MCA has observed that companies applying to the central Government for declaration as Nidhi cannot satisfy the requisite criteria for it. Large number of companies which are functioning as a Nidhi companies have not yet applied to the central Government for declaration. Stakeholders are advised to verify the antecedents of the company functioning as a Nidhi company and to ensure that the company has been declared as Nidhi company by the central government.
Consultation paper on Maintenance of Record of Mandatory Communication by Regulated Entities
It is proposed that the regulated entities maybe mandated to maintain the record of all such communication, which are mandated to be communicated under the