Nidhi Company
Introduction
A nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.
Documents Required for Nidhi Company Registration
- Address Proof
- Bank Statement
- Driving License
- Residence Card
- Any other Government-issued identity proof having the address
- Passport-sized photographs
- Digital Signature (DSC)
- Director Identification Number (DIN) of directors
- Memorandum of Association of the company (MoA)
- Articles of Association of the company (AoA)
- PAN card: This is necessary for the filing of the financial transactions made by the company. PAN card is also necessary for the taxation process of the company