How To Start Finance Company In India

How To Start Finance Company In India

Producer Company Registration ( Registration Fees 52000/- Rs)

Producer Company means a corporate body having objects or activities as specified under the Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce. In a producer company, you can appoint agriculturist members and accept deposits in the form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them

NIDHI Company Registration ( Registration Fees 78000/- Rs)

“Nidhi” is a Hindi word, which means finance or fund. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit.

Nidhi company registration requires minimum 3 members. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name. N

Nidhi company requires minimum 3 members. It might not issue preference share. If preference shares have already been issued by a Nidhi Company before initiation of this Act, such preference shares are to be redeemed in accordance with the terms of issue of such shares. All the Nidhi company’s incorporated shall have the last word as “Nidhi Limited” as part of its name. Nidhi Company Registration is done through Hire CA

Choose Nidhi Company because:

  • No External Involvement in Management
  • Helpful for Lower and Middle Classes
  • Low Rates of Interest
  • Secured Investments
  • Minimum Documentation and Formalities

NBFC Registration (Registration Fees 703000/- Rs)

In India, too, these NBFCs are rather prominent and supportive, and are broadly classified in the categories of --- asset finance companies, loan companies, and the investment companies. Any company registered properly under the Companies Act, 2013 of India, and dealing with matters and transactions in any of the above-mentioned fields, is mandatorily required to have the nbfc registration certificate issued by the Reserve Bank of India. Such a registration is compulsory, if its all financial transactions in business get more than 50% of its own capital in any year. Again, for seeking registration under the category of a non-banking financial company, the aspirant company must have a total capital of Rs. 2 Crore. The nbfc registration process comprises of submitting the prescribed application form together with all necessary documents to the Reserve Bank of India, and then prosecuting for brisk registration. If the apex bank finds that the requirements and conditions mentioned in the Section 45-IA of the RBI Act of 1934, are fully satisfied by the company, then it grants nbfc registration certificate to the applicant company.

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