Nidhi Company Incorporation And Other Compliances

• January 2, 2020
• CA Chandan Agarwal's Office

Article explains What Is A Nidhi Company, Basic Conditions For Incorporation As Nidhi Company, Requirements For Minimum Number of Members, Net Owned Fund Etc., General Restrictions on Nidhi Companies, Share Capital And Allotment by Nidhi Companies, Membership of Nidhi Companies, Net Owned Funds to be maintained by Nidhi Companies, Condition on Opening Branches Of Nidhi Companies, Conditions for Acceptance of Deposit by Nidhi Companies, Rate Of Interest on Loan by Nidhi Companies, Rules Relating To Directors of Nidhi Companies, Rules for Deceleration of Dividend  by Nidhi Companies, Rules for Appointment Of Auditors by Nidhi Companies, Filing Of Half Yearly Return by Nidhi Companies, Auditor’s Certificate to be furnished by Auditor of Nidhi Companies, Rules for Declaration Of Nidhis, Compliance With Rule 3A By Certain Nidhis, Power of Registrar To Enforce Compliance by Nidhi Companies and Penalty For Non-Compliance of Rules on Nidhi Companies.

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