1. Application of DSC and DPIN
DPIN and a digital signature are necessary for Nidhi Company and all the partners have to apply for Nidhi Company. DPIN or Director’s PIN Number is issued by Ministry of Commerce and Affairs- Govt. Of India.
2. Name Approval
3 options are needed to be submitted as an 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
MOA and AOA need to be submitted after the approval is granted for the name. 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. 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.