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Welcome to SRV Taxcon

SRV Taxcon is an emerging brand in Taxation and Accounting Consulting, specializing in services for start-up businesses.
We offer a single-window solution for Registration and License:

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Special Purpose Entity

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NidhiCompany

Benefits of a Nidhi Company

  • Simplified Financial Model: Operates only among members, reducing credit risk.

  • No RBI Approval Required: Registered with the MCA, not regulated by RBI for core operations.

  • Encourages Savings & Loans: Promotes the habit of thrift and savings among members.

  • Limited Liability: Members’ liability is limited to their share capital.

  • Separate Legal Identity: The company enjoys perpetual succession and can own property in its name.

Ideal For

  • Individuals wanting to create a mutual benefit society

  • Entrepreneurs looking to start a community-level finance business

  • Local groups and associations aiming to formalize their lending and deposit systems

  • Small businesses or co-operatives seeking to promote self-help and savings culture

Incorporation Process

  • Name Reservation (SPICe+ Part A)
    Filing of name reservation application through MCA for Nidhi Company.

  • Document Preparation
    Drafting of MoA, AoA, and declaration forms along with KYC documents of all directors and members.

  • Company Incorporation (SPICe+ Part B)
    Submission of digital incorporation forms along with PAN, TAN, and bank account setup.

  • Post-Incorporation Compliance
    Filing of NDH-1 and NDH-3, ensuring compliance with member requirements, net owned funds, and deposit limits.

  • Ongoing Compliance & Advisory
    Filing of annual returns, financials, and adherence to Nidhi Rules.

Documents Required

  • PAN & Aadhaar of all directors and shareholders

  • Passport (for foreign nationals, if any)

  • Utility bill or bank statement for current address proof

  • Proof of registered office (rent agreement, NOC, utility bill)

  • Passport-size photos of directors

  • Digital Signature Certificates (DSC)

  • Director Identification Number (DIN)

What You’ll Get

  • Certificate of Incorporation

  • Company PAN & TAN

  • DIN & DSC for all directors

  • MoA & AoA tailored for Nidhi operations

  • Support with initial NDH filings (NDH-1, NDH-3)

  • Ongoing regulatory guidance under Nidhi Rules

Frequently Asked Questions

Have a look at the answers to the most asked questions

No. A Nidhi Company can only accept deposits and provide loans to its members. It cannot deal with non-members or perform banking activities like issuing cheques or credit cards.

You need at least 7 members and 3 directors to incorporate, and within 1 year, the company must have 200 members.

A Nidhi Company must start with a minimum paid-up capital of ₹10 lakhs.

No, RBI approval is not required as Nidhi Companies are exempted from core RBI regulations.

Yes, after 3 years of continuous profit-making and subject to compliance, it can open branches within the same district or state.

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ProducerCompany

Special Purpose Entity

A Producer Company is a special type of company formed under the Companies Act, 2013, aimed at empowering farmers, agriculturists, and rural producers.

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Benefits of a Producer Company

  • Simplified Financial Model: Operates only among members, reducing credit risk.

  • No RBI Approval Required: Registered with the MCA, not regulated by RBI for core operations.

  • Encourages Savings & Loans: Promotes the habit of thrift and savings among members.

  • Limited Liability: Members’ liability is limited to their share capital.

  • Separate Legal Identity: The company enjoys perpetual succession and can own property in its name.

Ideal For

  • Farmers, producers, and agriculturists

  • Cooperatives and self-help groups (SHGs)

  • Fishermen, weavers, dairy producers, and rural artisans

  • Entrepreneurs promoting rural development and sustainability

Registration Process

  • Business Feasibility & Consultation
    Understanding your producer group’s structure and vision.

  • Name Reservation & Documentation
    Filing for name approval and preparing documents like MoA, AoA, declarations, and producer activity details.

  • Incorporation Filing
    Submission of incorporation forms (SPICe+, AGILE-Pro) with MCA including DIN, DSC, PAN, and TAN.

  • Registration Certificate Issuance
    Receipt of Certificate of Incorporation and commencement of operations.

  • Post-Incorporation Compliance
    Support for opening a bank account, issuing share certificates, and ensuring compliance with ROC and Producer Company rules.

