https://www.taxtmi.com/article/detailed?id=10359 Companies seeking declaration as a Nidhi must file the prescribed declaration form within a specified period, meet membership and net owned fund thresholds, and ensure each director satisfies a fit and proper standard excluding persons with specified criminal, insolvency, regulatory or mental capacity disqualifications and caps on concurrent Nidhi directorships/promoter roles. The Government must decide within a fixed timeline or approval is deemed, and non compliant companies are prohibited from accepting deposits or lending to members, with any such deposits treated as regulated deposits under the Act. en-us Fri, 22 Apr 2022 08:28:05 +0530 Fri, 22 Apr 2022 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10359 Companies seeking declaration as a Nidhi must file the prescribed declaration form within a specified period, meet membership and net owned fund thresholds, and ensure each director satisfies a fit and proper standard excluding persons with specified criminal, insolvency, regulatory or mental capacity disqualifications and caps on concurrent Nidhi directorships/promoter roles. The Government must decide within a fixed timeline or approval is deemed, and non compliant companies are prohibited from accepting deposits or lending to members, with any such deposits treated as regulated deposits under the Act. Articles Corporate Laws / IBC / SEBI Fri, 22 Apr 2022 08:28:05 +0530 https://www.taxtmi.com/article/detailed?id=10359