Nidhi (Amendment) Rules, 2019

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.... clause (c), the following clause shall be inserted, namely:- "(d) every company declared as Nidhi or Mutual Benefit Society under sub-section (1) of section 406 of the Act". 3.   In the said rules, in rule 3, after clause (d), the following clause shall be inserted, namely:- '(da) "Nidhi" means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with the rules made by the Central Government for regulation of such class of companies.'. 4.   In the said rules, after rule 3, the following rule shall be inserted, namely:- "3A.....

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....the Explanation, the following proviso shall be inserted, namely:- "Provided that the Regional Director may extend the period upto one year from the date of receipt of application." (iii)   in sub-rule (4), after the words, brackets and figure "contained in sub-rule (1)" , the words, brackets and figures "and gets itself declared under sub-section (1) of section 406" shall be inserted. 7.   In the said rules, in rule 7, in sub-rule (1), after the words "shall issue" the words "fully paid up" shall be inserted. 8.   In the said rules, in rule 12,- (i)   in sub-rule (1) after clause (b), the following clause shall be inserted namely : - '(ba) The date of declaration or notification as Nid....

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....NDH-4 alongwith fees as per the Companies (Registration Offices and Fees) Rules, 2014 for updating its status: Provided that no fees shall be charged under this rule for filing Form NDH-4, in case it is filed within six month of the commencement of Nidhi (Amendment) Rules, 2019: Provided further that, in case a company does not comply with the requirements of this rule, it shall not be allowed to file Form No. SH-7 (Notice to Registrar of any alteration of share capital) and Form PAS-3 (Return of Allotment). 11. In the said rules, after the Form NDH-3, the following form shall be inserted, namely:- [F. No. 1/24/2013-CL-V(Part)] (K.V.R. Murty) Joint Secretary Govt. of India Note: The principal rules were published in the Gazette of In....

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....mpany and places where opened along with dates of opening Details of branches Name of Branch District State/UT Date of Opening 10. "The ratio of net owned funds to deposits accepted 11. "Is the ratio of loan on immovable property within the prescribed limit O Yes O No Attachments 1. Copy of resolution of the board of directors in support of the proposal of the company Attach 2. Certificate signed by two directors regarding the number of members as on date of application (membership should not be less than 200) Attach 3. Certificate from the auditors of the company to the effect that the company has complied with the Nidhi Rules, 2014. Attach 4. Copy of notification through which company was declared Nidhi under the Compani....