Nidhi Company Registration Rs. 13,999/- only Register Company anywhere in India We At Fincosolution Is Always There To Help You ! Our company is committed to providing customers with outstanding service. We've been offering software services and company registration services for a very long time. We have developed into a highly competent team of experts. Our consulting team is here to help you at all times. About Finco Solutions The company TAXHINT Advisors Private Limited, which specialises in dealing with fintech solutions and financing provider businesses, is known by the brand name Finco Solutions. Finco's team of knowledgeable and experienced employees offers specialised services. Our team consists of lawyers, retired RBI managers, CAs, CSs, and CSs with more than 20 years of experience. Our Team We have consulting professionals available at all times to assist you and walk you through the registration process. With more than 60 individuals, including CS, CA, lawyers, and IT experts, Fincosolution is a fantastic team. Our Core values Our fundamental principle is to completely support all of our clients in meeting all company needs for compliance and registration. Our Strength One of our strengths is our capacity to provide a comprehensive solution for all fintech needs. We go out of our way to satisfy each and every one of our customers. We Do Things Differently We Turn Ideas Into Success At finco solutions, we will help you to turn your ideas into reality. We will help you to convert your ambitions into reality. Fincosolution offers reducing technology-using Fintech and landing enterprises a comprehensive solution. In this industry, we have 12 years of experience. We always have consultation experts on hand to help you and guide you through the registration process. Nidhi business registration has a superb team of over 60 people, including CS, CA, lawyers, and IT specialists. CONTACT US NOW Grow with Us : Start Your Business Today At Finco Solutions, We are providing specialised consulting services that will help you to grow, manage your business. You can focus on the core area of your business. MULTISTATE SOCIETY RAGISTRATION ₨ 3,00,000 In just 3 Months 100% Online Register Your Business Anywhere in India Dedicated CA/CS Available Know More NIDHI COMPANY REGISTRATION ₨ 13,999 In Just 15 days 100% Online Register Your Business Anywhere in India Dedicated CA/CS Available Know More MICROFINANCE COMPANY REGISTRATION ₨ 1,25,000 In just 2 Months 100% Online Register Your Business Anywhere in India Dedicated CA/CA Available Know More Client Testimonials What our client says about Us : Our clients are our strengths. Their feedback is very important for us. NSM MOTORS BAJAJ 2022-10-14 Got software service from him. Its a excellent working experience. staff is very polite and educated. I must suggest suggest everyone to take service from them only. kajal thakur 2022-10-03 Good work is done here regarding software, registration, compliance and Kalpna mam so caring for our clients sakshi sakshi 2022-10-03 It was a great experience to work with onick experts. staff was very polite, responsive, and professional, overall I am very happy to work with onick experts and also willing to work with them. Thanks a lot to onick experts Ruby Dubey 2022-10-03 Excellent services, supportive team, rajput priya 2022-09-24 Excellent followup and ownership of onick experts. Team is very polite or highly qualified. Amazing software they are provided. Radhika chawla 2022-09-17 Thank you for helping in registration of nbfc company. Right guidance. Thanks taxhint, thank onickexperts. Doing great job. Finding a genuine and qualified consultant is difficult these days when everyone is running about money. Recommended services. 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Nidhi Company is similar to NBFC but the only basic difference between the two is that Nidhi Companies accept deposits only from its members. The main aim of these companies is to work for the mutual benefit of its members. These companies are not entitled to carry on the business of Hire Purchase Financing, Insurance, Chit Funds and Acquisition of securities or Issue of any Debt Instruments. What is Minimum Number of Member required for nidhi company Registration? A minimum of three directors and seven shareholders are needed for incorporating a Nidhi Company. Can a Minor Become the member or Director od Nidhi Company? No, a minor is not allowed to become director of a Nidhi Company. Only a person who is a minimum of 18 years old can become the Director of a Nidhi Company. What is Maximum Number of Member can be in Nidhi Company? No, there is no upper limit prescribed for the maximum number of members. However, it is mandatory for a Nidhi Company must have a minimum of two hundred members by the end of the 1st financial year. Can a Nidhi Company do microfinance business? No, Nidhi Company is not allowed to do microfinance business in India. These are because micro finance is a completely different set of business for an NBFC and require more capital to do the same. Hence, Nidhi Company cannot engage itself into micro finance business. Further, since Nidhi Company raise fund from deposits and hence, if it passes the same to member without any security, then there will be great chances of customer default which will ultimately results into bankruptcy of the Nidhi Company. How many branches a Nidhi Company can open? A Nidhi Company can open up to 3 branches after three years of continuous profit running of the business. Further, these three branches can be opened within the district only. Further, to open any branch outside the district, you will require the Regional Director (RD) permission. Also, a Nidhi Company cannot open a branch outside the state. Are the Deposits with Nidhi Company safe and secured? Yes, the Deposits with such companies are safe and secure because the Ministry of Corporate Affairs and Reserve Bank of India has framed rules and regulations to ensure the safety and security of Deposits. And the Nidhi Company compulsorily abide by the rules of Central Government. On what condition Nidhi Company can provide a loan to its members? Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewelry or any type of financial securities against the loan. Is it to use the word “Nidhi limited” in the name of the company? Yes, it is necessary to use the word “Nidhi Limited” in the name of the company. However, the term “Mutual Benefit” can also be used. Who is Regulating Authority for Nidhi Company? The regulations passed by the Ministry of Corporate Affairs and the provision of Nidhi Rules, 2014 act as the regulating authority for Nidhi Company. How many microfinance companies are in India? The microfinance sector in India has more than 3000 MGIs, NGOs, and NGO-MFIs spread out over the country. How many types of microfinance companies are there? The different types of institutions that provide microfinance in India are Commercial banks. Credit unions. Non-governmental organizations (NGOs). What is group loan microfinance? Any selected customer group may be granted a loan to use as startup money for their microbusiness or other income-generating ventures in an effort to improve their standard of living. Can microfinance provide personal loans? Microfinance can give women to increase their income generation, loans for homegrown entrepreneurs, emergency medical loans, home improvement loans, and home extensions/ business improvement loans. What type of services can a microfinance company provide? The services provided by banks are supplemented by microfinance organizations. Financial services like insurance, savings, and remittance are additionally offered in addition to microcredit. Is group lending allowed in microfinance? Yes, it is allowed. How much investment is required to register a microfinance company? A private business must have a minimum of two members and a capital of Rs 1 lakh. A public business must have a minimum of 7 members. Raise money: Raising the necessary minimum net owned funds of Rs. 5 crore is the next phase. What are the eligibility requirements to provide a loan under a microfinance company? He should not have a history of defaulting in any organization. He must meet the qualifying requirements set forth by the Reserve Bank of India (RBI) and the Microfinance Institutions Network (MFIN), including total debt, annual household income, and other requirements. Explain microfinance services. Microfinance is a banking service that gives unemployed or low-income people or groups access to financial services that they would not otherwise have. People can obtain acceptable small business loans through microfinance in a secure manner that adheres to moral lending principles. How to start a microfinance company? For starting a microfinance company, you need to register it with RBI by submitting all the required documents. What is microfinance software ? A contemporary method used to assist microfinance organisations in expanding their digital operations is microfinance software. In order to help the customer save time and money, it offers intelligent banking capabilities at the lowest possible cost. What does a multi-state cooperative society mean? Is a multi-state cooperative society safe? Yes, It is safe if it meets all the requirements with RBI. What are the top 10 multi-state societies in India? 1 The Jackson Co-operative Credit Society of the Employees of the Western Railway Ltd.2 Karur Vysya Bank Staff Coop Thrift & Credit Society Ltd3 South India Multi-State Agriculture Cooperative Society Ltd.4 Adarsh Cooperative Bank Ltd./Madhav nagrik Sahakari Bank Ltd.5 LDC Multi-State Cooperative Credit Society Ltd.6 The Sutex Cooperative Bank Ltd7 Malankara Multi-State Cooperative Credit Society Ltd8 Dhanmudra Urban Multi-state Co-operative Credit Society Ltd9 The Vishweshwar Sahakari Bank Ltd10 Krishi sansaar multi-state cooperative society ltd. When was the multi-state cooperative society act passed? 3rd July 2002 What are the examples of multi-state cooperative societies? Credit, Housing, Agriculture, Transport, Hospital, Sugar, Stores, Fishery, Handloom, Labor, Consumer, and Multi-Purpose cooperative societies are some of the several types of multi-state cooperative societies. There might be more than 50 members, but each additional state needs to have at least 50 members. Who is the central registrar of multi-state cooperative societies? Shri Vijay Kumar, IAS. What is a multi-state agro-cooperative society? The multi-State Cooperative Societies Bill was introduced in the Parliament in order to accomplish the goal of creating co-operatives in more than one State. The bill sought to codify and amend the law relating to cooperative societies, with objects not limited to one State and serving the interests of members from multiple states. How can I do multi-state cooperative society limited registration online? You can go to onickexperts.com. It is the best financial consulting firm for company registrations. What is NBFC COMPANY? A non-banking financial company (NBFC) is a business registered under the Companies Act of 1956 that engages in the business of loans and advances, the acquisition of shares/stocks/bonds/debentures/securities issued by the government or a local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, and chit business Does NBFC provide personal loans? Yes, it provides a personal loan. When was NBFC established? December 1964.How much capital is required for NBFC? How much capital is required for NBFC? 25 lakhs.What is Agri Finance NBFC? What is Agri Finance NBFC? Agri-financing enables farmers and other participants in the agricultural value chain to safely store their harvest while simultaneously obtaining funding against collateral. What is the total number of NBFCs registered with RBI? There is a total of 9680 NBFCs registered with the Reserve Bank of India. What is NBFC housing finance company? Both banks and non-banking financing organizations offer home loans (NBFCs). NBFCs include Housing Finance Companies (HFCs). By contrasting the duration, interest rate, and processing costs of each offer, you can decide between a bank and an HFC. Is NBFC safe? Yes, it is safe if it is registered under RBI’s guidelines and complies with all its rules.