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Nidhi Company

In Hindi, the word “Nidhi”, this implies Finance or Subsidize.
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Nidhi Company Registration

In Hindi, the word “Nidhi”, this implies Finance or Subsidize. Nidhi implies an organization that has been fused with the protest of building up the propensity for thrift and hold reserves among its individuals.

Nidhi organization enlistment requires at least 3 individuals. All the Nidhi organizations joined should have the last word as “Nidhi Limited” as a feature of its name. It is simple and practical to enlist. Nidhi organization enrollment should be possible through Tradenfill in Delhi NCR, Mumbai, Bengaluru, Chennai, and other Indian urban areas. It won’t issue the inclination share. On the off chance that inclination shares have just been issued by a Nidhi Company before the start of this Act, such inclination shares are to be reclaimed as per the terms of issue of such offers. Nidhi Company Registration is done through Tradenfill.

There are mainly the reasons because of which you should register.

→ No External Involvement in Management.

→ Helpful for Lower and Middle Classes.

→ Low Rates of Interest.

→ Secured Investments.

→ Minimum Documentation and Formalities.

There are many of the benefits of the registration of Nidhi Company:

→ There is no requirement of minimum share capital.

→ Easy transfer of ownership & Tax benefits.

→ No need to use “Nidhi” or “Limited” title.

→ Clear objectives for easy donations and loans.

→ Easy to manage with No stamp duty.

→ Exemptions and Privileges under Companies Act, 2013.

→ Relaxation in Compliance’s.

Documents Required for Registration:

→ Copy of Director’s PAN Card.

→ Passport Size Photos of Directors.

→ Copy of Aadhar Card and Voter Id Card of Directors.

→ Copy of Rent Agreement (if your property is rented properly).

→ Electricity / Water Bill of the Office.

→ Landlord NOC (Format will be provided).

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