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  What is a Nidhi Company? The Nidhi Company is a non-banking finance company that is governed by Section 406 of the Companies Act of 2013. A Nidhi company’s main business is lending money to the company’s members. Nidhi Companies include permanent funds, mutual benefit funds, a mutual benefit business, and benefit funds, to name a few. Characteristics of Nidhi Company A Nidhi company promotes small savings among the middle and lower middle class. Accepts term deposits based on timely returns The members of a Nidhi Company get easy access to loans against collaterals. Promotes effective means of savings and sanctions loans with minimum documentation. The membership structure is very rigid and therefore it follows a very secure means of investment. A Nidhi company mainly deal with and support small income groups. Depends on the honesty, integrity and loyalty of a member. Setting up a Nidhi Company does not require any RBI regulations There are lesser level of risks A Nidhi company f...

  The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is registered in the jurisdiction in which it operates is known as company registration. The nature of your firm, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is extremely important in the business world. Advantages of company registration COMPANY RECOGNITION : Your compa...

  A Private Limited Company or an LLP. Choose what suits your business idea the best The difference between a private limited company and an LLP has always been a confusion among new business owners. Both these entities have almost similar kind of features, while they do differ in certain aspects. Few of the factors include: Registration Process The registration process to incorporate a private limited company involves the below steps Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company Registering an LLP also involves a similar process Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company   Registration Cost The registration cost incurred on an LLP by the government is much lesser when compared to that of a private limited company. Documents that have to be printed on the notarized and the non-judicial stamp paper in ca...

  aavana.in How to raise funds for a company When you start a business, you must also ensure that you have the proper funding option available. According to a recent study, most businesses fail due to a lack of funds. Raising funds for a new company involves various risks factors also. Fundraising  is nothing but seeking financial support to start a business or any charitable organization. Here are a few funding ideas that will be useful for your company. Crowdfunding Crowdfunding is one of the funding options available for a start-up that has been gaining a lot of popularity lately. Crowdfunding is nothing but taking a loan, pre-order, contribution, or investments from more than one single person at the same time.Detailed information of the business is put up on the  crowdfunding  platform. The company needs to mention the goals of their business, plans for making a profit, how much funds they require, etc. Customers will have access to all such information and fund...

Private Limited Company Registration How to register a Private Limited Company in India – An Overview When it comes to small, medium or large business undertakings Private limited company is considered to be the most preferred entity in India due to several merits. In India, Private Limited Company is known to be the most prevalent and prominent type of corporate entity. The company’s registration is governed by the Ministry of Corporate Affairs amended by the Companies Act of 2013. For a Private Limited Company to get itself registered, a minimum of two shareholders and two directors are required. An individual can be both a director as well as a shareholder, while a corporate legal entity can only be a shareholder. Moreover, foreign nationals, foreign corporate entities, and NRIs can become the shareholders or Directors of a company with Foreign Direct Investment (FDI). From the point of foreign promoters, Private Limited Company is the most preferred choice of entity. A Private Limi...

  Introduction: Section 12 & 13 of the companies act 2013 and incorporation rules 2014 states the law regarding having a registered office and shifting of the registered office of the company. The following are the provisions relating to shifting of registered office from one state to another; RO is an official office address of the company, where all the official letters will be sent by regulatory authorities or non-regulatory bodies. Shifting of RO from one state to another requires approval from the shareholders, Regional director, and much intimation.   Steps to follow to shift you RO from one state to another: Hold board meeting As per the provisions of SS-1 and companies act 2013, covey the board meeting For shifting of RO consider the proposal Alter the MOA of company Approve the notice of conducting the extraordinary general meeting Move the application to regional director Covey extraordinary general meeting Pass a special resolution at an extraordinary general me...

  Difference between a Limited Liability Partnership and a Partnership Law Limited Liability Partnership is prevailed by ‘The  Limited Liability Partnership Act, 2008’  and various Rules made thereunder The partnership is prevailed by ‘The Indian Partnership Act, 1932’ and various Rules made thereunder Registration LLP  Registered under the LLP Act, 2008. The registration is done under the Ministry of Corporate Affairs. Partnership Registered under the Partnership Act, 1932. The registration is done with the Registrar of Firms. Liability LLP The liability of partners is limited in an  LLP  mainly because it’s a separate legal entity. The liability of the partners is limited to the amount invested by them in the company. Partnership Partners are personally liable for the unlimited amount of liabilities of the company in a partnership firm. Number of partners LLP A minimum of two partners is required. However, a minor cannot be a partner in an LLP Partnershi...

The Registrar of Companies (ROC)   is an office under the Indian Ministry of Corporate Affairs. It mainly deals with the administration of the Companies Act, 2013. The Registrar of Company takes care of the  company registration  process (also known as incorporation) in India. This includes the complete reporting and regulation of companies and their directors and shareholders and also oversees government reporting of various matters including the annual filing of various documents. Foreign company- A  foreign company   is any company that is incorporated outside of India and has a place of business that is operating in India, whether by itself or through agents, physically or through an electronic mode. Basic Requirements For Registering A Foreign Subsidiary Company In India  Minimum two directors and two Shareholders.  At Least one director has to be an Indian resident.  One person has to be nominated by the  Holding company  who repre...