1. Application of DSC and DPIN
DPIN or Director’s PIN Number is issued by the Ministry of Commerce and Affairs- Govt. Of India, and all the partners have to apply for DPIN and digital signature for Nidhi Company.
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.