01
Eligibility Requirements: Ensure you meet the minimum criteria
At least 7 shareholders and 3 directors. Minimum paid-up share capital of Rs. 10 lakhs.
A unique company name ending with "Nidhi Limited." A registered business address in India.
02
Document Preparation: Gather the necessary documents such as: Director Identification Numbers (DINs) and PAN cards. Proof of identity and address for directors and members. Memorandum of Association (MoA) outlining the company's objectives. Articles of Association (AoA) detailing internal governance rules. Proof of registered office address.
03
SPICe+ Form Filing:
Access the Ministry of Corporate Affairs (MCA) portal and electronically file the SPICe+ form. Attach all required documents mentioned above in the form. Pay the prescribed filing fees.
04
Name Approval:
After submitting the SPICe+ form, wait for the MCA to approve your proposed company name. This usually takes a few days, and you'll be notified of the decision electronically.
05
Certificate of Incorporation Once your name is approved, the MCA will issue your Certificate of Incorporation, officially registering your Nidhi company.
06
Nidhi Company License
Within 120 days of receiving the Certificate of Incorporation, you must apply for the Nidhi company license from the Reserve Bank of India (RBI). This involves submitting Form NDH-4 to the RBI along with relevant documents.
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