Nidhi Company Registration in Guwahati

Nidhi Company is the most popular type of corporate legal structure in India. Nidhi company registration in India is governed by the Ministry of Corporate Affairs, the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a Nidhi company, a minimum of seven shareholders and three directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

A Nidhi company closely resembles to a NBFC, however under a Nidhi Company deposits may be accepted from a closed group of persons only called members of the Nidhi Company. A Nidhi Company is formed to borrow and lend to its members with an objective to promote the habit of saving money among its members and works on the principle of mutual help. Unlike an NBFC a Nidhi Company is not required to obtain a license from RBI, hence it is easy to incorporate. To start with first incorporate a public limited company which should have “Nidhi Limited or Fund Limited” as the last word of its name. Secondly within one year of its incorporation, when the number of shareholders has reached 200 then a separate application is filed before the ROC for grant of Nidhi Company Status. The Company cannot advertise asking for deposits from the public at large and shall keep its borrowing and advance activities to and from among its members.

Total Cost: INR 35,000.00 including Government Fee, DSC, DIN, Name Approval, PAN & TAN Fee and Professional Fee. (The price is for 3 Directors and 7 Shareholders only, additional Director or shareholder will cost INR 1500.00 for each director or shareholder)

Documents required for

Scanned copy of the following documents is required to incorporate a Nidhi company.

  1. Colour Photographs of all the Promoters
  2. PAN Card of all the Promoter
  3. Identity Proof (Voter ID / Driving License/ Passport)
  4. Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
  5. Proof of Registered Office ( Land Document / Notarised Rent Agreement or Lease Agreement along with latest money receipt)
  6. Utility Bill as proof must be Latest (Electricity Bill, Gas Bill or Water Bill or Property Tax Bill)
  7. NOC from the owner of the premises whose name is mentioned in Land Documents and Utility bill.

** Utility bills shall not be older than 2 months.

*** The registered Office address need not to be a commercial space; it can be your residence too.

 Check Company name on ministry of Corporate Affairs database:

https://www.mca.gov.in/mcafoportal/showCheckCompanyName.do

In the Company or LLP Name, enter the proposed company or LLP Name and click search.  The list will show the list of Company and LLPs in existence with similar name. If the search returns “No records found”, then there are no similar companies or LLPs with similar name.

Check Trademarks on ipindia database:

https://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx

Search proposed name in the respective classes. To know more about trademark classes contact us.

After Incorporation what you get:

DSC for 7 Shareholders

DIN for 7 Directors

Company PAN & TAN (Digitally signed Soft Copy)

MOA and AOA

Company Incorporation Certificate

Supporting Document for opening Bank Account

Share Certificate

GST Registration Certificate*

* If opted for GST Registration then only GST Registration Certificate will be given.