Best Nidhi Company Registration Consultant in India. Checkout Nidhi Company Registration Process, Nidhi Company Registration Fees, Cost of Nidhi Incorporation.
Nidhi Company Compliance
Nidhi Company is a type of Non-Banking Financial Company and also known as NBFC. Like any other company, Nidhi Company also needs to file a few annual compliances and it is famously known as Nidhi Company Compliances . The legal compliances associated with Nidhi Company are prescribed in Nidhi Rules 2014 and the Companies Act 2013. Nidhi Company is the perfect type of company for those who want to start a business with minimum capital investment. As per the provisions of Section 406(1) of the Companies Act, 2013, the Nidhi Company as 'A company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members just for their mutual benefit.”
What is ROC Compliance?
ROC stands for Registrar of Companies which is an office under the Indian Ministry of corporate affairs that deals with the administration of the businesses Act, 2013. ROC has been appointed under section 609 of the businesses act covering the varied States and Union Territories are vested with the first duty of registering companies and LLPs floating within the respective states and therefore the Union Territories and ensuring that such companies and LLPs suits statutory requirements under the act. The office of ROC functions as registry records, associated with the businesses registered with them, which are available for inspection by members of the general public on payment of the prescribed fee. Moreover, there are currently 22 Registrars of companies (ROC) operating from offices in all major states of India.
Besides, the central government exercises administrative control over these offices through the respective Regional Directors. It is important to comply with all compliances applicable to your company to avoid penalties and fines.
Our kanakkupillai team will guide you through all these compliances required to be completed since the incorporation. You can get your ROC Compliance for Private Limited Companies done through kanakkupillai.
Advantages of Nidhi Company Registration
Easy to Form the Company
With 7 persons during which 3 of them are going to be appointed as Director can start a Nidhi Company
Easy registration process
Just 10-15 days needed to register
Cost-Efficient Registration
With Rs 5,00,000 because the minimum capital investment, Nidhi Company Registration Process are often started. Additionally, the company also offers the chance to invest the capital within 60 days of time once the registration process is done.
High Level of Certainty In Nidhi Company
The primary aim of Nidhi Company is to promote the habit of savings among its partners. Thus, Nidhi Company can be considered as a long-term investment as its partners will not stop the habit of saving anytime.
No RBI Regulations
As the Nidhi Company comes under the criteria of NBFC there is no need for any approval from RBI. The rules of Nidhi Rules, 2014 are drafted for such companies to control their business activities and dealing operations.
Low Level of Risk
The risk level involved in the process of Nidhi Company registration is minimal as its nature of having deposit and giving loans to its partners as per the Nidhi Rules 2014. It is a secured and trustworthy way of providing loans to its members at a very less interest rate.
Documents Required for Nidhi Company Compliances
- Memorandum of Association
- Articles of Association
- DSC and DIN of Directors
- Incorporation Certificate
Mandatory Compliances of Nidhi Company
Form AOC-4: For filing financial statements and other supporting documents to the Registrar of Companies.
Form MGT-7: For filing Annual Return and other documents by Companies to the Registrar of Companies.
Form NDH-1: Within 90 days from the close of the Financial Year duly certified by a practicing professional.
Form NDH-3: Within 30 days from the conclusion of each half-year duly certified by practicing professional.
Procedure to file ROC Compliance
Complete our Simple Form
You are required to fill in details in our simple questionnaire and submit documents.
Submit the Documents
Submit all the required information & documents and we shall take care of the rest.
Verification of Documents
All the required documents, returns, forms are prepared and verified.
We shall file the forms.
We File various forms & returns required with the ROC and update all your records.
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