Articles on Nidhi Rules
Nidhi Company Compliances - Nidhi Companies could face tough times from the Government soon
By Agam Gupta July 11, 2019
If you are running a Nidhi Company including raising illegal funding by luring offers and then diverting the funds to other business or spending it on luxury, then you might face tough times by the gov.
Nidhi Amendment Rules 2019 - All About NDH-4 - Meaning, procedure and filings
By Agam Gupta July 2, 2019
Government of India has amended the original Nidhi rules 2014 by through Nidhi (amendment) rules 2019. With new rules, the government has also introduced a brand new compliance form, NDH 4 which is required to be filed by every Nidhi Company.
How to convert Nidhi Company into NBFC ?
By Agam Gupta June 15, 2019
Whether Nidhi Company can be converted into a full fledge NBFC? The answer is no. Nidhi Company cannot be converted into a Non-Banking Financial Company, because it is neither feasible nor legally tenable.
Benefits of Nidhi Company Registration
By Aruna Bhayana June 14, 2018
Nidhi is ‘Treasure’ and in the financial market, however, Nidhi Company means a company which tries to cultivate the habit of saving by accepting deposits and providing loans amongst its members.
Can Nidhi Company do Micro Finance (MFI) business or Give Personal Loans in India?
By Paras Mehra April 17, 2017
Nidhi Companies are not allowed to do a Micro Finance business in India. Micro Finance credit is a type of business which has been specifically assigned to Non Banking Financial Companies (NBFC) with a minimum net owned fund of Rs.5 crore.
What is Nidhi Status and How to apply for Nidhi Company Status? – Myth or reality
By Paras Mehra January 13, 2017
Now, with the advent of Companies Act, 2013 companies does not require any Nidhi status, and they are straight away approved with as a Nidhi status subject to rules and regulations as may be prescribed.
Can Nidhi Company give loan to its directors?
By Paras Mehra January 13, 2017
Yes, Nidhi Company can give a loan to its directors, or his relative in their capacity as members and such transaction is disclosed in the annual accounts by a note.
Membership Form of Nidhi Company – Download
By Paras Mehra January 12, 2017
The membership form of Nidhi Company is everyone’s need and believe it or not, no one gets it right
How to make members In Nidhi Company –step by step procedure
By Paras Mehra January 10, 2017
To make any person a member of Nidhi Company, 1 share must be given to him. However, in case if member wants to have recurring or fixed deposit, the number of shares shall be 10.
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