Documents Required

  • PAN and Aadhaar of all proposed directors and members

  • Utility bill or bank statement for address proof

  • Registered office address proof (rent agreement, NOC, utility bill)

  • Passport-size photographs of all directors

  • Details of agricultural or producer activities

  • Digital Signature Certificate (DSC) and Director Identification Number (DIN)

What You’ll Get

  • Certificate of Incorporation

  • PAN & TAN of the company

  • DIN & DSC for all directors

  • Customized MoA & AoA for Producer Company

  • ROC compliance support

  • Ongoing advisory for legal, tax, and agricultural scheme benefits

Frequently Asked Questions

Have a look at the answers to the most asked questions

A Producer Company is a corporate body of farmers or producers formed to improve their incomes through collective action and business operations.

A minimum of 10 individuals or 2 producer institutions are required.

It can carry out activities like production, harvesting, procurement, grading, pooling, handling, marketing, and export of primary produce.

Yes, the minimum paid-up capital is ₹5 lakh.

Yes. Profits are distributed as patronage bonus or dividend, depending on the member’s participation in business.

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Microfinance Company

Special Purpose Entity

A Microfinance Company is a specialized financial institution that offers small-scale financial services—such as loans, savings, and insurance—to low-income individuals or groups, particularly in rural and semi-urban areas.

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Benefits of a Microfinance Company

  • Promotes Financial Inclusion: Provides financial access to underserved populations.

  • Empowers Women & Small Entrepreneurs: Most beneficiaries are women and rural micro-entrepreneurs.

  • Social Impact & Growth: Drives community development while building a sustainable business model.

  • Flexible Registration Options: Can be registered either as a Section 8 Company (without RBI approval) or as an NBFC-MFI (with RBI approval).

  • Limited Liability & Legal Recognition: Operates as a company with a separate legal identity and limited liability.

Ideal For

  • NGOs or social entrepreneurs seeking to offer microloans or financial literacy programs

  • Organizations targeting rural or low-income segments

  • Groups aiming for community development and self-reliance

  • Investors planning to enter the regulated microfinance sector via the NBFC route

Registration Process

Option 1: Section 8 Company (Without RBI Approval)

  1. Name reservation and DIN/DSC of directors

  2. Filing of Section 8 incorporation forms with MCA

  3. Drafting of Memorandum and Articles focused on micro-lending and financial inclusion

  4. Post-registration legal support and guidance on setting up lending structure

Option 2: NBFC-MFI (With RBI Approval)

  1. Formation of a Public Limited Company

  2. Raising minimum net owned funds of ₹5 Crore

  3. Application to RBI for NBFC-MFI license

  4. Fulfillment of compliance, capital adequacy, and operational norms

Documents Required

  • PAN, Aadhaar, and address proof of all directors

  • Passport-size photos

  • Registered office proof (rent agreement, utility bill, NOC)

  • Proposed business activity details and mission statement

  • Net worth certificate (for NBFC route)

  • Bank account and capital proof (for NBFC route)

Frequently Asked Questions

Have a look at the answers to the most asked questions

Yes, if registered as a Section 8 Company, it can lend on a non-profit basis without RBI approval. For profit-based lending, NBFC-MFI registration from RBI is required.

  • NBFC-MFI: Requires RBI approval, operates commercially.

  • Section 8 Company: Non-profit model, operates without RBI license.

₹5 Crore is the minimum net owned fund (NOF) required, except for North Eastern states where it is ₹2 Crore.

RBI regulates NBFC-MFIs. Section 8 Companies are regulated by the Ministry of Corporate Affairs (MCA).

No. Microfinance Companies are not allowed to accept public deposits.

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NB Financial Company

Benefits of NBFC

  • Wide Range of Financial Services: Offer lending, leasing, investment, hire-purchase, microfinance, and more.

  • High Growth Potential: Increasing demand in India’s credit market presents vast opportunities.

  • No Banking License Needed: Operate financial services legally without becoming a traditional bank.

  • Regulatory Recognition: RBI-regulated entities gain trust and credibility in the financial ecosystem.

  • Flexibility & Innovation: NBFCs enjoy more operational flexibility compared to traditional banks.

Ideal For

  • Financial entrepreneurs seeking to enter the lending/investment sector

  • FinTech startups launching innovative financial products

  • Corporates and HNIs interested in credit, leasing, or hire-purchase businesses

  • Groups targeting microfinance, consumer finance, or asset finance segments

Registration Process

  • Company Formation
    Incorporate a Public Limited Company with a minimum paid-up capital of ₹2 crore (₹10 crore for certain types like Infrastructure NBFCs).

  • Bank Account & Capital Infusion
    Open a bank account in the name of the company and deposit the minimum capital.

