{"id":11180,"date":"2021-03-28T01:17:36","date_gmt":"2021-03-27T19:47:36","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=11180"},"modified":"2021-11-18T16:37:44","modified_gmt":"2021-11-18T11:07:44","slug":"incorporation-of-nidhi-company","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/","title":{"rendered":"Incorporation of Nidhi Company"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e4bdb8ac431\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e4bdb8ac431\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#Guideline_for_Nidhi_Company\" title=\"Guideline for Nidhi Company\">Guideline for Nidhi Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#Incorporation_of_Nidhi_Company\" title=\"Incorporation of Nidhi Company\">Incorporation of Nidhi Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#ADVANTAGE_OF_NIDHI_COMPANY\" title=\"ADVANTAGE OF NIDHI COMPANY\">ADVANTAGE OF NIDHI COMPANY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#INCORPORATION_OF_NIDHI_COMPANY\" title=\"INCORPORATION OF NIDHI COMPANY \">INCORPORATION OF NIDHI COMPANY <\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#REQUIREMENT_OF_MINIMUM_NUMBERS_OF_MEMBERS_AND_NET_OWNED_FUND_IN_CASE_OF_NIDHI_COMPANY\" title=\"REQUIREMENT OF MINIMUM NUMBERS OF MEMBERS AND NET OWNED FUND IN CASE OF NIDHI COMPANY\">REQUIREMENT OF MINIMUM NUMBERS OF MEMBERS AND NET OWNED FUND IN CASE OF NIDHI COMPANY<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#what_are_the_requirements_for_a_Nidhi_Company_formation\" title=\"what are the requirements for a Nidhi Company formation:\">what are the requirements for a Nidhi Company formation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#Conditions_while_issuing_of_loan_to_members_%E2%80%93\" title=\"Conditions while issuing of loan to members \u2013\">Conditions while issuing of loan to members \u2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#Nidhi_Company_Membership\" title=\"Nidhi Company Membership\u00a0\">Nidhi Company Membership\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#REGISTRATION_PROCESS_OF_NIDHI_COMPANY\" title=\"REGISTRATION PROCESS OF NIDHI COMPANY\">REGISTRATION PROCESS OF NIDHI COMPANY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#AFTER_INCORPORATION_REQUIREMENT_of_IN_CASE_OF_NIDHI_COMPANY\" title=\"AFTER INCORPORATION REQUIREMENT of IN CASE OF NIDHI COMPANY\">AFTER INCORPORATION REQUIREMENT of IN CASE OF NIDHI COMPANY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/incorporation-of-nidhi-company\/#BASIC_EXEMPTION_TO_NIDHI_COMPANY\" title=\"BASIC EXEMPTION TO NIDHI COMPANY\u00a0\">BASIC EXEMPTION TO NIDHI COMPANY\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Guide_to_Register_Nidhi_Company1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11197\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Guide_to_Register_Nidhi_Company1.jpg\" alt=\"www.carajput.com; Guideline for nidhi company\" width=\"1008\" height=\"566\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Guide_to_Register_Nidhi_Company1.jpg 728w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Guide_to_Register_Nidhi_Company1-300x168.jpg 300w\" sizes=\"(max-width: 1008px) 100vw, 1008px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Guideline_for_Nidhi_Company\"><\/span>Guideline for Nidhi Company<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nidhi<a href=\"https:\/\/carajput.com\/blog\/process-of-company-registration-in-india\/\"> company<\/a> means which are incorporated as Nidhi to cultivate the habits of thrift, saving among its members, receive deposits or lending to its members only for mutual benefit and which comply with the rules made by the central government for regulation of such classes of the companies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Incorporation_of_Nidhi_Company\"><\/span><em><u>Incorporation of<a href=\"https:\/\/www.caindelhiindia.com\/blog\/frequently-asked-questions-on-nidhi-company\/\"> Nidhi Company<\/a><\/u><\/em><u><\/u><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhicompany-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11186\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhicompany-1-993x1024.jpg\" alt=\"\" width=\"963\" height=\"994\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhicompany-1-993x1024.jpg 993w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhicompany-1-291x300.jpg 291w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhicompany-1-768x792.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhicompany-1.jpg 1080w\" sizes=\"(max-width: 963px) 100vw, 963px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADVANTAGE_OF_NIDHI_COMPANY\"><\/span><span style=\"color: #000080;\"><strong><em><u>ADVANTAGE OF <a href=\"https:\/\/carajput.com\/services\/nidhi-company-registration.php\">NIDHI COMPANY<\/a><\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Advantages-of-a-Nidhi-Company.