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 : Learn about the rules, regulations, and norms governing Nidhi companies in India. Explore deposit norms, lending regulations, and ...
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 : Kerala High Court issues directions on Nidhi Companies' status, highlighting concerns over recent amendments, financial regulation...
Company Law : Check out the latest Companies (Incorporation) Amendment Rules 2024 issued by Ministry of Corporate Affairs, omitting word Nidhi f...
Company Law : MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th January, 2023 G.S.R. 35(E).—In exercise of the powers conferred b...
Company Law : On and after commencement of Nidhi (Amendment) Rules, 2022, public company desirous to be declared as a Nidhi shall apply, in Form...
Company Law : Provided further that in case of a Company being incorporated as a Nidhi, the declaration by the Central Government under section ...
Company Law : entral Government in the interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in co...
What is Nidhi Company NIDHI COMPANY means a company which is governed by the Section 406 of the Companies Act,2013 with Nidhi rules, 2014 which is enforced by the legislation for the regulation of Nidhi Companies. NIDHI COMPANY in India is only incorporated with a single objective or purpose to cultivating the habit of thrift […]
NIDHI Company is governed under Section 406 of the Companies Act, 2013 and NIDHI Rules, 2014. Definition of NIDHI Company: NIDHI Company 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, […]
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 incorporated under Section 406 […]
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 […]
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 mutual […]
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 […]
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 of the country. Define Nidhi:(Under Nidhi […]
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, 2013 wide notification No. […]
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 context / language means “TREASURE”. However, […]
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 accomplish the […]