  • Document Preparation & Policy Drafting
    Prepare all required policies — Fair Practice Code, Risk Management Policy, KYC Policy, etc.

  • RBI Application Filing
    Submit an online and physical application with RBI via COSMOS portal along with required documents.

  • RBI Review & License Issuance
    Upon successful verification, RBI issues a Certificate of Registration (CoR) to operate as an NBFC

Documents Required

  • Certificate of Incorporation, MoA & AoA

  • PAN, Aadhaar, and address proof of directors

  • Net worth certificate and bank statement for capital verification

  • Business plan and income projections

  • Board resolution authorizing NBFC application

  • Detailed policies (KYC, lending, recovery, grievance redressal)

  • Audited financials (if applicable)

What You’ll Get

  • Certificate of Incorporation

  • RBI Certificate of Registration (NBFC CoR)

  • PAN, TAN, and GST (if applicable)

  • DIN & DSC of directors

  • Assistance with policy documentation

  • Full compliance guidance post-registration

Frequently Asked Questions

Have a look at the answers to the most asked questions

A minimum Net Owned Fund (NOF) of ₹2 crore is required. For specific categories like Infrastructure NBFCs, it may be higher.

  • Only Deposit-taking NBFCs (NBFC-D) can accept public deposits, and they require additional RBI approval.

The complete registration process may take 4 to 6 months, depending on documentation and RBI processing time.

Types include Loan Company, Investment Company, Asset Finance Company, NBFC-MFI, Infrastructure Finance Company, Housing Finance Company, etc.

NBFCs are primarily regulated by the RBI under the RBI Act, 1934.

Why is Company Registration Required?

Company registration is a process that gives legal status to a business and establishes its identity, separate from its owners. It boosts the organization’s credibility, making it easier to gain the trust of the customers, suppliers and investors. It also opens the gateway to secure funding and facilitates protecting intellectual property rights. Company registration in India guarantees perpetual succession, enabling the business to operate beyond the founders’ participation. Registering a business is a step that gives the company a formal and legal standing, helps in its expansion and provides financial stability.

Advantages of Registering a Company

Limited Liability Protection

One of the most important benefits of a private limited company is that it offers limited liability protection.

Limited Liability Protection

One of the most important benefits of a private limited company is that it offers limited liability protection.

Limited Liability Protection

One of the most important benefits of a private limited company is that it offers limited liability protection.

Limited Liability Protection

One of the most important benefits of a private limited company is that it offers limited liability protection.

What are the Eligibility Criteria for Company Registration?

According to the Ministry of Corporate Affairs, the eligibility criteria to register a company in India includes the following:

Checklist for the Private Limited Company:

What are the Eligibility Criteria for Company Registration?

According to the Ministry of Corporate Affairs, the eligibility criteria to register a company in India includes the following:

Checklist for the Private Limited Company:

Post-Registration Compliance for Company Registration

Post-registration compliance for a private limited company includes various the adherence of legal and regulatory requirements including:

LLP Registration

Simplify your business setup with SRV Taxcon’s expert LLP Registration services.

GST Registration

Ensure your business is GST compliant with SRV Taxcon’s hassle-free GST Registration services.

MSME Registration

Empower your business with SRV Taxcon’s MSME Registration services and get recognized as a Micro, Small.

LLP Registration

Simplify your business setup with SRV Taxcon’s expert LLP Registration services.

GST Registration

Ensure your business is GST compliant with SRV Taxcon’s hassle-free GST Registration services.

MSME Registration

Empower your business with SRV Taxcon’s MSME Registration services and get recognized as a Micro, Small.

Features of a Private Limited Company

A private limited company is one of the most popular forms of business structures in India for its distinct characteristic features, including:

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Frequently Asked Questions

Have a look at the answers to the most asked questions

The procedure for incorporating a company requires DSC & DIN for directors, a unique company name, filing of incorporation documents, and getting a company registration certificate.

The procedure for incorporating a company requires DSC & DIN for directors, a unique company name, filing of incorporation documents, and getting a company registration certificate.

The procedure for incorporating a company requires DSC & DIN for directors, a unique company name, filing of incorporation documents, and getting a company registration certificate.

The procedure for incorporating a company requires DSC & DIN for directors, a unique company name, filing of incorporation documents, and getting a company registration certificate.

The procedure for incorporating a company requires DSC & DIN for directors, a unique company name, filing of incorporation documents, and getting a company registration certificate.

Client Testimonials

“Words from happy clients who chose us with confidence”

Google Customer rating

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Latest News

Our Clients