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Nidhi (Amendment) Rules, 2019 - A Changing Paradigm for Nidhi Companies In India

August 23, 2019[2019] 108 taxmann.com 331 (Article)
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The Nidhi (Amendment) Rules, 2019 contains new insertion and substitutions. To sum up, the major amendments as discussed above is effective from 15th August, 2019 for existing Nidhi Companies under the Companies Act, 2013 as well as proposed Nidhi Companies to be incorporated after 15th August, 2019 . The adherence of these amended provisions for Nidhi Companies is mandatory for good corporate governance and for proper compliance under the dynamic corporate environment in India.
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