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11184\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Advantages-of-a-Nidhi-Company-683x1024.png\" alt=\"\" width=\"962\" height=\"1443\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Advantages-of-a-Nidhi-Company-683x1024.png 683w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Advantages-of-a-Nidhi-Company-200x300.png 200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Advantages-of-a-Nidhi-Company-768x1152.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Advantages-of-a-Nidhi-Company.png 1200w\" sizes=\"(max-width: 962px) 100vw, 962px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"INCORPORATION_OF_NIDHI_COMPANY\"><\/span><span style=\"color: #000080;\"><strong><em><u>INCORPORATION OF <a href=\"https:\/\/carajput.com\/services\/nidhi-company-registration.php\">NIDHI COMPANY <\/a><\/u><\/em><\/strong><\/span><u><\/u><u><\/u><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Checklist-for-Incorporating-a-Nidhi-Company.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11193\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Checklist-for-Incorporating-a-Nidhi-Company-1024x478.jpg\" alt=\"www.carajput.com; Checklist for incorporating Nidhi company\" width=\"989\" height=\"461\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Checklist-for-Incorporating-a-Nidhi-Company.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Checklist-for-Incorporating-a-Nidhi-Company-300x140.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Checklist-for-Incorporating-a-Nidhi-Company-768x359.jpg 768w\" sizes=\"(max-width: 989px) 100vw, 989px\" \/><\/a><\/p>\n<ol>\n<li>A Nidhi company shall be a public company and minimum paid-up equity share capital of Rs. 5 lakh.<\/li>\n<li>If any preference shares are issued before the commencement of the act then those preferences are redeemed by the terms of the issue.<\/li>\n<li>Nidhi company shall end its name by the words Nidhi limited.<\/li>\n<li>No object in its memorandum of association shall be cultivating the habits of thrift, saving among its members, receiving deposits, or lending to its members only for mutual benefit.<\/li>\n<li>Minimum 7 members are required before incorporation.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"REQUIREMENT_OF_MINIMUM_NUMBERS_OF_MEMBERS_AND_NET_OWNED_FUND_IN_CASE_OF_NIDHI_COMPANY\"><\/span><span style=\"color: #000080;\"><strong><em><u>REQUIREMENT OF MINIMUM NUMBERS OF MEMBERS AND NET OWNED FUND IN CASE OF <a href=\"https:\/\/carajput.com\/services\/nidhi-company-registration.php\">NIDHI COMPANY<\/a><\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"what_are_the_requirements_for_a_Nidhi_Company_formation\"><\/span><span style=\"color: #ffcc00;\">what are the requirements for a Nidhi Company formation:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>As per the company act 2013 Within a period of one year of the incorporation of the rules, the company must ensure that it has the below compliance \u2013<\/p>\n<p>Every Nidhi company shall within one year of incorporation ensure-<\/p>\n<ul>\n<li>It has not less than 200 as its members.<\/li>\n<li>Net owned fund of Rs. 10 lakh<\/li>\n<li>Unencumbered deposits were not less than 10 percent of outstanding deposits as specified in Rule 14.<\/li>\n<li>The ratio of net owned funds to the deposit shall not be more than 1:20.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Conditions_while_issuing_of_loan_to_members_%E2%80%93\"><\/span>Conditions while issuing of loan to members \u2013<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>as per the company Act 2013, A <a href=\"https:\/\/carajput.com\/services\/nidhi-company-registration.php\">Nidhi company<\/a> provides loans only to its members. It is subject to the below-mentioned limits \u2013<\/p>\n<ul>\n<li>In case Rs 2 lakhs where the total deposits from members are less than INR 2 Cr.<\/li>\n<li>If Rs 7.5 lakhs where the total deposits from members are more than INR 2 Cr but less than INR 20 Cr.<\/li>\n<li>INR\u00a0 12 lakhs where the total deposits from its members are more than INR 25 Cr but less than INR 50 Cr.<\/li>\n<li>Rs 15 lakhs where the total deposits from members are more than INR 50 Cr.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Nidhi_Company_Membership\"><\/span><strong>Nidhi Company Membership\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Each Nidhi Company will ensure that the membership is not reduced to less than 200 members at any time.<\/li>\n<li>A Nidhi company shall not admit a body corporate or trust as a member.