" Nidhi Company Registration Procedure Uttar Pradesh is a straightforward yet regulated process that promotes the culture of savings and financial cooperation among community members. To initiate the registration, a minimum of seven members is required as shareholders. Directors must obtain Director Identification Numbers (DIN) and Digital Signature Certificates (DSCs) for electronic documentation. After selecting a unique name and verifying its availability with the Ministry of Corporate Affairs (MCA), you'll need to prepare the Memorandum of Association (MOA) and Articles of Association (AOA) outlining your company's objectives and rules. The company must maintain a minimum paid-up equity share capital of Rs. 20 lakhs, maintain a registered office in Uttar Pradesh, and appoint a board of directors with a minimum of three members, including at least one-third women directors. Compliance with the Nidhi Company Rules, 2014, is essential, with the primary focus on promoting thrift and savings habits among members."
"Upon successful scrutiny of documents and compliance with regulations, the Registrar of Companies (ROC) will issue a Certificate of Incorporation. Subsequently, you have one year to commence your Nidhi Company's operations. It's crucial to file annual returns and financial statements with the ROC to ensure ongoing compliance. Nidhi Companies are dedicated to facilitating deposits from members and providing loans to members, with restrictions on engaging in other business activities. Seeking professional guidance or legal counsel is advisable to navigate the registration process accurately and stay up-to-date with the latest regulatory requirements. Regulations may evolve, so always verify the most recent guidelines from the relevant authorities when embarking on Nidhi Company registration in Uttar Pradesh."