https://www.taxtmi.com/news?id=24387 Companies incorporated as Nidhi Company must apply to the Central Government in Form NDH-4 for declaration; a recent scrutiny of 348 applications found none met the statutory criteria, and many entities operate as Nidhis without formal declaration, creating compliance and investor-protection risks. Stakeholders should verify Central Government declaration before membership or depositing funds. en-us Tue, 24 Aug 2021 16:59:17 +0530 Tue, 24 Aug 2021 16:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24387 Companies incorporated as Nidhi Company must apply to the Central Government in Form NDH-4 for declaration; a recent scrutiny of 348 applications found none met the statutory criteria, and many entities operate as Nidhis without formal declaration, creating compliance and investor-protection risks. Stakeholders should verify Central Government declaration before membership or depositing funds. News - Tue, 24 Aug 2021 16:59:17 +0530 https://www.taxtmi.com/news?id=24387