Incorporation Procedure of Nidhi Company

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Incorporation Procedure of Nidhi Company
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Introduction
Nidhi Company is a type of company which is
incorporated with the end view of inculcating the
habit of saving among the members or shareholders
of the company. Any Nidhi Company can only lend
or take a deposit from its members only and that
too for their mutual benefit.
Related How to incorporate Nidhi Company in India
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Documents Required for Incorporation

• Identity and Address Proof of Directors and
  Shareholders
• Registered Office Proof in India
• Signed Incorporation of Documents

Related Procedure and Requirements for Nidhi
Company
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Minimum requirements for formation of Nidhi Co.

• The company needs to have at least seven
  shareholders and minimum three directors. And all
  the directors should have Director Identification
  Number (DIN).
• The minimum capital which the companies require
  is 10 lakh rupees.
• After the incorporation of Nidhi Company, the net
  owned funds to deposit ratio should be more than
  120.
• Unfettered deposits of not less than ten percent
  of the outstanding deposits are essential after
  the incorporation of the company.
• The minimum number of shareholders should be 200
  and no less.
• Net owned funds of a Nidhi company should not be
  less than 10of the outstanding deposits after
  incorporation.

Click Here Register as Nidhi Company
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CONTACT INFORMATION
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