Classification Of Companies In India - Tumblr Posts

All about Nidhi Company Registration

Nidhi Company is most popular form for giving loan to its member and accepts deposits from its members. Its main objective is to lend and borrow money amongst its members and to cultivate the habit of savings amongst its members. Nidhi Company is governed by the Provision of Companies Act, 2013 and Nidhi rules 2014.

It providing loan and accepting Deposits you have to register. Nidhi Company is referred to as one of the kinds of NBFC. It is also called mutual benefit company. But no RBI approval is required to incorporate a Nidhi company as it is the exempted category Nidhi Company will always be public limited company and its name should end with ‘Nidhi Limited’, Presently Nidhi Company is become very popular for lending business.

How to Register a Nidhi Company? • Application for Approval of name. • Preparations and drafting of Incorporation documents. • Application for incorporation of Nidhi company with ROC • Signing of Incorporation documents. • Obtaining DSC for all member and director.

Nidhi Company Registration: 1) Instant access to Nidhi software and compliances. 2) Lowes t cost across India. 3) It takes 10 or 15 days for Nidhi Company Registration.

Documents Required for Nidhi Company Registration: • PAN • Address Proof • Registered Office • Id Proof • Passport Photo • Latest Bank Passbook/Statement of Electricity/Broadband bill

Benefits of Nidhi Company: Simple Formation of Nidhi Company: • The formation Of Nidhi Company is very easy process. • It requires only 7 members out of which 3 members would be the directors. • Nidhi Company does not require obtaining a license from RBI. • The documents of required registration are very less. • It takes hardly 10 or 15 days to get registered.

Limited RBI registration: • There would be least intervention of RBI. • Nidhi Companies are exempted from main provisions otherwise applicable to be an NBFC in India. • These Companies follow Nidhi Rules 2014 issued by the center in respect of activity and working of Company.

Benefits of member: • It works with the objective of increasing saving of its member. • Easy to make donations and get loans from the Company. • Loan given at Lower rate. • The risk of non-payment is less than the other finance business.

Restrictions on Nidhi Company: • The period of repayment of the loan should not exceed one year. • Only secured loans can be given i.e. insecurity of any gold, silver, or any other valuable jewel. • Nidhi Company cannot do any chit fund activity, hire purchase, and lease financial activities. Nidhi Company cannot lend or borrow money from any person other than its members. • It’s not allowed for Nidhi Company to issue preference shares, debentures, or any debt instruments. • Minimum paid-up capital requirement is Rs 5,00,000

For more information Click here

Classification of companies in India - Company Formation India

Discover the classification of companies in India. Explore different types, including private, public, LLP, and more. Learn their unique characteristics. Contact us :- + 91 98101 58561.

Classification of companies in India

Online Company Registration in India, Company Formation in India, Classification of companies in India, Company Incorporation in Delhi. call us at +91-9810158561.

If you're trying to figure out the Classification of companies in India like Limited or Private Limited Company falls under the Companies Act, 1956, we can help. Companies India formalities can be complicated but with the help of a well-established expert like us, you won't have to stress about it. Therefore, you can get in touch with us to learn more.

Seamlessly Establish Your Business: Company Registration in Gurgaon with Company Formation

In the bustling business landscape of Gurgaon, laying the foundation for your enterprise begins with a crucial step: company registration. Whether you're an aspiring entrepreneur or an established business looking to expand your operations, the process of registering your company sets the stage for legitimacy, compliance, and growth. At CompanyFormation, we understand the significance of this milestone and offer comprehensive solutions tailored to simplify the company registration process in Gurgaon. Here's why CompanyFormation stands out as your premier choice for company registration in Gurgaon:

Expert Guidance: With years of experience and a team of seasoned professionals, CompanyFormation brings unparalleled expertise to the table. Our experts possess in-depth knowledge of Indian corporate laws, regulations, and compliance requirements, enabling us to provide expert guidance and support at every stage of the company registration process.

Tailored Solutions: We recognize that every business is unique, with its own set of goals, objectives, and challenges. That's why we take a personalized approach to company registration, offering tailored solutions that align with your specific needs and aspirations. Whether you're a startup, a small business, or a multinational corporation, we have the expertise and resources to support you on your journey.

Comprehensive Services: CompanyFormation offers a comprehensive suite of services designed to simplify the company registration process from start to finish. From initial consultation to post-incorporation compliance, we handle every aspect of company formation, including name reservation, drafting of memorandum and articles of association, obtaining necessary approvals, and obtaining the certificate of incorporation.

Transparency and Efficiency: Transparency and efficiency are at the core of everything we do. We believe in keeping our clients informed and empowered throughout the company registration process, providing regular updates, clear communication, and transparent pricing. Our streamlined approach minimizes bureaucratic hurdles and accelerates the process, allowing you to focus on building and growing your business.

Compliance Assurance: Staying compliant with regulatory requirements is essential for maintaining the legal and financial integrity of your company. CompanyFormation helps clients navigate the complexities of corporate compliance, ensuring adherence to all applicable laws, rules, and regulations. With our proactive approach to compliance, you can minimize potential liabilities and focus on achieving your business goals.

Dedicated Support: We're committed to providing exceptional service and support to our clients. Our dedicated team of professionals is here to answer your questions, address your concerns, and provide expert guidance every step of the way. With personalized attention and responsive support, you can trust CompanyFormation to be your reliable partner in company registration in Gurgaon. In the competitive business landscape of Gurgaon, company registration is the first step towards realizing your entrepreneurial dreams. With CompanyFormation as your trusted partner, you can navigate the complexities of company formation with confidence and clarity. Contact us today to learn more about our company registration services and take the first step toward building a successful and sustainable business in Gurgaon.

Business formation in Gurgaon

We provide services like Company Registration, Incorporation, and Formation in Delhi, and Gurgaon, India. Get the lowest price. Business formation in Gurgaon | Company Formation in Delhi | Company Registration