As per Rule :
(1) Every Nidhi shall, within a period of one year 1[from the date of its incorporation], ensure that it has-
(a) not less than two hundred members;
(b) Net Owned Funds of ten lakh rupees or more;
(c) unencumbered term deposits of not less than ten percent. of the outstanding deposits as specified in rule 14; and
(d) ratio of Net Owned Funds to deposits of not more than 1:20.
(2) Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year, Nidhi shall file a return of statutory compliances in 4[Form NDH-1] along with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar duly certified by a company secretary in practice or a chartered accountant in practice or a cost accountant in practice.
We understand its a One-time Filing after its incorporation either Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year (in case of not falling under First Year), Here not stated subsequent Year or every year so we can opine that its one-time Compliance Return. PLease clarify if anyone having strong views on this.
Hi all,
As per Section 196 (2) No company shall appoint or re-appoint any person as its managing director, whole-time director or manager for a term exceeding five years at a time.
Is the above provisions applicable to a Nidhi Company i.e. can a Nidhi company appoint a WTD for a period of 10 years.?
Dear Members,
Within how many days is a Company Secretary need to be appointed after resignation of previous Company Secretary.
Who can sign the Balance Sheet in case of no Company Secretary appointed in the company if it is mandatory to appoint one.
Thanks in advance.
secretary
company
appointment
timeline
Dear colleagues,
I am trying to incorporate One Person Company but I got resubmission for the third time and the common objection is
Pl make the following compliances as it is final opportunity :-
1.As per rule 3(6) of the Companies (Incorporation)
Rules, 2014 OPC cannot carry on NBFC related activities and no OPC can acquire/invest in securities of any body
corporate and further OPCcannot issue or allot shares to anyone except its member. Please remove such objects from MOA/AOA i.e. Point no. 3(ii) & 8 from AOA.
there is no such activity related to it, kindly help in this regard. i am also sharing object clause along with this mail
times
thrice
query
submission
Dear All
Kindly inform in case if holding company is having Whole time Company Secretary then in it's wholly owned subsidiary is there any exemption for appointment of Whole time Company Secretary as paid up capital of WOS is 11 crores and it is an unlisted public company.
secretary
company
time
whole
appointment
Dear colleagues,
I am trying to incorporate One Person Company but I got resubmission for the third time and the common objection is
Pl make the following compliances as it is final opportunity :-
1.As per rule 3(6) of the Companies (Incorporation)
Rules, 2014 OPC cannot carry on NBFC related activities and no OPC can acquire/invest in securities of any body
corporate and further OPC cannot issue or allot shares to anyone except its member. Please remove such objects from MOA/AOA i.e. Point no. 3(ii) & 8 from AOA.
there is no such activity related to it, kindly help in this regard. i am also sharing object clause along with this mail
times
thrice
query
submission
Hello Professionals
What is the time limit for filling inc 28 for order passed by NCLT UNDER SECTION 31 of IBC approving resolution plan.
Dear all,
I have to register DSC Of Whole time employed CS. Can anybody tell me under which designation I have to associate DSC.
employed
time
whole
registration
Dear Members,
One of the subscriber to MOA of a pvt company is having shareholding of 99.99% ie held by a public company.
My query is it necessary to have 7 subscribers to MOA in the case of deemed public company at the time of incorporation or can we incorporate with 2 members?
Any case laws supporting the views would be highly appreciated.
Dear All,
What is the maximum time limit to issue share certificates after incorporation of the Company. Can you please share the relevant provisions.
Thanks
certificates
share
issue
limit
time
What happened if partly paid shares sold in open market without payment of call money.
I bought 500 Partly paid up shares of A Limited, A limited ask for 1st call but i not paid 1st call and sold these shares in open market
In case of Private Company, Section 196(4) and 196(5) of Companies Act, 2013 is not applicable.
Therefore, whether appointment/reappointment of MD and WTD is sufficient through passing of Board Resolution only OR a general meeting is required to be conducted in addition to the Board meeting to effect the appointment/reappointment ?
Opinions are invited in this regard please.
director
time
whole
appointmentreappointment