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"REGISTRATION_PROCESS_OF_NIDHI_COMPANY\"><\/span><span style=\"color: #000080;\"><strong><em><u>REGISTRATION PROCESS <\/u><\/em><\/strong><strong><em><u>OF NIDHI COMPANY<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_11189\" aria-describedby=\"caption-attachment-11189\" style=\"width: 975px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhi-Company-Registration-Process.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11189\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhi-Company-Registration-Process-1024x768.png\" alt=\"www.carajput.com; Process of registration of nidhi company\" width=\"975\" height=\"731\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhi-Company-Registration-Process-1024x768.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhi-Company-Registration-Process-300x225.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhi-Company-Registration-Process-768x576.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/03\/Nidhi-Company-Registration-Process.png 1200w\" sizes=\"(max-width: 975px) 100vw, 975px\" \/><\/a><figcaption id=\"caption-attachment-11189\" class=\"wp-caption-text\">www.carajput.com; Process of registration of Nidhi company<\/figcaption><\/figure>\n<p><span style=\"color: #ffcc00;\"><strong><em><u>Name approval<\/u><\/em><\/strong><\/span><\/p>\n<p>Every applicant who wants to incorporated Nidhi company is required to file name availability through the run facility of the ministry of corporate affairs.<\/p>\n<p><span style=\"color: #ffcc00;\"><strong><em><u>Digital signature certificate<\/u><\/em><\/strong><\/span><\/p>\n<p>All the proposed directors need to obtain a digital signature certificate. The director can also promote the company.<\/p>\n<p><strong><em><u><span style=\"color: #ffcc00;\">Required documents in the case of <a href=\"https:\/\/carajput.com\/services\/nidhi-company-registration.php\">Nidhi company<\/a> incorporation.\u00a0<\/span><\/u><\/em><\/strong><\/p>\n<ul>\n<li>Pan card of directors and shareholders.<\/li>\n<li>Id proof of shareholders of the director.<\/li>\n<\/ul>\n<ul>\n<li>Address proof of shareholders or directors.<\/li>\n<\/ul>\n<ul>\n<li>Passport size photograph<\/li>\n<li>Property ownership document of registered office<\/li>\n<li>Digital signature certificate<\/li>\n<li>Aadhar card or voter if the card<\/li>\n<li>Rent agreement or sale deed of place being used as the registered office.<\/li>\n<\/ul>\n<ul>\n<li>Address proof registered office<\/li>\n<li>No objection certificate of the owner of the property.<\/li>\n<li>memorandum of association of the company drafted by the chartered accountant or company secretary.<\/li>\n<\/ul>\n<ul>\n<li>Article of association of the company prepared by the chartered accountant or company secretary.<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Approval<\/u><\/em><\/strong><\/span><\/p>\n<p>After submitting all the documents company will get within 20 days incorporation certificate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AFTER_INCORPORATION_REQUIREMENT_of_IN_CASE_OF_NIDHI_COMPANY\"><\/span><span style=\"color: #000080;\"><strong><em><u>AFTER INCORPORATION REQUIREMENT of <\/u><\/em><\/strong><\/span><span style=\"color: #000080;\"><strong><em><u>IN CASE OF <a href=\"https:\/\/carajput.com\/services\/nidhi-company-registration.php\">NIDHI COMPANY<\/a><\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Within 90 days of the closing of the first financial year of the incorporation of Nidhi company, then in the second financial year, Nidhi shall <a href=\"https:\/\/carajput.com\/publications\/nidhi-company-compliance.pdf\">file a return of statutory compliances<\/a> in FORM NDH -1 along with the fee provided in (registration office and fees ) Rules, 2014 with the registrar duly certified by the company secretary in practice or chartered accountant in practice or cost accountant in practice.<\/li>\n<li>If Nidhi company do not comply with the above within 30 days of the close of financial year then it shall apply to the regional director for extension of time in FORM NDH -2 along with fee provided in (registration office and fees ) Rules, 2014 and regional director pass the order within 30 days after considering the application.<\/li>\n<li>Every Nidhi company shall file FORM NDH -4 within 60 days of the expiry of-<\/li>\n<li>One year from the date of incorporation.<\/li>\n<li>The period up to which extension has been granted by the regional director.