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 Framework for Transition Bonds
The consultation paper seeks to address these issues by proposing a structured framework for transition bonds, offering clear definitions, standards, and regulatory guidelines to ensure