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Deepak Sharma

Latest Posts by Deepak Sharma

Guidelines for filing of form NDH-4 (Application for Declaration/ Updation of status of Nidhis)

February 14, 2020 25815 Views 9 comments Print

Guidelines for filing of form NDH-4 (Application for Declaration/ Updation of status of Nidhis) Ministry of corporate affairs came up with some amendments in existing Nidhi Rules, 2014 through a Notification dated 01st july 2019. These rules called as Nidhi (Amendment) Rules, 2019 and came into force with effect from 15 August, 2019. With this […]

Opening of branches by Nidhi Companies

August 8, 2017 8946 Views 4 comments Print

As we know Nidhi Companies are created for cultivating the habit of saving amongst the members and accept/lend funds only from/to its members, there are separate Rules being imposed on Nidhi Companies to ensure the safety of stakeholders interests and to ensure good governance in Nidhi Business.

NBFC Micro Finance Institution Requirements & Registration

June 18, 2017 11067 Views 2 comments Print

Micro finance is a source of financial services for entrepreneurs and small businesses, it is a type of Non-Banking Financial Company (NBFC) which is in a business of micro credit finance to individuals and small business.

Section 8 Microfinance companies: Overview, Requirements & Registration

May 30, 2017 89580 Views 116 comments Print

Microfinance is a source of financial services for entrepreneurs and small businesses, it is a type of Non-Banking Financial Company (NBFC) which is in a business of micro credit finance to individuals and small business. It is also known as Micro Finance Institution (MFI).

Are Nidhi Companies allowed to do Vehicle Finance activities?

May 27, 2017 5520 Views 0 comment Print

Nidhi Companies are not allowed to do micro finance business or to provide unsecured loans to its members.Nidhi Companies are allowed to lend/accept funds to/from only to its members, Nidhi can only lend a secured loan to its members

Nidhi Company Requirements and Registration Process

May 26, 2017 31308 Views 26 comments Print

1. The name must contain Nidhi Limited 2. Nidhi company that has to be incorporated under this Act shall be a Public Company 3. It must have a minimum paid up equity share capital of Rs.5,00,000/-;

All about Registration of Charge under Companies Act, 2013

May 24, 2017 7599 Views 0 comment Print

Charge is The right of Bank/Financial Institutions who lend funds to a company to receive money from the company’s assets if the debt is not paid on time. As per section 2(16) of the Companies Act, 2013 define charges as to mean an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes as mortgage.

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