Nidhi (Amendment) Rules 2022
On 20th April, 2022, the Ministry of Corporate Affairs amended the Nidhi Rules, 2014 to safeguard the interests of the general public.
- Under the Companies Act, 2013, initially, there was no need for a company to get a declaration from the Central Government to function as a Nidhi Company, now it has been made mandatory.
Need
- The move by the corporate affairs ministry comes against the backdrop of a significant increase in the number of Nidhi companies in recent years and instances of the people getting duped by fraudulent money pooling activities.
- During 2014-2019, more than 10,000 companies got incorporated. However, only ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
India Watch
- 1 Conference on Criminal Justice System
- 2 Framework for Holistic Development of Trainers in Skilling Ecosystem
- 3 Blue Corner Notice of Interpol
- 4 SC Directives to Strengthen JJ Act, 2015
- 5 Supreme Court’s Observation on SC & ST Act, 1989
- 6 Supreme Court Orders against Illegal Mining in Tiger Reserve
- 7 Supreme Court Limits ED’s Power to Arrest under PMLA
- 8 Supreme Court Judgment on Private Property Acquisition
- 9 Lawyers’ Services not covered under CPA: SC
- 10 Reservation for Women in SC Bar Association Committee
