Nidhi Company Registration in Bangalore
Nidhi company registration in Bangalore is executed professionally as per the laws of the government by Smartauditor Consultants. We have expanded our registration services in major areas of bengaluru like Whiefields, Yelahanka, Malleshwaram, Yeshwanthpur and Electronic city. Nidhi Company is also called as non-banking financial company (NBFC) and it is now formed to borrow and lend the money to its members. The aim of the company is to work for the mutual benefits of the members and to develop the habit of savings. The Nidhi Company requires minimum 7 shareholders, minimum capital of 10 lakhs, at least 3 directors and DIN for all directors and it functions as a separate legal entity. Also a Nidhi company can obtain debts and the property on its name.
Registration of Nidhi Company in Bangalore is done as it increases the credibility and it does not require any approval from Reserve bank of India. Getting loan to start a business in India does not need license from RBI. But, the Nidhi Company has to adhere to the guidelines of the RBI and of-course when the loan is given to the members, it is given at the interest rate which is lesser than the market value. The incorporation of the Nidhi Company is easy and it just needs to get registered as public company in MCA. All the functioning and execution variations is smooth and there is perpetual succession. The demise or the departure of any of the shareholders does not affect the progression of the company. Nidhi company registration in Bangalore is done as it increases the credibility in the market and it estimates more reliable when compared to the different institutions. Hence the registration is mandatory.
Documents required for Nidhi Company registration
- Passport sized photographs
- NOC from the landlord
- DSC (Digital Signature certificate)
- Director Identification Number (DIN)
- PAN card
- Address proof like Bank statement, driving license
- Residential proof like telephone bill, Electricity bill
- INC 9
- DIR 2
Steps Involved in the Nidhi Company Registration
- Step 1
The forms like INC 9 and DIR 2 have to be filed.
- Step 2
The Directors and the members begin with KYC part
- Step 3
The registration process requires the Digital signature Certificate
- Step 4
The first step is to select the names
- Step 5
Once the supported documents are submitted then the registration is done.