nidhi company registration process

KYC of all the Directors and Shareholders:
Minimum 3 directors and 7 members are wanted. Same individuals can be both members and directors. Without DIN numbers, maximum 3 members can be directors at the time of incorporation of the company.
Digital Signature
DSC (Digital Signature) is a fundamental need for initiating the Nidhi Company Registration Process. All the forms are submitted must be self-attested. Required details :.
1)Email ID and Mobile number
2)PAN and Aadhaar
Approval of Name
The recommended names of Nidhi Company must be distinctive and should not match the names of already registered companies. The name can be reserved with Reserve Unique Name (RUN) form.

Documentation
Next digital signature and name approval, we will draft all the directors' and shareholders' declarations sheets for their approval, articles of association, memorandum of association and subscription sheet.

Final Incorporation (MoA and AoA)
After approval of name procedure is completed, the application for Nidhi Company Registration forms must be submitted through SPICe Form. The application should accompany Memorandum of Association (MoA) and Articles of Association (AoA) of Nidhi Company. Once correct inspection of the application is completed, COI is issued. .

PAN and TAN
PAN and TAN applications will be done with Nidhi Company Registration in INDIA.

Some Points to remember before starting a Nidhi Company in India
a. Not below than 200 members
b. Net owned funds of Rs 10 lakhs or more
c. Unencumbered deposits of not below than 10% of the vital deposits as specified in Rule 14
d.The ratio of net owned fund to deposits of not more than 1:20
Advantages of Nidhi Company Registration Online
a. Nidhi Company is outside the glance of Reserve Bank of India. It does not necessary RBI's license for managing a loan business in India
b. The Ministry of Corporate Affairs has done away with the at least Paid up capital need of Rs. 5 Lakhs for Nidhis.
c. They just have to incorporate themselves as a public company with the MCA, infuse the required amount of capital as per Nidhi Rules, 2014 and they are all set to go
d.The small savings of the members donate to the funds of and avail credit from Nidhi companies.
e. The loans given to the members are at a lower rate of interest than the market rate
f.The outsider is not allowed to intervene in the working of the Nidhis