Requirement to Apply for Name Availability:
Six Proposed name with significance of Name Authorized Capital- Minimum 5 Lacs Jurisdicon of Registrar of Companies. Main Object to be pursued by Company
Requirement to Apply for Incorporaon of Nidhi Company:
Registered office address of Company. Recent Address proof with NOC from Owner. Consent from all Directors Affidavit and declaraon from all directors and subscribers.
TIME PERIOD: Time Required for Incorporaon of Nidhi Company Shall be 20-30 days, depending on government approval.
POST-REGISTRATION REQUIREMENTS FOR A NIDHI COMPANY : There are certain Compliances which Nidhi Company has to do aer incorporaon of Nidhi Company. Every Nidhi Company shall, within a period of one year from Incorporaon of the company, ensure that it has Not Less than 200 Members: Aer incorporaon, a Nidhi company must add at least 200 members to comply with this requirement of law. Further, it has to maintain this during the course of me. If the total members falls less than 200 at any me thereaer, it will leave the company at default. However, if the company is not able to reach the limit of 200 members, then you must apply for me within 30 days of closure of financial year in Form NDH-2 with Regional Director. Net Owned Fund: Net owned funds shall be Rs.10,00,000/- or more (‘Net owned funds’ means the aggregate of paid up equity share capital and free reserved as reduced by the accumulated and intangible assets appearing in the last audited balance sheet). Ratio: Ratio of net owned funds to deposit shall be not more than 1:20. This ratio is very easy to understand. Suppose, if you have net owned funds of 10 lakh, then your total deposit limit would be INR 2 Crore. Deposit: Unencumbered term deposits of not less than 10% of the outstanding deposits as specified in Rule 14. Members restricon: