Registering a Nidhi Company in Madhya Pradesh follows a well-defined process governed by the Ministry of Corporate Affairs. To initiate the registration, you'll need a minimum of 7 individuals who will serve as shareholders. Directors of the company must obtain Director Identification Numbers (DIN) and Digital Signature Certificates (DSCs) for electronic document signing.
Once your team is ready, choose a unique name for your Nidhi Company and verify its availability with the Ministry of Corporate Affairs (MCA). Upon approval, this name remains valid for 20 days. During this period, draft the Memorandum of Association (MOA) and Articles of Association (AOA) outlining your company's objectives and operational rules. Afterward, file these documents with the Registrar of Companies (ROC). To meet regulatory requirements, your Nidhi Company must maintain a minimum paid-up equity share capital of Rs. 20 lakhs and establish a registered office within Madhya Pradesh. Ensure that your board of directors includes a minimum of three members, with at least one-third being women directors. Compliance with the Nidhi Company Rules, 2014, is essential, with the primary focus on inculcating thrift and savings habits among your members. After successful document scrutiny and adherence to regulations, the ROC will issue a Certificate of Incorporation, allowing you to commence operations within one year. Regularly filing annual returns and financial statements ensures continued compliance. Nidhi Companies primarily specialize in accepting deposits from members and providing loans to members, with restrictions on engaging in other forms of business activities. Seeking professional guidance or legal counsel is advisable for a smooth registration process, and it's crucial to stay updated with the latest guidelines from the relevant authorities when embarking on Nidhi Company registration in Madhya Pradesh."
"Nidhi Company Registration Price in Madhya Pradesh: A Cost Overview
Nidhi Registration Madhya Pradesh involves several costs, which can vary depending on various factors. Here's a brief overview of the expenses associated with Nidhi Company registration in Madhya Pradesh:
1. Government Fees: The primary cost in Nidhi Company registration includes government fees for filing various documents with the Registrar of Companies (ROC). These fees can vary based on the authorized share capital of the company.
2. Professional Fees: Many entrepreneurs choose to hire professional services, such as company registration consultants or chartered accountants, to assist with the registration process. The professional fees can vary depending on the complexity of the process and the services provided. Webstar services can provide you
3. Stamp Duty and Notary Charges: Stamp duty is applicable when preparing certain documents like the Memorandum of Association (MOA) and Articles of Association (AOA).
It's important to note that the exact cost of Nidhi Finance Company Registration Madhya Pradesh can differ based on individual circumstances, including the chosen location, the professional services hired, and the company's capital structure. To get an accurate estimate, it's advisable to consult with professionals or company registration experts who can provide a breakdown of the specific costs associated with your unique situation."