Nidhi Registration in Kolkata

Section 406 of the Companies Act 2013 defines a Nidhi company registration in Kolkata as a non-banking micro-finance entity. To operate as such, this type of company must have a minimum of seven members, with at least three of them serving as directors. It is essential to note that the company's name must end with "Nidhi Limited." Nidhi company in Kolkata, India, also known as permanent funds, benefit funds, or Mutual Fund Companies, exclusively engage with their shareholders. Their primary goal is to promote financial prudence and offer members a reliable source of funds. Nidhi companies in Kolkata, India accept deposits and provide loans to their members while ensuring the protection of their interests throughout the entire process.

Becoming a Nidhi company in Kolkata, india offers several advantages, including streamlined incorporation processes, cost-effective registration fees, and exemptions from specific Reserve Bank of India (RBI) regulations. This results in reduced compliance obligations and associated risks. Nidhi companies actively promote savings by providing loans at interest rates lower than prevailing market standards. Moreover, they offer secure investment opportunities for individuals seeking reliable avenues to enhance their financial standing.

Sujata Associates, a prominent legal consultant and partner, excels in facilitating the establishment of Nidhi companies. Our highly skilled professionals will expertly guide and assist you throughout the registration process, ensuring efficient handling of all necessary documentation. We take pride in delivering trustworthy and credible Nidhi company registration services in Kolkata, India, alongside a comprehensive range of other corporate registration services. Rooted in our commitment to excellence, we aim to provide straightforward and efficient procedures, solidifying our position as your preferred choice for initiating a Nidhi company and other corporate entities in Kolkata or anywhere in India.

Nidhi Registration in Kolkata

Why choose us

Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.
We are providing legal business solutions for more than 25 years now. We have gradually built our reputation and now Sujata Associates is one of the leading business registration firms in India.
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We have an entire team of highly skilled Accountants, CAs, Lawyers, Cost Accountants, Ex-Bankers, and Financial Experts. So, we have the exact service you are looking for in your business and Sujata Associates is your one-stop solution for all sorts of your business legalities.
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Sujata Associates is more than business consulting firm. We aim to work side-by-side with our clients while providing all the necessary solutions for the business and its legalities. We are more like your legal partner you would love to have. Sujata Associates never hesitates to go the extra mile or few for their clients.

Documents Required for Nidhi Company formation in Kolkata, India.

  • Pan Card of the Directors / Shareholders
  • Aadhaar Card / Voter Card / Passport of Directors / Shareholders
  • Individual copies of photo
  • Bank Statement First & Current Month Transaction Page of Directors / Shareholders
  • If rented then the Rent Agreement.
  • If Owned Tax Bill of the Premises
  • Electric Bill of the Premises.
  • NOC From the landlord, if rented

  • Un-encumbered term deposits. Every Nidhi shall invest and continue to keep invested, in unencumbered term deposits with a Scheduled commercial bank (other than a co-operative bank or a regional rural bank), or post office deposits in its own name an amount which shall not be less than ten percent of the deposits outstanding at the close of business on the last working day of the second preceding month.

    If the failure to comply with these rules, Nidhi shall not accept any further deposits from the commencement of the second financial year till it complies with the provisions contained in this rule, besides being liable for penal consequences as provided in the Act.

    Essential Registration