Incorporation for declaration of Nidhi

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...., namely:- (I) it has not less than two hundred members; and (II) it has Net Owned Funds of twenty lakh rupees or more. (2) The company shall also attach, alongwith Form NDH-4, the declaration with regard to fulfilment of fit and proper person criteria, as per this sub-rule, by all the promoters and directors of the company. (3) For the purpose of determining as to whether ....

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....nforcement agency in any matter concerning company law, securities laws or financial markets which is in force; (iv) an order of conviction has been passed against such person by a court for any offence involving moral turpitude; (v) such person has been declared insolvent and not been discharged; (vi) such person has been found to be of unsound mind by a court of compet....

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....ements under sub-rules (2) and (3), the Central Government, shall notify in the Official Gazette, declaring it as a Nidhi or Mutual Benefit Society, as the case may be: Provided that the decision of the Central Government approving the application, shall be filed by the company with the Registrar alongwith Form 20A required under section 10A of the Act: Provided further that such company sha....