, What Documents are required for Nidhi company Registration ~ CS GAURAV SHARMA

July 26, 2017

What Documents are required for Nidhi company Registration

Why to choose Nidhi company 

Choose Nidhi Company because:

  • No External Involvement in Management
  • Helpful for Lower and Middle Classes
  • Low Rates of Interest
  • Secured Investments
  • Minimum Documentation and Formalities

DOCUMENTS REQUIRED FOR NIDHI COMPANY REGISTRATION

Copy of Director’s PAN Card

Passport size photograph of Directors

Copy of Aadhaar Card/ Voter identity card of directors

Copy of Rent agreement(If rented property)

Electricity/ Water bill (Business Place)

Copy of Property papers (If owned property)

Landlord NOC (Format will be provided)


MINIMUM REQUIREMENTS BEFORE INCORPORATION

Minimum 7 shareholders

Minimum 3 Directors

Minimum Capital of Rs. 10 lacs

DIN for all directors


ADVANTAGES OF NIDHI COMPANY REGISTRATION

No Minimum Share Capital Requirement
Easy Transfer of Ownership
Tax Benefits
No need to use “Nidhi” or “Limited” title
No Stamp Duty
Clear Objectives for easy donations and loans
Easy to Manage
Exemptions and Privileges under Companies Act, 2013
Relaxation in Compliances






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