<\/li>\n<\/ul>\n<p>If a company does not company this requirement of filing the\u00a0 FORM NDH -4 then the company is not allowed to file FORM no. SH-7 ( notice to a registrar for the alteration of share capital ) and FORM PAS \u2013 3 ( return of allotment )<\/p>\n<section class=\"elementor-element elementor-element-0a9dc81 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-section elementor-top-section\" data-id=\"0a9dc81\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-row\">\n<div class=\"elementor-element elementor-element-5008fd1 elementor-column elementor-col-100 elementor-top-column\" data-id=\"5008fd1\" data-element_type=\"column\">\n<div class=\"elementor-column-wrap elementor-element-populated\">\n<div class=\"elementor-widget-wrap\">\n<div class=\"elementor-element elementor-element-e4cc317 elementor-widget elementor-widget-heading\" data-id=\"e4cc317\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n<div class=\"elementor-widget-container\">\n<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"BASIC_EXEMPTION_TO_NIDHI_COMPANY\"><\/span><span style=\"color: #000080;\">BASIC EXEMPTION TO NIDHI COMPANY\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"elementor-element elementor-element-05de4d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-section elementor-top-section\" data-id=\"05de4d8\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-row\">\n<div class=\"elementor-element elementor-element-9dc8697 elementor-column elementor-col-100 elementor-top-column\" data-id=\"9dc8697\" data-element_type=\"column\">\n<div class=\"elementor-column-wrap elementor-element-populated\">\n<div class=\"elementor-widget-wrap\">\n<div class=\"elementor-element elementor-element-e82a3ae elementor-widget elementor-widget-text-editor\" data-id=\"e82a3ae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix\">\n<table style=\"height: 1095px;\" border=\"1\" width=\"980\">\n<tbody>\n<tr>\n<td width=\"45\">S No.<\/td>\n<td width=\"221\">Compliance in the case of Nidhi Company.<\/td>\n<td width=\"579\">Exemption to the Nidhi Company<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td width=\"221\">Service of Documents and Financial Statements\u00a0 to Members in case of Nidhi Company<\/td>\n<td width=\"579\">This company act provision issue relief to the above Companies from sending documents, notices, etc. to\u00a0 small shareholders (i.e. those holding shares of 1000 Rs or less in face value of 1% or less of the total paid-up share capital of the Nidhis whichever is less) instead of documents can be served by a public notice in newspaper and notice Board<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td width=\"221\">Application of Private Placement of Shares<\/td>\n<td width=\"579\">This company act provision Few procedural requirements in relation to private placement like maintenance of record of private placement;\u00a0 restrictions on fresh offer, restriction on the receipt of subscription money in cash, etc. have been relaxed for Nidhi Companies.<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td width=\"221\">Nidhi Company-Further issue of Share capital<\/td>\n<td width=\"579\">This company act provision Nidhi Companies can make further allotment of their shares without having to comply with the requirements of As per section Section, 62 of the company act 2013.<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td width=\"221\">application of Buyback of Shares<\/td>\n<td width=\"579\">when shares are purchased by the Nidhi from a member on his ceasing to be a depositor or borrower, This company act provision shall not consider reduction of Share Capital<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Payment of Dividend in case of <a href=\"https:\/\/carajput.com\/services\/nidhi-company-registration.php\">Nidhi Company<\/a><\/td>\n<td width=\"579\">This company act provision if the dividend is not claimed by a member within 30 days from the date of declaration, then the same may be paid by crediting it to the account of the member.<br \/>\nFurther As per section Section, 127 of the company act 201<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Guideline for Nidhi Company Nidhi company means which are incorporated as Nidhi to cultivate the habits of thrift, saving among its members, receive deposits or lending to its members only for mutual benefit and which comply with the rules made by the central government for regulation of such classes of the companies. Incorporation of Nidhi &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[208],"tags":[9817,9816],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/11180"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=11180"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/11180\/revisions"}],"predecessor-version":[{"id":19072,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/11180\/revisions\/19072"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=11180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=11180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=11180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}