Title: Incorporation Procedure of Nidhi Company
1Incorporation Procedure of Nidhi Company
2Introduction
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
3Documents 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
4Minimum 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
5CONTACT INFORMATION
info_at_quickcompany.in 011-395-95858 www.quickcomp
any.in