- Registration can be within 10-15 Days.
- Registration with the Ministry of Corporate Affairs, Government of India.
- Regular assistance of CA & CS;
- A minimum of 7 members are required to start a Nidhi company where 3 will be appointed as directors.
- It can be formed as a Private limited company.
- Less documentation to do.
- The simple registration process with less compliance.
- Less risky and helpful for its members for lending loans.
- The promoter will be Director/ Managing Director;
- A set process of Company Management;
- The same person can become Director and Shareholder both;
Documents required:
- Copy of PAN;
- Copy of Election ID or Driving Licence;
- Copy of AADHAR;
- One Passport Size photograph;
- Copy of Bank Statement 1st page and Last page for not more than two months older;
- Copy of electricity bill for registered office address.
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