Q. What are the important Compliances for Nidhi Company in India?

There are various compliances are to be taken care of like ratio, company law, money laundering etc. Hence, study of all relevant act is important to do the work in nidhi company properly.

Q. Can a company, trust become the members in the Nidhi Company?

No body corporate like Private company, public company nor trust can become member of the Nidhi company. This is as per Nidhi Rules, 2014.

Q. Can Nidhi Company be registered online without being present in person?

Yes, a Nidhi Company can be registered online without being present in person. It’s a completely online process and hubco.in is a brand in Nidhi Company consultancies.

Q. How many persons are needed to incorporate a Nidhi Company in India?

To start with, you need atleast 7 persons to start the Nidhi Company registration. Further, out of seven, three shall also be elected as the directors of the Company. Directors are the person who runs the company.

Q. What is the maximum interest rate that can be charged by Nidhi Company on loans?

A Nidhi Company can charge 7.5% more than it is paying on deposits. E.g. If Nidhi Company is paying 11% on Fixed Deposits, then maximum interest rate on loan can be charged at 18.5%.

Q. What is the maximum interest rate a Nidhi Company can offer on deposits?

The maximum interest rate a Nidhi Company can offer on deposits must equal to the rate of interest offered by NBFC which is currently 11.00%. Further, in case of saving account, the maximum Interest rate can be 2% more than a nationalised bank is offering.

Q. How to Select Name for Private Limited Company? with examples

The company name selection should be done on the basis of company name structure. The Company name should start with your brand name e.g Hubco is our brand name (Trademark filed) and hence we have registered Hubco Technologies Private Limited. Likewise, in case of TATA steel limited, TATA is the brand name.

Q. What are the major advantages for Private Limited Company?

Some major advantages of Private Limited Company Registration are it helps you to raise funding from the Venture Capitals, Angel investors, High net worth individuals etc, It protects your personal assets by limiting your liability.

Q. What are the major disadvantages for Private Limited Company?

Few of the disadvantages of private company registration are as It increases your yearly compliance cost, as Audit of private Limited Company is mandatory even in case of zero turnover, Doing business under Private Limited Company is not flexible, as there are too many regulations to comply with.

Q. Practical meaning of Pvt ltd Company with examples?

Practically, a private Limited Company is the second name of starting up a business in India. It is the most organized form of business to start with.