Compliance Requirements under Nidhi Companies

Compliance Requirements under Nidhi Companies Nidhi Company is a type of Non-Banking Financial Company (NBFC) that has the principal object of borrowing and lending money between its members. This Mutual Benefit Company needs to file little annual compliance and it…

Government Tightens Nidhi Companies’ Compliance Norms

Government Tightens Nidhi Companies’ Compliance Norms The Ministry of Corporate Affairs vides its notification dated 19th April 2022, has published the Nidhi (Amendment) Rules, 2022 to further amend the Nidhi Rules, 2014. To protect the interests of the public and…

Nidhi (Amendment) Rules, 2022

Nidhi (Amendment) Rules, 2022 The Ministry of Corporate Affairs, vide notification dated 19th April 2022, amended the Nidhi Rules, 2014. Notably, the Nidhi (Amendment) Rules, 2022 make prior declaration from the Central Government mandatory, before accepting the deposits for public…

Nidhi Amendment Rules 2019

Nidhi Amendment Rules 2019 Vide notification dated 1st July 2019, the Ministry of Corporate Affairs has come up with the Nidhi (Amendment) Rules 2019 which are made effective from 15th August 2019. The important amendments are highlighted hereunder: Definition of the…

Nidhi Company Registration

Nidhi Company Registration Nidhi Companies in India are created for cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to borrow from their members and lend to their members. Therefore, the funds contributed to a…