Nidhi Company Registration in Bengaluru
Ideal for lending and borrowing amongst members
Starting At Rs. 22,999 Onwards
SAVE 60% COST…!!!
(Takes 30-40 days)
What is a Nidhi Company?
Nidhi Company does not require any RBI ( Reserve bank of India) and is one of the category of NBFC (Non Banking Financial Company). Nidhi Company registration is an easy type as compared to other types of finance companies like NBFC. A Nidhi Company can be started with a initial capital of Rs.5 lakh and require atleast seven people to start with. Nidhi Company registration also require three directors initially. Every promoter or director shall need a copy of PAN card, ID proof and address proof to apply for Nidhi Company in Bengaluru. It takes around 15 to 20 days to get Nidhi Company registration in Bengaluru.
Nidhi Company Registration in Bengaluru
Popularly known as the Silicon Valley and the destination to 5 of the 8 unicorns of India’s. Bengaluru is the best destination at the present for all the start-ups. Entrepreneurship in Bengaluru is the most attractive one because of the infrastructure. Also the eco-system that has the talent, investors, research and development, huge competition and of course, the excellent weather condition.
Today the IT sector of India isworth approx. $ 146 billion, all the grants for this to Bengaluru. This is because Bengaluru is the destination to the IT giants like Wipro, Infosys etc.
The city is located in the south and represents the technological face of India.
With Bengaluru being the hub of all startups Nidhi Companies Registered in Bengaluru can cater to the funding needs of budding entrepreneurs to start their dream projects in Bengaluru. By outsourcing Nidhi Company Registration in Bengaluru to us you can focus on the core business activities and nurture your business.
Our office being located in Bengaluru we provide Nidhi Company Registration in Bengaluru to ROC compliances, tax fillings and Bookkeeping in Bengaluru. Our team consist of attorneys, Chartered Accountants, Company Secretaries with years of experience who are passionate about their work. We believe in simplifying this journey for you. All you have to do is fill a simple form and we take care of the rest.
Why choose us for Nidhi Company Registration in Bengaluru?
When you choose us for Nidhi Company Registration in Bengaluru we promise undivided attention to you. Our team of experts ensures that your work is carried out with accuracy and detail. Our CRM system is designed in a way to provide tracking to each client about their work status and hence ensures quick completion of tasks. Our experienced support staff will help you at every stage of your work and advise you wherever needed.
Choose Nidhi Company because:
- No External Involvement in Management
- Helpful for Lower and Middle Classes
- Low Rates of Interest
- Secured Investments
- Minimum Documentation and Formalities
Steps to Nidhi Company Registration in Bengaluru
1. Application of DSC and DPIN
All the partners have to apply for DPIN and digital signature for Nidhi Company. DPIN or Director’s PIN Number is issued by the Ministry of Commerce and Affairs- Govt. Of India. If all the directors already have their DPIN and DSC, they can skip this step.
2. Name Approval
You have to submit 3 option for the name of your Nidhi Company to the MCA out of which one will be selected. Names provided should be Unique and Innocent.
3. MOA and AOA Submission
After the name approval, one needs to submit the MOA and AOA. Both MOA and AOA are filed with the MCA with the subscription statement.
4. Get Incorporation Certificate
It typically takes 15- 25 days to form a Nidhi company and get the incorporation certificate. Incorporation certification is proof that the company has been created. It also includes your CIN number.
5. Apply For PAN, TAN and Bank Account
Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with bank to open your bank account.
Minimum Requirements for Nidhi Company Registration in Bengaluru
| Before Incorporation | After Incorporation |
|---|---|
| Minimum 7 shareholders | Members not less than 200, |
| Minimum 3 Directors | Net Owned Funds of ten lakh rupees or more, |
| Minimum Capital of Rs. 10 lacs | Unencumbered term deposit of not less than 10 per cent of the outstanding deposits as specified in rule 14, |
| DIN for all directors | The ratio of Net Owned Funds to deposits of not more than 1:20. |
Documents Required For Nidhi Company Registration in Bengaluru
- Copy of Director’s PAN Card
- Passport size photograph of Directors
- Copy of Aadhaar Card/ Voter identity card of directors
- Copy of Rent agreement(If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided)
Advantages of Nidhi Company
- No Minimum Share Capital is Require
- Tax Benefits
- Easy Transfer of Ownership
- No need to use “Nidhi” or “Limited” title
- No need to use “Nidhi” or “Limited” title
- Clear Objectives for easy donations and loans
- Easy to Manage
- Exemptions and Privileges under Companies Act, 2013
- Relaxation in Compliances
