A minimum of 3 directors and 7 shareholders are required to register a Nidhi company in India.

The Director needs to be over 18 years of age and must be a natural person.

An address in India where the registered office of the Company will be situated is required. The premises can be commercial/industrial/residential where communication from the MCA will be received.

A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature.

Identity proof and address proof are mandatory for all the proposed Directors of the Nidhi Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

IndiaFilings.com can incorporate a Nidhi Company for 20-30 days. The time taken for registration will depend on the submission of relevant documents by the client and the speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

Once a Nidhi Company is incorporated, it will be active and in existence as long as the annual compliances are met with regularly. A Nidhi Company must have a minimum of 200 shareholders and comply with other criteria within one year of incorporation. In case, annual compliances are not complied with, the Nidhi Company will be asked to refund the deposits.

Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

Ministry of Corporate Affairs regulates Nidhi Company and is also accountable for Nidhi Company Registration.

No, Nidhi Companies cannot issue debentures, preference shares, or any other kinds of debt securities.

No, Nidhi Company cannot perform its operations outside the boundaries of the state in which the registration has taken place.

A Nidhi Company must be registered as a Public Limited Company in order to be formed. So, in order to incorporate a Nidhi Company, the following criteria must be met: •It must have at least three directors. •It must have at least seven members. •The main goal of the MOA should be to instil the habit of thrift and saving among its members. And it can only accept deposits and lend money to its members, and it works for their mutual benefit.

Once the Nidhi Company is incorporated it must fulfill the following requirements: •It must have at least 200 members/shareholders. •Minimum Net Owned Fund should be Rs. 10 Lakhs. •Unencumbered term deposit must be at least 10% of the term deposit. •The ratio of Net Owned Fund to term deposit should not be less than 1:20. Jayapriya Grama Valarchi nidhi Ltd operational aspect

We are not entitled to carry on the business of Hire Purchase Financing, Insurance, Chit Funds and Acquisition of securities or Issue of any Debt Instruments under Jayapriya Grama Valarchi Nidhi Limited.

Following provisions are applicable to Jayapriya Grama Valarchi Nidhi Limited. •As we are incorporated into the nature of Public Company so rules and regulations of Companies Act 2013 are applicable. •RBI provisions related to Interest rate payable on deposit are applicable to Nidhi Companies. But the core provisions of RBI are not applicable to Nidhi Companies as RBI has exempted the Nidhi Companies from the same. •Nidhi Rules, 2014.

•We provide loans at minimal interest rates and minimum documentation. •Secured investments and guaranteed return by us.

Yes, the Deposits with Jayapriya Grama Valarchi Nidhi Limited are safe and secure because the Ministry of Corporate Affairs and Reserve Bank of India has framed rules and regulations to ensure the safety and security of Deposits. As a Nidhi Company, we are compulsorily following the rules of the Central Government.

The Nidhi Company uses the funds in lending to shareholders as per Nidhi Rules. We lend such money to our shareholders in the form of small loan for business and finance.

Any person who is above 18 years of age can become a member of the Nidhi Companies. The person desirous of becoming a member should have valid ID Proof and Address Proof.

We cannot provide membership to minors as per nidhi company rules, but deposits made in the minor's name can be accepted if that made by a natural or legal guardian who is a member of the respective Nidhi.

Nidhi can provide loans to its members only after the members have given/ provided some securities like gold, silver jewellery or any type of financial securities against the loan.

Nidhi shall not issue preference shares.

Every Nidhi shall, within a period of one year from the commencement of these rules, ensure that it has not less than two hundred members;

The Director shall be a member of Nidhi. Therefore, it is mandatory for director of Nidhi Company to hold shares.

Equity shares of the face value of not less than ten rupees.

Savings Deposit, Fixed deposit, recurring deposit, Cumulative Deposit these are the deposit scheme we are offering.

We shall not accept deposits exceeding twenty times of our Net Owned Funds (NOF) as per our last audited financial statements.

Those who wish to invest and earn a higher rate of interest should opt for Jayapriya Grama Valarchi Nidhi Limited Cumulative deposit scheme.

The scheme can be taken by any individual, single or joint firm, corporate, etc.

The deposit period offered by Jayapriya Grama Valarchi Nidhi Limited for its Cumulative deposit scheme ranges from 6 months to 72 months.

Yes, loan of up to 80% of the deposit is available against the Jayapriya Grama Valarchi Nidhi Limited deposit.

Yes, nomination facility is available and you can choose a nominee of your choice.