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 : Musiri Kamadhenu Nidhi Ltd and directors fined ₹14 lakh by Chennai ROC for violating Sections 117(3)(g) & 179(3)(g) of the Compa...
Company Law : Kalpakkam Nidhi Ltd fined Rs. 20,000 for non-compliance with Rule 14(6) of Companies Act. IT order mandates payment within 90 days...
Company Law : Discover the key changes in the Nidhi (Amendment) Rules, 2024. Learn how the new rules impact Nidhi companies and their naming con...
Company Law : Check out the latest Companies (Incorporation) Amendment Rules 2024 issued by Ministry of Corporate Affairs, omitting word Nidhi f...
Company Law : M/s. Arradiyaa Global Benefits Nidhi Ltd. penalized for non-filing of a Board resolution approving accounts for FY 2020. Learn abo...
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 […]
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).
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 […]
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:-
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 for and is […]
