Requirements of Nidhi Company registration in Jaipur India

Requirements of Nidhi Company registration in Jaipur India

• Nidhi Company Registration
• July 23, 2022

Requirements of Nidhi Company – Register a Nidhi Company in Jaipur & India !!

Following are the requirements of Nidhi company:

• It shall be incorporated as a Public Limited Company.

• There should be a minimum of 7 shareholders, 3 directors, and Rs.10,00,000 Capital (Equity).

• The objective should remain the same i.e. lending-borrowing among the members.

• It should have the last word “Nidhi Limited” as part of its name.

• It should have no less than two hundred members.

• Net Owned Funds should be more than Rs. 10 Lakhs or more.

• Unencumbered term deposits of not less than ten percent of the outstanding deposits.

• The ratio of Net Owned Funds to deposits of not more than 1:20.

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