Quick Summary
1st Row From L to R: Shri Rajesh Verma, IAS, Secretary, Ministry of Corporate Affairs, Government of India, Shri Manoj Pandey, IRS, Joint Secretary, Ministry of Corporate Affairs, Government of India and Shri S K Vashishtha, Deputy Secretary, Ministry of Corporate Affairs 2nd Row From L to R: CS Ashish Garg, President, The ICSI, CS Nagendra D. Rao, Vice President, The ICSI and Shri V Sreedharan, Past Council Member, The ICSI The Institute of Company Secretaries of India, organized a Li
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The webinar was organised to reiterate the fundamentals of the legal framework regulating Nidhi Companies as per Section 406 of the Companies Act 2013 and to discuss practical aspects related to compliance.
Shri Rajesh Verma, IAS, Secretary of the Ministry of Corporate Affairs, Government of India, was the Chief Guest at the webinar.
The Ministry of Corporate Affairs amended the provisions related to Nidhi Companies under the Companies Act (Section 406) and its rules in August 2019 to promote transparency and investor friendliness.
Company Secretaries are urged to propagate the Company Fresh Start Scheme, handhold Nidhi Company officials to ensure compliance, and support them in filing the required NDH-4 form to update their status with the Central Government.
Nidhi Companies promote the culture of savings, deposits, and loans, acting in the interest of their members, particularly those from middle and lower-middle-class backgrounds, thus playing a role in the country's economic growth.
The government is making efforts to maintain an equilibrium between the growth of the Nidhi Sector and the protection of stakeholder interests.
CAclubindia
