Application to Regional Director for extensions, branch openings/closures, intimations, or withdrawal of unencumbered deposits by Nidhi companies. Form NDH-2 sets out the procedure for Nidhi companies to apply to the Regional Director for extension of time, permission to open or close branches, or withdrawal of unencumbered deposits, and to intimate the Registrar about branch or collection centre changes; it requires company identification, purpose of application, financial position (including number of members and ratio of net owned funds to deposits), reasons and justification, board resolution authorising filing, audited financial statements and other attachments, certification by an authorised officer or practicing professional, and a declaration acknowledging penal consequences for false statements under the Companies Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Application to Regional Director for extensions, branch openings/closures, intimations, or withdrawal of unencumbered deposits by Nidhi companies.
Form NDH-2 sets out the procedure for Nidhi companies to apply to the Regional Director for extension of time, permission to open or close branches, or withdrawal of unencumbered deposits, and to intimate the Registrar about branch or collection centre changes; it requires company identification, purpose of application, financial position (including number of members and ratio of net owned funds to deposits), reasons and justification, board resolution authorising filing, audited financial statements and other attachments, certification by an authorised officer or practicing professional, and a declaration acknowledging penal consequences for false statements under the Companies Act.
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