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Nidhi Company Registration in Coimbatore

Nidhi company registration in Coimbatore offers security and loans to its members for mutual benefits. Smartcorp, with skilled experts, facilitates Nidhi company registrations across Singanallur, Ondipudur, Sulur, Annur, and Saravanampatti, boasting over 10 years of legal registration expertise. Nidhi company registration allows greater freedom regarding annual compliances and taxation, governed by Section 406 of the Companies Act, 2013.

Online Nidhi company registration in Coimbatore doesn't mandate RBI approval, simplifying the process compared to NBFCs. It involves fewer stringent norms and can be executed via an online portal. Following setup, the company engages in lending operations among its members, offering loans with mutually agreed interest rates. Profits increase as the capital multiplied by interest benefits shareholders. Nidhi companies thrive as self-sustaining firms, successful in their operations.

Documents required for Nidhi company registration

  • Recent passport-sized photos
  • Copies of Directors' PAN and Aadhaar cards
  • Recent electricity bill and bank statement
  • Proof of Registered Office
  • No Objection Certificate (NOC)
  • Digital Signature (DSC) is necessary for Nidhi company registration online.
  • Director Identification Number (DIN) of directors
  • Company's Memorandum of Association (MoA)
  • Company's Articles of Association (AoA)

Benefits of Nidhi company registration

  • Nidhi company registration in Coimbatore encourages saving and prudent fund investment among the entire company.
  • RBI involvement is minimal, exempting it from the stringent rules faced by other companies.
  • It ensures more security as fund transfers occur within the community.
  • Non-payment of loans doesn't lead to significant issues compared to the banking sector.
  • Nidhi company registration online is a straightforward process without complexities.

Eligibility for Nidhi Company

For a Nidhi company registration process:

  • Shareholders must be a minimum of 200.
  • Directors should range from a minimum of three individuals to a maximum of 15.
  • The company name must include "Nidhi Limited."
  • A minimum capital of Rs. 5, 00,000/- is required.
  • The Nidhi Company must maintain a registered office, which can be relocated.