Activities like Chit Fund, Hire-Purchase Finance, Leasing Finance, Insurance, or Securities Business is strictly prohibited.
This establishes with 7 members as a public limited company, however, to obtain a Nidhi Company Status it needs at least 200 members in a year.
For Nidhi Company Status, the minimum paid-up equity capital required is Rs. 10,00,000 held by at least 200 members.
The name of the company should be unique, and it must not be the same or similar to the name of any existing company or a trademark.
Application process for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two.
For issuance of the certificate, one single application (spice 32) is filed for incorporation of the company with the approval of this, the Certificate is issued.
The application for Nidhi Status is filed when the net worth of the company is over Rupees Ten Lacs and the minimum no. of member is 200.
The name must be unique and Nidhi Company must end with “Nidhi Limited”. It should not be the same or similar to an existing company.
Disclaimer : 1) Class 2 digital signature from eMudhra with 2 year validity along with ePass 2003 token. 2) Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. Onfiling will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company. 3) Upto 4 name options can be given in 1 RUN name approval request. 4) Additional Directors can be added for an additional price of Rs.999 - if DSC & DIN is available. In case no DIN or DSC is available, cost for adding additional Director will be Rs.1999, inclusive of GST. 5) Authorised capital is the amount of shares a company can issue at anytime and can be increased further in the future. Paid-up capital is the amount invested by shareholder and can be even Rs.2. 6) Additional authorised capital can be purchased if required at time of incorporation 7) In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3025 will be applicable.
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