Digital Signature Of Director - Step - 1
As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two.
Name Approval Of Company - Step - 2
The name of Nidhi Company must end with “Nidhi Limited” and must be unique and should not be the same or similar to an existing company.
Filling For Incorporation - Step - 3
One single application (spice 32) is filed for incorporation of the company. with the approval of this, the Certificate is Issued.
Obtaining The Nidhi Company Status - Step - 4
The application for Nidhi Status is filed when the net worth of the company is over Rupees Ten lacs and the minimum no. of members are 200.
Activities like Chit Fund, Hire-Purchase Finance, Leasing Finance, Insurance or Securities Business is strictly prohibited.
Number of Members
It starts with 7 members as a public limited company, however, to obtain a Nidhi Company Status it needs at least 200 members in a year.
The minimum paid-up equity capital required for Nidhi Company Status is Rs. 10,00,000 help by at least 200 members.
Name of the company should be unique, and it must not be the same or similar to the name of any existing company or a trademark.