Nidhi Company Registration In Chennai
Nidhi company registration in Chennai is important since it cultivates the habit of saving among its members. We offer our services in Chennai like Villivakkam, Koratur, Guindy, Madhavaram and Mylapore. The word NIDHI stands for National Initiative for Developing and Harnessing Innovations. The Nidhi Company sees the registration under the Companies Act 2013. It has the management as per the RBI guidelines. Nidhi companies are started by the Ministry of Corporate Affairs (MCA) and are affiliated with the same. We have a group of professional experts to assist in all kind of business registration services in Chennai.
Online Nidhi company registration in Chennai is a foremost thing since the formation process is as simple. Only few requirements are needed for the formation of the company. The registration will not be heavy on the director’s pocket. Since all the lending and the financial transactions are performed by the members themselves, the financial risk is lowered by the company. All the Nidhi companies follow the net owned funding system. All the financial transactions should follow only between the shareholders of the company. The Nidhi Company cannot work directly with the public and they can only work with members. It is the first company to start the loan company in India without RBI approval. The Nidhi Company mainly earns through interest on the loans and its expenditure is to pay interest on the received deposits. Nidhi Company registration in Chennai is important since it requires professionals to complete the registration process. There is hundred of Nidhi Companies across the Nation.
What are the documents required for Nidhi Company registration?
PAN of each Director
- PAN of each shareholder
- Photo of each Director
- Photo of each shareholder
- ID proof like driving license and passport
- Address proof like mobile bill or electricity bill
- Registered office address need electricity bill
- If on rent then rent agreement & NOC from the landlord.
Steps involved in registering the Nidhi Company
Gathering all the documents
- Applying for the name approval
- Applying for the Digital Signature
- Preparing all requisite documents
- Filing for the Incorporation
- Following up and the approvall