Category: Software
Form NDH -4 – Declaration of Nidhi Company
Guidelines for filing of form NDH-4 (Application for Declaration/ Updation of status of Nidhi) Ministry of corporate affairs came up with some amendments in...
Compliance Requirements and Loans Under Nidhi Companies
A Nidhi company is a company that is recognised under section 406 of the Companies Act, 2013 read with Nidhi Rules 2014. Its core...
Nidhi Company – The Important Rules You Should Know
Nidhi Company under Companies Act 2013 is governed under section 406 of the Companies Act 2013. There are many people who have started their Nidhi...
What is the difference between Chit Fund & Nidhi Company?
This article discusses the basic difference between chit fund & Nidhi company. First, let us give a basic understanding as to what is a Chit Fund...
5 Things To Keep In Mind Before Starting A Nidhi Company
The Ministry of corporate affairs (MCA) has recently tightened the compliance norms for Nidhi companies. The Ministry has also advised investors to verify the...
Benefits of Starting a Nidhi Company
The central goal behind establishing a Nidhi Company is to encourage its members to save so that they can meet their financial requirements which...
Requirements for a “Nidhi Company Incorporation”
Given below are the essential conditions that must be met for registering or operating a Nidhi Company. Requirement before Registration Minimum number of shareholders...
Procedure for Nidhi Company Registration
Though the process of registering a Nidhi Company is simple, still, assistance from a professional is advised for the completion of various complex forms...
Restrictions on Nidhi Companies
As per Rule 6 of Nidhi rules 2014, a Nidhi Company cannot perform the following activities: Conduct the business of chit fund, leasing finance,...
Prerequisites For Forming a Nidhi Company
To establish a Nidhi Company, the following criteria must be met: The company must have the suffix “Nidhi Limited” in its name The company...
