Quick Summary
Nidhi Companies to apply to the Central government for updation of their status/ declaration as Nidhi Company in Form NDH-4 in accordance to amended provisions of the Companies Act and Nidhi Amendment Rules 2019 In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency investor friendliness in corporate environment of the country, theCentral Government has recently amended the provisions related to NIDHI under the Companies Ac
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 :
Form NDH-4 is used by Nidhi Companies to apply to the Central Government for the updation of their status or declaration as a Nidhi Company.
The rules have been amended to make the regulatory regime more effective and to achieve objectives of transparency and investor friendliness in the corporate environment.
Companies incorporated before 15.08.2019 must apply within one year of their incorporation or within nine months of 15.08.2019, whichever is later.
Companies incorporated on or after 15.08.2019 must apply within 60 days of the expiry of one year from their incorporation date or any extended period granted.
If a company does not comply, it will not be allowed to file Form No. SH-7 (Notice to Registrar for any alteration of share capital) and Form PAS-3 (Return of Allotment). They may also face fines.
A Nidhi Company is a company incorporated with the object of cultivating the habit of thrift and saving amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit.
CAclubindia
