Nidhi Companies

Nidhi Company under Companies Act, 2013 & Nidhi Rules 2014

Company Law - Nidhi Company Registration Ideal for Financial and Banking Services with many exemptions from various Regulations What is a Nidhi Company and its Incorporation? A Nidhi Company is a Structured small financial services provider which enjoys many exemptions from RBI regulations and other acts as well. Nidhi Company is a business structure i...

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FAQs – Nidhi Company and its Operations

Company Law - What is Nidhi Company? A Nidhi Company is a Company which carries on the business of accepting deposits and lending the same on demand. Nidhi Company is similar to NBFC but the only basic difference between the two is that Nidhi Companies accept deposits only from its members. The main aim of these companies is to work […]...

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Restrictions on loans given by Nidhi Companies

Company Law - With the increase in demand of credit in the country, the Ministry of Corporate Affairs came up with the concept of Nidhi Company wherein the word Nidhi means ‘treasure’  with the object of cultivating the habit of thrift and saving amongst its members, receiving deposits from, and lending to, its members only, for their mutu...

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Nidhi Company with Amended Nidhi Rules

Company Law - NIDHI COMPANY Nidhi Company under Companies Act 2013 is governed under section 406 of the Companies Act 2013. The first Rules for Nidhi Company came into effect from 1st Day of April 2014, vide notification dated 31st March 2014, hence called as Nidhi Company Rules 2014. The said rules are applicable to (RULE 2 OF […]...

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MCA Amends Provisions related to NIDHI Companies

Company Law - Overview Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019). Why amended: √ to make regulatory regime for Nidhi Companies more effective and √ also to accomplish the objectives of transparency & √ investor friendliness in corporate environment...

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Sensitization of Nidhi companies towards section 406 compliance

Company Law - Sensitization of Nidhi companies towards compliance of provisions of section 406 of Companies Act, 2013 and Nidhi Rules, 2014 as amended vide Nidhi (Amendment) Rules, 2019 w.e.f 15.08.2019 and general public to invest in genuine and compliant Nidhis only. In order to make regulatory regime for Nidhi Companies more effective and also to ac...

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Nidhi Companies to apply to update their as Nidhi Company

Company Law - In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness in corporate environment of the country, the Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019)....

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Exemptions to Nidhis under section 462 of CA 2013

Notification No. G.S.R. 465(E) - (05/06/2015) - entral Government in the interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, to Nidhis, namely...

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Nidhi Rules, 2014

Notification No. G.S.R. 258(E) - (31/03/2014) - Nidhi Rules, 2014 applies to every company which had been declared as a Nidhi or Mutual Benefit Society under sub-section (1) of section 620A of the Companies Act, 1956, every company functioning on the lines of a Nidhi company or Mutual Benefit Society but has either not applied for or has applied ...

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Recent Posts in "Nidhi Companies"

Nidhi Company under Companies Act, 2013 & Nidhi Rules 2014

Nidhi Company Registration Ideal for Financial and Banking Services with many exemptions from various Regulations What is a Nidhi Company and its Incorporation? A Nidhi Company is a Structured small financial services provider which enjoys many exemptions from RBI regulations and other acts as well. Nidhi Company is a business structure i...

Read More
Posted Under: Company Law |

FAQs – Nidhi Company and its Operations

What is Nidhi Company? A Nidhi Company is a Company which carries on the business of accepting deposits and lending the same on demand. Nidhi Company is similar to NBFC but the only basic difference between the two is that Nidhi Companies accept deposits only from its members. The main aim of these companies is to work […]...

Read More
Posted Under: Company Law |

Restrictions on loans given by Nidhi Companies

With the increase in demand of credit in the country, the Ministry of Corporate Affairs came up with the concept of Nidhi Company wherein the word Nidhi means ‘treasure’  with the object of cultivating the habit of thrift and saving amongst its members, receiving deposits from, and lending to, its members only, for their mutu...

Read More
Posted Under: Company Law |

Nidhi Company with Amended Nidhi Rules

NIDHI COMPANY Nidhi Company under Companies Act 2013 is governed under section 406 of the Companies Act 2013. The first Rules for Nidhi Company came into effect from 1st Day of April 2014, vide notification dated 31st March 2014, hence called as Nidhi Company Rules 2014. The said rules are applicable to (RULE 2 OF […]...

Read More
Posted Under: Company Law |

MCA Amends Provisions related to NIDHI Companies

Overview Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019). Why amended: √ to make regulatory regime for Nidhi Companies more effective and √ also to accomplish the objectives of transparency & √ investor friendliness in corporate environment...

Read More
Posted Under: Company Law |

Annual Company Law Compliance Calendar for Nidhi Companies

Compliance requirement of Nidhi Companies has gone through various changes since the day Companies Act, 2013 has come into force. In recent past Compliance requirement of Companies has been increased with introduction of new forms i.e. MSME-1, BEN-2 etc. However, some exemptions are granted to Nidhi Limited Companies under Companies Act, ...

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Posted Under: Company Law |

Nidhi Company- Companies Act- 2013

Nidhi” means a company which has been incorporated as a Nidhi with the OBJECT of Cultivating the habit of thrift and Savings amongst its members, Receiving deposits from, and Lending to, its members only, for their mutual benefit, and Which complies with rules of Chapter XXVI of Companies Rules, 2014. ♦ Nidhi in the Indian conte...

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Posted Under: Company Law |

Sensitization of Nidhi companies towards section 406 compliance

Sensitization of Nidhi companies towards compliance of provisions of section 406 of Companies Act, 2013 and Nidhi Rules, 2014 as amended vide Nidhi (Amendment) Rules, 2019 w.e.f 15.08.2019 and general public to invest in genuine and compliant Nidhis only. In order to make regulatory regime for Nidhi Companies more effective and also to ac...

Read More
Posted Under: Company Law |

Nidhi Companies to apply to update their as Nidhi Company

In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness in corporate environment of the country, the Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019)....

Read More
Posted Under: Company Law |

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

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...

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Posted Under: Company Law |

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