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 MCA. 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.
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
Once your application is filed you will receive an ARN number. The Incorporation certificate is received within 15-20 days. It is proof that the company has been created also includes your CIN (Company Identification number).
5. Apply For PAN, TAN and Bank Account
After this PAN and TAN needs to be applied for. They are issued within 7-10 working days by tax authorities. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with bank to open your bank account.