Company Law : Nidhi Companies Exposed: New MCA Rules (2022 & 2024) enforce ₹20 Lakh NOF and mandatory declaration (NDH-4). Learn about major p...
Company Law : Learn how to close a Nidhi Company due to non-compliance or voluntary decision. Explore the applicable provisions, prerequisites, ...
Company Law : Explore recent rejections of Nidhi company incorporations, the discrepancies between rejection letters and rules, and seek clarity...
Company Law : Learn how to set up a Nidhi company, from name selection to obtaining a Certificate of Incorporation, along with essential complia...
Company Law : Nidhi companies have been introduced to encourage savings among the members of the Nidhi company. Nidhi companies are not difficul...
Company Law : Overview of Nidhi Rules: registration, member limits, deposit and loan norms, prohibited activities, filing requirements, and pena...
Company Law : Government cautions stakeholders as 348 companies fail to meet requisite criteria for declaration as Nidhi company under Companies...
Company Law : Investors are advised to verify the antecedents / status of a Nidhi Company especially their declaration of their status as Nidhi ...
Company Law : Sensitization of Nidhi companies towards compliance of provisions of section 406 of Companies Act, 2013 and Nidhi Rules, 2014 as a...
Company Law : In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & inve...
Company Law : The Madras High Court permitted Nidhi companies to submit fresh replies against NDH-4 rejection orders and directed authorities to...
Company Law : Madras High Court directs to furnish fresh reply regarding compliance of defects stated in order rejecting application in e-form N...
Company Law : Madras High Court held that rejection of e-Form NDH-4 application beyond time limit of 45 days is not allowable hence petitioner d...
Company Law : Kerala High Court issues directions on Nidhi Companies' status, highlighting concerns over recent amendments, financial regulation...
Company Law : The adjudication proceedings began after the Ministry of Corporate Affairs rejected the company’s NDH-4 application due to non-c...
Company Law : Non-filing of mandatory board resolutions approving accounts led to monetary penalties. The order reiterates that approval of acco...
Company Law : Vaishali Proficient Nidhi Ltd. penalized for failing to include DINs in filings from FY2015 to FY2019. Total penalties exceed Rs. ...
Company Law : Tilak Proficient Nidhi Limited and its directors fined by the Registrar of Companies for violating Section 118 of the Companies Ac...
Company Law : Musiri Kamadhenu Nidhi Ltd and directors fined ₹14 lakh by Chennai ROC for violating Sections 117(3)(g) & 179(3)(g) of the Compa...
Nidhi Company along with recent amendments dated 19.04.2022 vide Nidhi (Amendment) Rules, 2022 Introduction: This Article contains detailed analysis of compliances applicable to Nidhi Company. MCA has recently came out with some amendments in the Nidhi Rules, 2014 vide Nidhi (Amendment) Rules, 2022 dated 19.04.2022 wherein more stringent norms have been prescribed by Central Government […]
MCA Notification No. G.S.R. 301(E) Dtd. 19th April, 2022 The MCA vide its notification dated 19th April, 2022 has introduced some important amendments to the existing Nidhi Rules, 2014 by notifying Nidhi (Amendment) Rules, 2022 which shall come into force on the date of its publication in the Official Gazette i.e., 19th April, 2022. Sr. No. […]
On and after commencement of Nidhi (Amendment) Rules, 2022, public company desirous to be declared as a Nidhi shall apply, in Form NDH-4, within a period of one hundred twenty days of its incorporation for declaration as Nidhi
Acceptance of Deposit and provide loan to its member is one of the main reason for starting a Nidhi Company. We will discuss about how much Nidhi can take deposit from members and how much loan can provide to its members. APPLICABILITY OF NIDHI RULES 2014 This rule shall apply to ♦ Every company which […]
Provided further that in case of a Company being incorporated as a Nidhi, the declaration by the Central Government under section 406 of the Act shall be obtained by the Nidhi before commencing the business and a declaration in this behalf shall be submitted at the stage of incorporation by the
As per Rule 3 (da) of Nidhi Rules, 2014, ‘Nidhi’ means a company which has been incorporated as a Nidhi 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 mutual benefit, and which complies with the rules made by […]
Nidhi Company Nidhi Companies are incorporated with motive of encouraging the habit of savings amongst its members. Nidhi Companies are allowed to deal with members only which means that Nidhi Companies can take Deposits from and lend only to its members. It is much easier to form a Nidhi Company with very less time and […]
Table Showing Annual Filings to ROC with Details of the Form, Applicability Sections, Due Date and Type of Companies SI. No. Name of the Form Detail of Form Due Date Section Applicable Applicability 1 AOC4 / AOC-4 CFS / AOC-4 CFS XBRL / AOC-4 XBR L/ AOC-NBFC / AOCF -4 CFS NBFC Financial Statements And […]
Part I – Law(s) Governing the eForm NDH-3 Rule Number(s) eForm NDH-3 is required to be filed pursuant to rule 21 of the Nidhi Rules, 2014 which are reproduced for your reference. Rule 21: Every company covered under rule 2 shall file half yearly return with the Registrar in Form NDH-3 along with such fee […]
eForm NDH-4 | Application for declaration as Nidhi Company and for updation of status by Nidhis Part I – Law(s) Governing the eForm NDH-4 Rule Number(s) eForm NDH-4 is required to be filed pursuant to section 406 of Companies Act, 2013 and rule 3A, 23A and 23B of Nidhi Rules, 2014 which are reproduced for […]
