Nidhi Company Registration

The fund is a company registered under the Company Companies Act, 2013, which is the sole purpose of saving and saving habit among its members. Fund companies are allowed to get their members deposited and lend to their members. Therefore, the funds contributed to the fund company are only from its members (shareholders) and only funds are used by the company’s shareholders.

The fund company is a class of NBFC and the RBI has the right to issue guidelines in respect to their deposit acceptance activities. However, acknowledging the fact that these funds are treated only with their shareholding members, RBI has given the notified the main provisions of RBI Act and other instructions applicable to NBFC. Therefore, the fund company is a perfect unit for depositing and lending to a specific group of people.

Read Before Incorporating Company

Incorporation Process

The fund company has been created to create a habit of saving among its members. In this article, we incorporate rules governing the fund company in India.

Requirements

Process for registering company fund The fund allows the company to lend and make deposits among the members. eMindsCA.com can help a register company Nidhi.

Necessary Documents

List of documents required for company registration in India. Documents required for shareholder in Indian or foreign directors, registered office and company.

NBFC Registration

Brief information about the rules that govern an NBFC registration and its operation.

NBFC License

Companies involved in financial activity require a NBFC license. The need to obtain NBFC license in India and the process has been deeply covered.

Compliance

In this article on Private Limited Company Compliance, we review the legal and regulatory compliance that a private limited company should comply in India.

BASIC

all inclusive fees

Rs.34000
  • 8 Class 2 Digital Signatures
  • 3 Director Identification Numbers
  • 1 RUN Name Approval
  • Upto 10 Lakhs Authorized Capital
  • Incorporation Fee
  • Stamp Duty 4
  • Incorporation Certificate
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
STANDARD

all inclusive fees

Rs.49000
  • 8 Class 2 Digital Signatures
  • 3 Director Identification Numbers
  • 1 RUN Name Approval
  • Upto 10 Lakhs Authorized Capital
  • Incorporation Fee
  • Stamp Duty 4
  • Incorporation Certificate
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
  • Share Allotment for upto 200 shareholders
PREMIUM

all inclusive fees

Rs.60000
  • 8 Class 2 Digital Signatures
  • 3 Director Identification Numbers
  • 1 RUN Name Approval
  • Upto 10 Lakhs Authorized Capital
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
  • Share Allotment for upto 200 shareholders
  • Trademark Registration

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How many people are required to register a fund company?

In order to register the fund company in India, a minimum of 3 directors and 7 shareholders are required.

What are the requirements for being a Director?

Director’s age should be more than 18 years old and should be a natural person.

Is the office necessary to start a fund company?

In India, an address where the registered office of the company will be located is required. The premises can be a commercial/industrial/ residential where communication from MCA will be received.

Do I have to be present in the person to join fund company?

No, you will not have to appear in our office for registration of the fund company or attend any office. All documents can be scanned and sent to our office via email. Some documents will also have to be delivered to our office.

What is a digital signature certificate?

A digital signature establishes the identity of the sender or signatory electronically while entering the documents through the Internet. The Ministry of Corporate Affairs (MCA) says that the directors have signed some application documents using their digital signature. Therefore, a digital signature is required for all directors of the proposed fund company.

What are the documents required for registration?

Identity proof and proof of address are mandatory for all the proposed directors of the fund company. PAN card is compulsory for Indian citizens. Apart from this, the landlord of registered office premises will have to issue a no-objection certificate for having a registered office in their office and submit their identity proof and address proof.

How long will it take to include the fund company?

eMindsCA.com can include the fund company for 20-30 days. The time taken for registration will depend on the submission of documents related to the speed of the customer and government approvals. To ensure prompt registration, please choose a unique name for your company and make sure that you have all the necessary documents before starting the registration process.

How long is the registration of a company valid?

Once the fund company is involved, it will remain active and in existence until the annual compliance is completed regularly. There should be a minimum of 200 holders in a fund company and follow the other criteria within one year of incorporation. In case, annual compliance is not followed, funds will be asked to return the deposit amount to the company.

What is the Director Identification Number (DIN)?

The Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a company. It is mandatory for all current or proposed directors to have a Director Identification Number. The director’s identification number never ends, and a person may have only one Director Identification Number.

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