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of <h1>Companies Restricted from Using 'Nidhi Limited' Without Declaration Under Companies Act Section 406(1) in New Amendment.</h1> The Nidhi (Amendment) Rules, 2024, issued by the Ministry of Corporate Affairs, amend the Nidhi Rules, 2014. Effective upon publication in the Official Gazette, the amendment specifies that a company cannot use 'Nidhi Limited' in its name unless it is declared as such under section 406(1) of the Companies Act, 2013. This amendment modifies rule 4, sub-rule (5) of the 2014 rules. The principal rules have been amended multiple times since their initial publication in April 2014.
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