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TMI BlogNidhi (Amendment) Rules, 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. In the Nidhi rules, 2014 (hereinafter referred to as said rules ), in rule 2, after 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 cla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he said rules , in rule 5 , - (i) in sub-rule (1), for the words from the commencement of these rules , the words from the date of its incorporation shall be substituted; (ii) in sub-rule (3), before 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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). 23B. Companies declared as Nidhis under previous company law to file Form NDH-4 :- Every company referred in clause (a) of rule 2 shall file Form 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, i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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