Query regarding NIDHI Company

[satya krishna]

Hello every one, Any one incorporated Nidhi company recently, Kindly reply. Getting one error repeatedly. Its already 2 months delay for name approval and etc. things. Our good will is at stake. Kindly reply or call. Thank you in advance. 

Phone : 9856856888

[VIKRAM RAJ]

What's the query.?

On Tue, Mar 19, 2024, 19:14 satya krishna <saty...@gmail.com> wrote:

Hello every one, Any one incorporated Nidhi company recently, Kindly reply. Getting one error repeatedly. Its already 2 months delay for name approval and etc. things. Our good will is at stake. Kindly reply or call. Thank you in advance. 

Phone : 9856856888

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[Monu Sharma]

What is the exact issue with NIDHI incorporation 

Thanks and Regards 

Monu and Associate

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[kpoffice care]

Dear Friends,

Applied For Name availability of a NIDHI company as " XYZ NIDHI LIMITED"

APplication got rejected with the below remark:

Type Entity Selected as " NIDHI Comapny", can anyone please suggest how to move forward for Name application.

Thanks in advance

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Thanks & Regards

CS Manju Reddy

Company Secretary in Practice

Kukatpally, Hyderabad

[satya krishna]

Dear Manju Reddy, they are wilfully objecting to all NIDHI Companies, our company got rejected at the final step with the same remarks. We did all submissions, declarations etc and invested more than 3 months from name approval to Spice part B submission. MCA raised senseless queries, we answered all and resubmissions were done accordingly. We paid more than a lakh Stamp Duty & Fee etc. At last they rejected our complete process with those remarks. 

This is the new way to loot the public and harass professionals. How can we submit a name application without the word NIDHI ? Is it possible to incorporate a Private Limited Company without Private Limited words ?? If they really want to control Nidhi, at least they should give a notification stating the same. 

So my sincere advice is first, let the client know this harsh reality. Otherwise you will suffer in between. Already we are suffering and facing the heat. Because NIDHI is a public company and it has many members involved. Particularly our good will, time and peace is important above all. 

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satya?

[kpoffice care]

Thank you so much for sharing your Practical experience Sir

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[satya krishna]

We are trying an alternative way, will let you know if it works. Whatsapp me

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satya?

[kpoffice care]

Sure Sir and Thank you

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[Nishant Jain]

They are not incorporating NIDHI companies even if somehow you able incorporate it you won't able to do business as for starting business you to be declared as nidhi company by filing NDH-4 but mca not approving the same.

We have filed NDH-4 around 2 years back but it's still pending for approval.

Better you go for NBFC.

Nishant jain

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[CS Jasveen Kaur Saluja]

Hello Nishant

Further to this discussion, we are also stuck in the same situation and advised the Client to go for NBFC. I needed a clarity that in this case which type of NBFC shall we go for??? 

we are thinking for NBFC-ND (Non- Deposit Taking) - Category

Type NBFC-ICCs (Investment and Credit Companies.

All your opinions are welcome.

[Hitesh Mantri]

Yes Jasveenji,

If you Think about NBFC then you need to go for  

NBFC-ND (Non- Deposit Taking) - Category

Type NBFC-ICCs (Investment and Credit Companies. 

(Non- Deposit Taking) - Category  ___ it is a Category B NBFC & RBI Grant Licence or allow only type B NBFC now a days  

[CS Jasveen Kaur Saluja]

Hello Nishant,

Thanks for your generous response. But Could you please elaborate the Category B NBFC you are talking about- Its type as well, Because i couldn't find any info regarding Category B in RBI circulars and notifications.

Also what will be the minimum NOF needed for this type of NBFC, somewhere it is 2 cr and somewhere it's 10 cr.

Request you to please let me know the above.

Best Regards

Jasveen

[SURENDER HARSH]

Clarification on Rejection of Nidhi Company Incorporation (taxguru.in)

Save a tree... Please don't print this e-mail unless it is absolutely necessary!

Thanks & Regards 

CS SURENDER KUMAR HARSH 

FCS, MBA (FINANCE), DLM, DIM, M.COM. ,TRADEMARK ATTORNEY,

S.K.HARSH & ASSOCIATES (UNIQUE ID - (S2014RJ2642000)

COMPANY SECRETARY IN PRACTICE  (F10229)

(PEER REVIEWED FIRM( PRC NO. 2691/2022)

Past Chairman Bikaner Chapter NIRC of ICSI

IST FLOOR VED MARKET RANI BAZAAR, 

BIKANER RAJASTHAN-334001

98291-61417, 85030-11417 

Email id :- cssk...@gmail.com, pcs.s...@gmail.com

Web :www.skharshassociates.com

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[Md Manzar]

any latest updates on nidhi incorporation?

please share if your have info?

Thanks & Regards

Md Manzar

9110177117