Nidhi Company Registration
Nidhi Company Registration For As Low As Rs.
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What is a Nidhi Company?
It is a company delegated a NBFC (a Non-banking financing company) and enrolled under Section 406 of Companies Act, 2013. The principle business of such a company is to encourage loaning cash between the center individuals from the company. Along these lines individuals (or investors) are urged to set aside cash and contribute them inside the company. These stores are then utilized by the company for its individuals (or investors), to give advances or progresses, and to procure officially sanctioned stocks/bonds/debentures/protections. It is managed by the Ministry of Corporate Affairs, while the RBI screens all its money related dealings.
Benefits of a Nidhi Company
1. Cheaper To Borrow:
As a member, one can borrow money at a minimum rate, relative to the rate at which banks lend money. This can be a major advantage in times of need, as different individuals in the mutual benefit society are likely to need funds at different points in time.
2. Encourages Savings:
It encourages all its members to save money and encourages a thrifty lifestyle. A Nidhi Company, after all, is a mutual benefit society wherein members can lend or borrow money and accept financial aid amongst them. Fewer Complications:
3. Fewer Complications:
Borrowing and lending to known persons, where the procedure is fixed, is much less complicated than dealing with banks or in an informal setting. A Nidhi Company enables its members to unlock the potential of their money and gain from lower interest rates when they require money themselves.
Nidhi Company Registration Online Process
Documents Required For Nidhi Company
Requirements for Nidhi Company Registration Online
There is a check list of requirements that are essential for registration or operating of a Nidhi Company.
Requirement before the Incorporation Period
- Minimum number of shareholders- 7
- Minimum number of Directors -3
- The minimum capital requirement is of Rs. 5 lakhs
- DIN for Directors
Requirement after the Incorporation Period
- The minimum number of shareholders must be 200 at the end of the 1st year
- Net owned fund should be more than Rs. 10 lakhs
- The ratio for net owned funds to deposit should be more than 1:20
- Unencumbered deposits should be more than 10 % of outstanding deposits
A minimum of three branches can be opened in a particular district. In case you want to expand outside the district or want to open more than three branches, the Registrar of Companies need to intimated 30 days prior to their opening.
FSSAI has to do the following things:
(i) laying down science based standards for articles of food
(ii) to regulate manufacture, storage, distribution, sale and import of food
(iii) to facilitate food safety.
There are three different types of FSSAI registration, the required time for FSSAI license registration differs.
1. The basic FSSAI license will be delivered in 7 working days.
2. State license and Central license will be provided in 30 days.
FSSAI registration is mandatory for every food business in India. You can contact our experts on 9313454647 and get to know your license related details by them.
There is different threshold limit for the different kind of food processing units.
Obtaining FSSAI license is obligatory for all food business operators whose Annual turnover exceeds ₹12 lakh and Production capacity is more than 100kg per day. Based on the type of profession, businesses are required to issue FSSAI license from Union or State Government.
The validity of FSSAI Registration/License is varied from 1-5 years. Accordingly, the person needs to apply for FSSAI Renewal.
Those processing between 500 l to 50,000 l/day milk require FSSAI State license. Those processing above 50,000 l or 2500 MT/day milk requires a Central FSSAI license.
Those processing up to 500 kg or 150 MT meats every day require FSSAI State license, while those processing more than that require Central FSSAI license.
Those having Turnover up to ₹20 Crores require FSSAI State license, while those with Turnover above ₹20 Crores require Central license.
You require only a State FSSAI license in case you are running a Dhaba, mess or a Canteen and you have a turnover above 12 lakhs.
On successful registration under FSSAI, you will receive a digital copy of certificate which is equivalent to the hard copy. Thus, you do not require a separate hard copy of FSSAI certificate. This digital copy will be updated as and when you apply for FSSAI Renewal.
FSSAI Registration is required when your annual turnover does not exceed INR 12 Lacs otherwise FSSAI License is required. Both FSSAI registration and FSSAI license can be updated through application for FSSAI Renewal.
Yes, you would require a separate license for each kind of products you are dealing in.
The taxes you pay on input goods/services can be used as an Input Tax Credit (ITC) against output tax liabilities.
The priorities of the FSSAI is laying down science based standards for articles of food and to regulate their manufacture, storage, distribution, sale and import, to ensure availability of safe and wholesome food for human Consumption. Its main motive was to maintain the a particular standard of the food quality and to curb the adulteration and substandard quality of food.
Yes, you can mention FSSAI registration number on food the product packets after registration.
FSSAI Food Regulation eGuide
Obtain FSSAI State License
for 1 year
*Government fee extra
Obtain FSSAI Central License
for 1 Year
FSSAI Food Regulation eGuide
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