Establishing a Nidhi Company in Rajasthan follows a regulated process to promote thrift and mutual financial cooperation among members. For Nidhi Registration Rajasthan, need to gather a minimum of 7 individuals who will serve as shareholders and ensure that all directors acquire Director Identification Numbers (DIN) and Digital Signature Certificates (DSCs) for electronic documentation.
After assembling your team, choose a unique name for your Nidhi Company and verify its availability with the Ministry of Corporate Affairs (MCA). Once approved, 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 guidelines. Subsequently, 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 Rajasthan. When forming a board of directors, appoint at least three members, with at least one-third being women directors. Compliance with the Nidhi Company Rules, 2014, is essential, with a primary focus on inculcating thrift and savings habits among your members.
Upon 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 limitations on engaging in other forms of business activities. Seeking professional guidance or legal counsel is advisable for a smooth and Low Price Nidhi Company Registration in Rajasthan process, and it's crucial to stay updated with the latest guidelines from the relevant authorities when embarking on Nidhi Company registration in Rajasthan.