Those who want to start the nidhi company business will have a question in mind that 'how can I start nidhi company?'. The person who wants to start a nidhi company should register under section 620A in Companies Act, 1956 which is regulated by Minister of Corporate Affairs (MCA). Nidhi company follows RBI guidelines. Call us 09330160431 or email us -firstname.lastname@example.org. .
a) During incorporation condition Lowest paid up capital should be 5 lacs Preference shares cannot be issued b) After incorporation conditions- Companies should ensure the followings within one year. Least number of members should not be less than 20 Lowest net owned fund should be 10 lacs Net owned funds and deposits ratio should not be more than 1:20 c) Directors Least number of directors should be 3 Directors should be the member of company Director must be appointed minimum for 10 years d) Incorporation 1. Least requirements- Company should fulfill the least requirements to register nidhi company such as- Least 7 members Documents required Lowest capital requirement 2. Choose directors- Minimum 3 number of directors must be chosen by the company. 3. Apply for DSC and DIN- Digital sign is encrypted sign made for each director. It is used in different processes during incorporation. As per the law, each director must have a DIN (Director Identification Number). 4. Approval of name- It is important to approve the name of nidhi company. 5. Applying for incorporation- The most significant step is to apply to the registrar for nidhi company incorporation. .
Proof of registered place of business No objection certificate (NOC) signed by the landlord ID proofs Address proof of members Photos of members Digital signature (DSC) PAN card of members Director identification number (DIN) of directors Memorandum of association (MOA) of the company Article of association (AOA) of the company .