Tag: Forming of nidhi company
Check Nidhi companies’ antecedents before investing money; 348 entities failed to meet criteria: MCA
Synopsis This is the second time in six months that the corporate affairs ministry has come out with an advisory as there are a...
Report on Nidhi Companies – By “SABANAYAGAM COMMITTEE”
Changes suggested by “SABANAYAGAM COMMITTEE” on policies and regulatory framework of Nidhi companies and “REPORT OF EXPERT GROUP” examining the representations on the recommendation...
Compliance Check List – Nidhi Company
Nidhi (or a mutual benefit society) means a company Which has been incorporated as a Nidhi with the object of – Cultivating the habit of thrift and savings...
Nidhi Amendment Rules 2019 – All About NDH-4 – Meaning, procedure and filings
If you are running a Nidhi Company and are already frustrated with the amount of compliance you face, we have bad news for you....
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...
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...
