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Change the name of a nidhi company

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02 January 2019 What is the procedure to change the name of a nidhi company?
I had filed a RUN form. It was rejected stating the fact that existing objects of the company is related
to FINANCE activity. Hence, prior approval from concerned regualtor is required for change of name.

But as far I know, the objects of a nidhi company are not related to finance activity and during incorporation also, no approval from any regulator was required. Then, what approval are they asking for now for change of name?
Plz help what to do and how to do?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 January 2019 Nidhi company is a 'mutual benefit finance company' but registration with RBI is
not required. So, try with a 'declaration' per rule 8(2)(b)(xiii) of Companies
(Incorporation) Rules,2014.
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