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    Documents for Incorporation of Nidhi company

    Posted By : Kamal / Published on : 12-Jun-2021 02:47 PM / View : 103 / Comment : 1
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    Respected colleagues,

    Can anyone share formats for incorporation of nidhi company
    Read more on : company nidhi incorporation documents

    • Same as Limited Company drafts and one extra Nidhi Company Declaration need to be attached.

      Process of formation of Nidhi company

      The Requirements of formation of Nidhi Company:

      1. Name of the company
      2. 3 Directors
      3. 7 Members
      4. Minimum capital (10,00,000/- INR)
      5. Registered office

      Documents required:

      1. The directors first need their DSC (digital signature certificate)
      2. For this the application of DSC colored photograph, pan card, and residence proof is mandatory
      3. After availing a DSC apply for the Director Identification Number pursuant to section 153 of companies act and rule 9(1) of the companies’ appointment and qualification of directors
      4. For this DIR -3 form has to be filed and the above-mentioned document is required for the application of the Director Identification number too. For all the 3 directors

      After compiling all the steps registrar of companies will issue the certificate of incorporation for INC-11 and the company will be registered with MINISTRY OF AFFAIRS.

      But the while incorporating a Nidhi company the point which should be considered in mind that:

      Every Nidhi shall within a period of one year from the commencement of the rules ensure that it has:

      1.  NOT LESS THAN 200 MEMBERS
      2. NET OWNED FUNDS OF 10,00,000 /-INR  OR MORE
      3. UNENCUMBERED DEPOSITS OF NOT LESS THAN 10%OF OUTSTANDING DEPOSITS ARE SPECIFIED IN RULE 14:
      4. RATIO OF NET OWNED FUNDS TO DEPOSITS OF NOT MORE THAN 1:20

      Point to be a consideration – Within The Incorporation Of One Year From The Date Of Incorporation Of The Nidhi Company It Has To Comply The Above Mentioned Criteria’s If It Is Unable To Comply All Of Such Above Mentioned Conditions Then It May Ask For An Extension From The Central Government But If It Is Not Able To Comply Within Such Period Of Extension It Will Ceases To Be A Nidhi Company.

      15-06-2021 / 06:25:00 AM
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