Nidhi” means a company ( 09330160431) 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 such rules as are prescribed by
the Central Government for regulation of such class of companies.
The Central Government may by notification direct any of the
provision of this Act shall not apply of shall apply with some exceptions,
modifications and adaptation specified in the notification to any Nidhicompany list.
A copy of every notification proposed to be issued shall be
laid in draft before each House of Parliament for a total period of thirty days
which may be comprised in one session or in two or more successions. If both
House agree in disapproving the issue of the notification or both agree in
making any modification in the notification, the notification shall not be issued
or shall be issued only in modified form as agreed upon by both the Houses.
EXEMPTION TO NIDHI COMPANIES
On 5th June 2015, Ministry of Corporate Affairs posted here
a draft notification to be published in Official Gazette announcing some
exemption to Nidhi Companies. As there is no effective date is announced in the
Notification, this notification shall come into effect on the date of its
publication in the…
Nidhi Companies, as defined in Section 406 of the companies
Act 2013 was discussed earlier here. “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,…
In "CorpLaw"
NIDHI COMPANIES UNDER COMPANIES LAW
Nidhi Companies has special treatment under the Companies
Act, 2013 and largely governed by the Nidhi Rules, 2014 and Exemption
Notification for Nidhi Companies, 2015. In this post, important provisions of
Nidhi Rules is being discussed.
Get In Touch
Our Corporate Office:
2C, Kalicharan Ghosh Road,
1st Floor, Kolkata-700050
Mob :
Phone No : / 56
1st Floor, Kolkata-700050
Mob :
Phone No :
/ 56
Delhi Office:
RZ-42, 3rd floor,
Khushi Ram Park, Uttam Nagar,
New Delhi - 110059
Mob :
Phone No : / 56
Khushi Ram Park, Uttam Nagar,
New Delhi - 110059
Mob :
Phone No :
/ 56
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