NIDHI Company is the easiest pretension for to enter into financial market, we incorporate NIDHI Company in Jamtara in less than 15 days time. We also allow after combination return filing and 1 year free consultancy service. We are the experts in engagement and submission of NIDHI Company. Very few firms in Jharkhand are managing NIDHI Companies as providing authentic aid to such company is not everyone’s mug of tea, but we took care of whatever your issue needs in a compliance kind manner.
NIDHI Company is a company incorporated under Companies Act, 2013 like the aspire of cultivating the infatuation of thrift and addition among members. This means that a NIDHI Company can accept deposit and lend money to its members subject to determined restriction as may be imposed on it from times to time.
IS NIDHI COMPANY REQUIRED TO APPLY FOR NBFC LICENSE OR ANY OTHER RBI REGISTRATIONS?
No, NIDHI Company is solely governed by the provisions of Companies Act, 2013 and Nidhi Rules, 2014 and RBI has interference in the energetic of NIDHI Company.
RBI has vide Notification Clarified that NIDHI Companies i.e. a non-banking financial company -notified under section 620A of the Companies Act, 1956 (Act 1 of 1956), as NIDHI Company shall be exempt from the provisions of Chapter III B of the RBI Act, 1934.
RESTRICTIONS ON NIDHI COMPANY?
After Registration NIDHI Company must fulfill subsequently conditions in order to save working:
- Must mount up 200 members within 1 year of its incorporation.
- Must lend allowance and take deposit solitary to/from its members.
- Must not advertise very nearly its services in any heavens what correspondingly ever.
- Must not read office in further district and a maximum of 2 additional offices in the thesame state
WHAT KIND OF DEPOSITS A NIDHI CAN ACCEPT?
A NIDHI can accept following type of deposits
- Fixed Deposit
- Recurring Deposit
- Saving Deposit
Rate of interest on these deposits shall not exceed rate of raptness prescribed by RBI for NBFC companies.
A company shall preserve not less that 10% of the sum deposits in the form of unencumbered term deposit, in the form of Fixed Deposit at any Nationalized Bank or Post Office.
LOAN
A Nishi can lend child maintenance in the form of enhancement only to its members, loans may be against:
- Immovable Property
- Fixed Deposits
- Gold, etc.
Rate of fascination charged upon loan shall not in any war exceed 7.5% of the highest rate of raptness provided by Nidhi on Deposits.
Rate of Interest on Loan shall be calculated by using reducing engagement method.
MEMBERS
Conditions for relationship of a NIDHI Company:
- Member must be an Individual and an Indian Citizen.
- He must subscribe to at least share worth Rs.100/- of the NIDHI Company
- He must follow the terms and conditions as stipulated in his link agreement.
Documents/Information Required for Incorporating a NIDHI Company
Members (Minimum 7)
- A copy of PAN
- A copy of Voter ID or Driving License or Aadhar Card
- Up to date bank passbook or bank encouragement or utility description in the declare of members
- 2 Passport size photograph
- Mobile Number and E mail Id
- For Registered Office
A copy of Electricity Bill or A copy of Gas savings account and Gas Passbook
- Company Name (minimum 4)
The Name of the company ends later the word NIDHI LIMITED