Do you want to start a finance/loan business in India?
Then you are at right stage because Nidhi Company is the most easy and affordable way to start loan/ finance business in India. Nidhi Company registration is the only form of company available to start the loan company in India without RBI approval.
Nidhi company is basically a finance company which can accept deposit from member and lend money to its member further we can say that it can only do business of accepting deposit and lending money to its members only. It cannot deal with the public directly.
It only requires 7 person to start the Nidhi Company. The minimum capital requirement for Nidhi Company registration is Rs.5 lakh.
Nidhi Company can open three branches after three years of working within the district. Further, to open any branch outside the district, the company shall require RD approval. Furthermore, the Nidhi Company cannot work outside the state. Hence, if you want to expand your business to another state, then you will need to register another Nidhi Company.
If you want to register your company then you are just one click away https://www.filingpool.in/
Brief Feature of Nidhi Company :
Documents Required For Nidhi Company Registration
PAN & Photo
PAN & photo for each & every director & shareholder are required.
ID Proof
Aadhar card, Voter ID, Driving license or passport is required for each & every director & shareholder.
Address Proof
Bank statement, Mobile bill, Electricity bill or Landline bill for each & every director & shareholder.
Registered Office
Electricity bill/rent agreement and copy of No objection certificate.
Active Mobile number and Email Id is required for each & every director & shareholder.
After submitting all these documents along with certain other forms to concern authorizes, company gets registered. Normally all these process takes 7 to 14 working days.
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