Nidhi Amendments Rules, 2019- Analysis

Nidhi Amendments Rules, 2019 were notified by MCA on 01st July 2019 and are effective from 15th August 2019. Vide this notification MCA inserted Rule 3A. Declaration of Nidhis, Rule 23A. Compliance with rule 3A by certain Nidhis and 23B. Companies declared as Nidhis under previous company law to file Form NDH-4 in Nidhi rules, 2014 and also inserted FORM NDH-4- Form for filing application for declaration as Nidhi Company and for updation of status by Nidhis. Analysis of Nidhi Amendments Rules, 2019 is as follows:-