If you're looking to start a Nidhi Company in Maharashtra, you're on the right path to promote savings and mutual benefit among your community members. Nidhi Companies are a type of non-banking financial institution that primarily serve the interests of their members by accepting deposits and providing loans. Here's a brief overview of the process of Nidhi Company Registration in Maharashtra:
- To form a Nidhi Company, you need at least 7 individuals as shareholders.
- Director Identification Number (DIN): The directors of the company must obtain DINs.
- Digital Signature Certificate (DSC): Directors need DSCs to sign electronic documents.
- Choose a unique name for your Nidhi Company and check its availability with the Ministry of Corporate Affairs (MCA).
- Once the name is approved, it is valid for 20 days. Within this period, you must complete the registration process.
**Incorporation Documents:**
- Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) outlining the company's objectives and rules.
- File these documents with the Registrar of Companies (ROC).
- Nidhi Companies must have a minimum paid-up equity share capital of Rs. 5 lakhs.
- Maintain a registered office in Maharashtra from the date of incorporation.
- Appoint a board of directors with a minimum of three members.
- Ensure that at least one-third of the board members are women.
- Comply with the rules and regulations of the Nidhi Company Rules, 2014.
- Ensure that your company's primary objective is to cultivate the habit of thrift and savings among its members.
- Once the ROC is satisfied with your documents and compliance, they will issue a Certificate of Incorporation.
Remember that Nidhi Companies are regulated by the Ministry of Corporate Affairs and must adhere to the Nidhi Company Rules, 2014. It's advisable to seek professional guidance or legal counsel to ensure compliance with all the necessary regulations during the registration process and ongoing operations of your Nidhi Company in Maharashtra.
Please note that regulations and procedures may change over time, so it's essential to verify the latest requirements and guidelines from the relevant authorities before initiating the Nidhi Limited Registration Maharashtra.