Nidhi Company Registration in Siliguri ,Nidhi Company Registration in West Bengal :
Nidhi Company Registration Process and Requirements
A Nidhi company in India is registered as a public limited company, and therefore, essentially requires a minimum of Three Directors and Seven Shareholders. The requirement for a minimum paid-up equity share capital of Rs 5 Lacs, has been repealed by the Companies (Amendment) Act of 2015. Again, a nidhi company must have the words ‘Nidhi Limited’ as part of its name, in order to differentiate it from a regular finance investment company. Here, it may again to noted that the Memorandum of Association of a nidhi company must give proper space to the wording that, the primary objectives of the proposed company are to cultivate and nurture thriftiness and a lasting habit in all its members for making savings, and providing loans to and receiving deposits only from its members, for their mutual benefits.
After incorporation and within a period of one year from the commencement of its activities, a nidhi company must satisfy the following conditions:
It must have at least Two Hundred Members (Shareholders).
It must possess the Net Owned Funds (NOF) equalling Rs Ten Lacs or More.
Its outstanding deposits must contain at least 10% unencumbered term deposits.
And, the ratio of the NOF to the Deposits must not be more than 1:20.
To register a nidhi limited company anywhere in entire India, our veteran corporate lawyers offers the full range of required support and legal services, which essentially include the following services:
Making of DINs and DSCs
Approval and Reservation of the proposed company name (Form No. INC-1)
Drafting of the perfect MOA and AOA of the Nidhi Company
Filing application for Incorporation of the company (Form No. INC-7)
Filing Forms DIR-12 and INC-22