Nidhi Company Registration in Coimbatore
Nidhi Company can be elaborated as National Initiative for Developing and Harnessing Innovations. We Smart Auditor have been nominated as the best consultant in the city. Our firm has now extended its services in various places like Thudiyalur, Saravanampatti, TVS nagar, Vadavalli and Thadagam. Nidhi is a financial institution which is involved in the depositing and lending of the money to its members. The Nidhi Company registration in Coimbatore is done under the companies Act 2013. All the transactions are carried out by the members of the company alone. The Nidhi Company should have minimum of 200 shareholders. Any of the companies which wish to register as Nidhi Company should have minimum of Rs. 10 lakh of the net-owned funds. Any of the companies which do not have lesser net-owned fund, then it is not eligible to register as Nidhi Company. The formation of the Nidhi Company is a simple process as well as hassle free process with smart auditor consultants.
Nidhi Company registration in Coimbatore is necessary since the companies registered under the Nidhi will be a public company. The registered company should have paid equity share capital of Rs. 5 Lakh. The Nidhi companies do not have to comply with RBI regulations. Hence, this gives the freedom to the company as they can form their own rules for their functioning. This aspect differentiates them from the other NBFC’s. It lowers the financial risk taken by the company since the financial transactions are carried out by the members. It is very easy to track the person who is depositing and borrowing the funds from the company. The Nidhi company registration in Coimbatore is done at an affordable cost. The main objective of the Nidhi Company is to promote the habit of savings among the people which parallely increases the credibility of the Nidhi Company. It promotes savings because savings is an important practice for all the age groups.
Documents required for the Nidhi Company registration
- Passport sized photographs
- NOC from the landlord
- DSC (Digital Signature certificate)
- Director Identification Number (DIN)
- MOA / AOA / PAN card
- Address proof like Bank statement, driving license
- Residential proof like telephone bill, Electricity bill
- INC 9 / DIR 2
Benefits of Nidhi company Registration
- Easy formation
- No RBI regulations
- Low level of risk
- Registration is cost efficient
- Less documentation.