Nidhi companies, which fall under the category of non-banking financial institutions, play a crucial role in fostering a culture of thrift and savings among its members. They are primarily formed to cultivate the habit of saving and mutual benefit amongst its members. If you're considering starting a Nidhi company registration, it's essential to be aware of the required documentation for successful registration.
1. Identity and Address Proof
The promoters and directors of the Nidhi company must provide their identity and address proofs. This could be in the form of Aadhar card, passport, voter ID, or driver's license. Additionally, they need to submit their latest passport-sized photographs.
2. PAN Card
A copy of the Permanent Account Number (PAN) card is mandatory for all the directors and shareholders of the Nidhi company. This is a crucial document for tax-related transactions.
3. Proof of Registered Office
A valid address proof of the registered office of the Nidhi company is essential. This could be a utility bill, rent agreement, or a no-objection certificate from the landlord.
4. Memorandum of Association (MOA) and Articles of Association (AOA)
MOA and AOA are vital documents that outline the objectives and rules of the Nidhi company. They need to be drafted and submitted during the registration process.
5. Declaration of Compliance
The promoters and directors must sign a declaration of compliance stating that all the requirements of the Nidhi rules have been complied with. This is a crucial document for legal compliance.
6. Declaration of Non-acceptance of Deposits
A declaration stating that the Nidhi company will not accept deposits exceeding a certain limit as prescribed by the government should be submitted.
7. Appointment of Statutory Auditors
The Nidhi company must appoint its first auditors within 30 days of incorporation, and a resolution to this effect should be submitted.
8. Financial Statements
The financial statements of the last three years need to be submitted along with the application for registration. These statements should be audited by a chartered accountant.
9. Form NDH-4
Form NDH-4 is a return of statutory compliances that needs to be filed within 60 days from the close of the first financial year after the Nidhi company's incorporation.
10. Other Relevant Documents
Depending on the specific requirements of your online nidhi company registration, additional documents may be required. These could include licenses, permissions, or certificates as mandated by the regulatory authorities.
In conclusion, gathering and preparing the necessary documents is a crucial step towards the successful registration of a Nidhi company. It's advisable to seek professional guidance from a chartered accountant or a legal advisor to ensure that all the required documents are in order.