Nidhi Company Registration in Bangalore
Secure your Nidhi Company registration in Bangalore affordably with Smartcorp, now operating in Bellandur, Yelahanka, Hebbal, Koramangala, and Madiwala. As one of Bangalore's premier legal service providers, our skilled team assists in various legal registrations.
A Nidhi Company with online Nidhi company registration in Bangalore, also known as mutual benefit funds or permanent funds, falls under the NBFC category. Not requiring Reserve Bank of India approval, it's recognized under Section 406 of the Companies Act, 2013. Operating based on the 'Principle of Mutuality,' these firms aim to benefit all members and shareholders.
The primary objective of online Nidhi company registration online is to facilitate fund circulation among its members. Managed by the Ministry of Corporate Affairs, a Nidhi Company requires a minimum of three Directors and seven shareholders to commence incorporation. As per rule 16, the interest rate on loans issued by Nidhi Companies cannot exceed seven and a half percent.
List of Documents Required for Nidhi Company Registration in Bangalore
- Directors' identity proofs - PAN and Aadhaar cards
- Address proof such as mobile or electricity bills
- 3 passport-sized photographs
- Signed Form DIR 2 by the Director
- DIN details & Declaration of DIN are necessary for Nidhi company registration online.
- Application of DSC signed by the shareholder
- INC-9 signed by the shareholder
- Form INC-3 signed by the nominee shareholder
- Registered office address proof
Nidhi Company registration process in Bangalore
- Securing DSC for members and Directors
- Applying for Name Approval
- Drafting Incorporation documents
- Signing Incorporation Documents
- Applying for Nidhi firm Incorporation
- ROC approval follows document verification.
Eligibility for Nidhi Company
- SHAREHOLDERS: Minimum of 200 shareholders
- DIRECTORS: Minimum three individual persons / Maximum 15 directors
- NAME: The Company’s name must include "Nidhi Limited."
- CAPITAL: Company requires a minimum of Rs. 5, 00,000 capital.
- REGISTERED OFFICE: Nidhi Company must have a registered office, changeable to a different location.