Nidhi Company Registration in Chennai
Nidhi company registration in Chennai is now simple through Smart auditor. Our motto is to provide effective service to the applicants and to be the best service provider. We offer our services at affordable cost in Tambaram, West mambalam, Anna nagar, Vandalur, Valasaravakkam, Pallavaram, OMR, etc. We are a reputed and trustable registration consultancy in Chennai.
Online Nidhi company registration is a non-banking finance sector registered under the section 406 of the companies act, 2013. Principle of mutuality is the main objective of the company and Nidhi Company is controlled by the Nidhi rules, 2014 under the central Government of India. It should mention their company as Nidhi limited at the end and the primary objective of the company is lending and depositing the money of shareholders and its members. Approval of RBI is not necessary for the Nidhi Company and there are three directors required to commence the Nidhi Company. For the beginning of one year, members of Nidhi Company should not exceed 200 and every company should regulate under the ministry of corporate affairs.
Documents required for the Nidhi Company registration
- Pan Card Copy of Directors
- Recent Passport size Photo
- Aadhar card
- Electricity bill, latest bank statement
- Registered Office Proof
- No Objection Certificate –NOC will be signed by the owner.
- Digital Signature (DSC)
- Director Identification Number (DIN) of directors
- Memorandum of Association of the company (MoA)
- Article of Association of the company (AoA)
Benefits of Nidhi company Registration
- Simple documentation- Simple and hassle-free documentation process. Nidhi Company registration is done easily through online portal.
- No Compliance to RBI- To form a Nidhi Company, RBI approval is not necessary Less level of Risk- Compared to other finance sector, risk of loan repayment is less.
- In Nidhi Company, the minimal rate of interest is charged
- The funds raised are limited to the availability of the credit and compared to the other finance companies, Nidhi Company is limited.