Applicability of Nidhi Company:-
The Centre made ‘Nidhi Rules, 2014’ for purpose of the carrying out objectives of ‘Nidhi’ companies. These rules shall be applicable are:
1. A Nidhi
/Mutual Benefits registered under Section 620A(1)of the Companies Act, 1956
2. Every company functioning on lines of the Nidhi company
Registration online or mutual benefit society but either not applied and is awaiting notification to be a Nidhi Company
Certificate Registration or Mutual Benefit Society under Section 620A(1)of the Companies Act, 1956
3. Every company incorporated as a Nidhi with the respect to provisions of Section 406 of Companies Act, 2013.