Can anyone tell me the procedure for incorporating nidhi company aongwith the associated expenses and time required??
Thanks
CA Ashis Jain
CA Ashis Jain (Practice) (25 Points)
18 September 2012Can anyone tell me the procedure for incorporating nidhi company aongwith the associated expenses and time required??
Thanks
CA Ashis Jain
Dear Ashishji,
As per my knowledge, the present procedure to incorporate a Nidhi company is as follows :
[Prior to amendments to RBI Act in January, 1997, the RBI held a view that grant of Nidhi status was under the purview of DCA (MCA) and that the companies working on nidhi lines but awaiting notification by the Government should be under DCA’s (MCA) control and in fact, therefore, there being no clear understanding these companies had the opportunity to do what they liked !]
(I have no idea regarding the expenses incurred on it’s incorporation and normal time taken to incorporate it. Expert’s view solicited.)
Regards,
Veeral Gandhi
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