you through the entire process and help you stay compliant with all applicable laws and regulations.