Documents Required for the Registration of Nidhi Company in India
Following are some crucial documents required for Nidhi Company Registration in India:
Basic Checklist:
1. Three Directors
A Nidhi corporation must have at least three directors, at least one of whom must be an Indian Citizen and Resident.
2. Seven Promoters
At least seven Promoters are required for a Nidhi firm. It is possible that the Promoter and Director are the same individuals.
3. Unique Name
The business name must be unique. The proposed name must be identical or similar to any existing companies or trademarks in India. The words “Nidhi Limited” must appear in the Company’s name at the time of incorporation.
4. Paid-Up Capital
A minimum paid-up equity share capital of Rs. 5 lakhs is required.
5. Registered Office
The Company must have a physical location. Other Licenses should be obtained at the location.
Documents for Registered Office:
- A copy of the most recent bank statement (within the past three months) or a copy of the most recent telephone bill, mobile bill, energy or gas bill (within the last two months) or,
- Copies of property tax receipts,
- Notarized rental/lease agreement,
- Scanned copy of sale deed/property deed,
- Property owner’s no objection certificate.
Documents for Indian Directors or Promoters:
- PAN Card of all the Shareholders and Directors of the Company.
- A recent passport-sized photograph of the shareholder/director (in jpeg/pdf format)
- ID proof such as Voter ID Card/Passport/Driving Licence is acceptable forms of identification.
- Proof of Address such as Bank Statement/Recent Electricity/Telephone/Mobile Bill
Note: Please keep in mind that digital signatures are required for all prospective directors and promoters of the firm. It is essential for the incorporation application to be signed. DSC is available online. GST Wala support manager will submit the application and provide you with a link to complete the video eKYC verification. To authenticate the application, the applicant would need to record a brief video and enter an OTP.
Documents for NRI Directors or Promoters:
1. ID proof
Passport/PAN Card, which must be confirmed by the Indian embassy.
2. Address Proof
If the permanent address is in India- Bank Statement/Latest Electricity/Telephone/Mobile Bill: certified by any competent CA/CS or CMA (Practising).
3. Current abroad address and if the country is a CommonWealth (CW) country
Hague Convention (HC): Notarised by a Public Notary and apostilled by the appropriate government of such country.
4. Outside of CW or HC
Notarised by a Notary (Public) of such country, with the Notary’s certificate certified by a Diplomatic or Consular Officer.
Documents for Foreign Nationals:
- ID proof (Passport/PAN Card) & Address Proof:
- Residing in his own country under Hague Convention(HC): Notarised by Public Notary and apostille by the competent authority of such country.
- Residing outside his own country and the country where he resides is under the Hague Convention.
Option A
Notarised by a Public Notary and apostille by the competent authority of that foreign country.
Option B
Attested by the Embassy of his Country of Origin at the place where he resides.
Residing in his own country under Commonwealth Country (CW)
Notarised by Public Notary.
Residing outside his own country and the country where he resides is under Commonwealth Country:
- Option A: Notarised by the Public Notary of that foreign country.
- Option B: Attested by the Embassy of his Country of Origin at the place where he resides.
- Is from a country that is outside the CommonWealth and also not a party to Hague Apostille Convention: Notarised by the Notary (Public) of such country and the certificate of Notary (Public) to be authenticated by a Diplomatic or Consular Officer. All proposed Directors have to submit a list of Indian Companies in which they are interested (i.e. holding 2% or more shares).
