Condition Of Nidhi Companies
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- It must have 200 active members within 1 year of establishment
- Net owned funds Nidhi company
- non-banking type of company is known as Nidhi company. It works on borrow or lent money principal. Such types of companies are generally operating in the southern part of the country. These are registered as a public company but as “Nidhi Limited” at the end of its name.
- it deals with chit-fund, hire-purchase, leasing finance, insurance or lending funds to any other members. It can be started with a minimum of 7 persons with 3 persons to be directors of the company.
Document Required For Registration
- proof of place of business(ownership document)
- O.C(no objection certificate)
- identity proof
- address proof
- Photos of members
- pan and Adhar copies
- digital signature
- MOA (memorandum of association)
- AOA(articles of association)
- INC9 forma
- Dir2 Form
these are some of the documents required for the registration of the Nidhi company.
Condition Of Nidhi Companies
- It must have 200 active members within 1 year of establishment
- Net owned funds should be more than or 10 lakhs rupee.
- Unencumbered term deposition must be more than 10%
if the company full fills all the above prescribe nomes then they can file NDH-1 along with the fees Within In 3 months from the ending of the 1st financial year.
