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Government cautions stakeholders as 348 companies fail to meet requisite criteria for declaration as Nidhi company under Companies Act 2013 and Nidhi Rules 2014 Under section 406 of the Companies Act, 2013 (CA, 2013) and Nidhi Rules, 2014 (as amended), companies incorporated as Nidhi Companies need to apply to the Central Government in form NDH-4 for declaration as a Nidhi Company. It has been observed that companies have been applying to the Central Government for declaration as Nidhi
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FAQ :
As of 24.08.2021, 348 companies failed to meet the requisite criteria for declaration as a Nidhi company.
Companies incorporated as Nidhi Companies need to apply to the Central Government in form NDH-4 for declaration as a Nidhi Company under the Companies Act, 2013 and Nidhi Rules, 2014.
Based on the scrutiny of 348 forms up to 24.08.2021, not a single company satisfied the criteria for declaration as a Nidhi Company by the Central Government.
This is a violation of the Companies Act, 2013 and Nidhi Rules, 2014.
Stakeholders are advised to verify the antecedents of the company and ensure it has been officially declared as a Nidhi Company by the Central Government.
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