How Can We Apply Online For Nidhi Company Registration In India?

We will be discussing everything basic regarding the Nidhi Company Registration in this article and some really basic steps that you might require to know regarding Nidhi Company in India.

Firstly let’s see What Nidhi Company is?

A Nidhi Company is simply a kind of a company that belongs to the category of a non-banking financial company sector or an NBFC for short. The Nidhi Company Registration comes under the section 406 of the Companies Act of 2013. The very basic and the core business activity of a Nidhi Company is giving and taking money in the form of lending and borrowing. This is done among the members of the Nidhi Company. The Nidhi Company can very easily accept any deposits from its respective members as well as lend them money too.

The reserve bank of India has the power to direct these members in the matters that are relating with the deposits from the members. The rule is that the Nidhi Company cannot accept any deposits from any individuals other than the members of its own.

When planning to start a Nidhi Company and wishing to get one registered, you can reach out to the professionals that will guide you through the documents as well as take the responsibility of smoothly getting you through the whole process. We at Swarit Advisors are the one who has gained notoriety among other online legal service providers.

What Documents do you require to apply for Nidhi Company Registration?

• A digital signature for 3 directors of the Nidhi Company.
• Their director identification numbers (DIN).
• A search for trademark name search and Nidhi Company name approval.
• Memorandum of association and the article of association.
• The fees required by the MCA.
• Nidhi Company’s PAN card copy.

What Are the Advantage of Nidhi Company Registration?

• Limited Liability-The limited Liability is there for the members and the directors of the Nidhi Company. This means that under limited liability, if this company suffers from any kind of financial distress or loss because of the primary activity that’s being carried out, then the members and the directors of the Nidhi Company will not be liable to deal with them beyond the invested capital with no risk to their personal properties and savings. Nothing from their personal assets will be ceased by the government.
• Better Credibility – A Nidhi Company can enjoy better credibility when compared with any other membership based organizations or institutions. Like the trust or co-operative society or certain NGO. Nidhi Companies are under the authority of MCA or the ministry of corporate affairs.
• Less Compliance-The directors of a Nidhi Company can easily be added or removed by filing just a simple form with a regional registrar of the company registration. The activities of the Nidhi Company are controlled by the board of the Nidhi Company.

Nidhi Company Registration Process:

• Get a DSC or digital signature certificate.
• Director identification number for the minimum of 3 directors.
• Name approval for the Nidhi Company Registration online.
• The final incorporation by filing for the form to the registrar of the companies along with a required list of documents. Like the address proofs and declaration of the directors.

Requirements for a Nidhi Company Registration

• PAN Card of all directors and shareholder
• Latest Bank Statement/Telephone or Mobile Bill
• Voter’s ID/Passport/Driver’s License
• Passport-sized photograph of all directors and shareholder
• Scan copy of Signature (signature should same as on PAN Card)
• Scanned copy of Notarized Rental Agreement from the owner of the property in case it’s rented.
• A NOC from the owner of the rented property to start and operate the Nidhi Company.
• For Proposed Registered office (Residential or commercial)
• Any Utility bills
• Minimum 7 shareholders
• Minimum 3 Directors
• Minimum Capital of Rs 5 lacs
• DIN for all directors

Minimum Requirements After The Nidhi Company Registration is Done

• Minimum number of 200 Members ( Within 12 Months )
• A net owned fund must be Rs. 10 Lakh and above
• Unencumbered deposits of not less than 10% of the outstanding deposits
• Net own fund vs deposits of the members should not be more than the ratio of 1:20.

If you want any help from the professionals then reach Swarit Advisors as we have years of experience to give a hassle free service to our customers.

Source url: https://swaritadvisorsindia.wordpress.com/2018/07/06/how-can-we-apply-online-for-nidhi-company-registration-in-india/

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How Can We Apply For Import Export Code Or IEC Registration online?

An IEC code is required for the businesses that are involved in import or export transactions. It avails them with benefits under the schemes like SEIS and the MEIS. I’ll be now simply explain the point and tell you the procedure of IEC Registration in India.

What Are The Documents Required for IEC Registration?

• A copy PAN number, Aadhaar number, voter ID, driving licence of passport.
• Bank account details.
• Copy of a cheque that’s been cancelled by you and has your account details printed on it.
• A copy of recent entry of bank account statement of the applicant.
• A passport sized photo.
• Your office ID along with proof of registered office.
• No objection certificate or NOC from the property owner where the exchange will be commenced. Furthermore copy of utility bills which should not be older than 2 months from the date of application. A notarized copy of your rental agreement with the property owner. Or registry proof and the house tax receipt in case it’s your own property.

What do you need to get to run import export business?

• DSC- A digital signature of the two directors so they can digitally sign the documents.
• IEC registration certificate with IEC number
• Acknowledgement notification slip with the details of payment.

IEC Registration process

Step1 – For IEC code application, one can take the professional help for smooth process. You’ll be assisted in preparation of the application. You must first collect all the documents listed above and arrange them well so as to avoid any possibility of rejection of your IEC Registration application.

Step 2 – This step can take 2 to 3 working days. Once you’ve gathered all the desired documents including copies of your identity proof, address proof, passport size photographs of the respective directors or proprietors or partners. The details of their current accounts, in case you have a private limited company, then you need to submit the memorandum of association and the articles of association along with the certificate of incorporation of your company. In case you have a partnership firm, then you need to submit the partnership deed document. In case you are a certain manufacturer or have an MSME Registration certificate, just submit a copy of the certificate and copy of the company’s letterhead is also required.
Your application is to be filed in the required Aayat Niryaat form number 2A – ANF 2A format. This is to be filed to the regional authority of the foreign trading in that regional registered office where you find it most suitable.

Step 3 –Takes about 3 to 5 working days, it’s the approval by the government. Within these 3 to 5 days, ICE code number will be ready and granted to you after examination of your submissions.
If you find it difficult to follow the procedure that we have shared with you then call on our number or drop us an email we will shortly respond you to resolve your issues. We are the renowned online legal service provider firm known as Swarit Advisors who are constantly available to serve you in the best possible ways. All you have to do is to reach us so that we can help you immediately.

Original Source: https://swaritadvisorsindia.wordpress.com/2018/07/06/how-can-we-apply-for-import-export-code-or-iec-registration-online/

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