by Audit Analyst | Oct 13, 2025 | Nidhi Company
1. Increased Regulatory Oversight and Reforms The Ministry of Corporate Affairs (MCA) has introduced stricter compliance norms through amendments to the Nidhi Rules Companies now require a declaration of intent and approval from the Central Government before...
by Audit Analyst | Oct 13, 2025 | Nidhi Company
1. Muthoottu Nidhi (Kerala) One of the oldest and most reputed Nidhi Companies in India Headquartered in Kerala, it operates with hundreds of branches across southern India Offers member-focused services like gold loans, recurring deposits, and fixed deposits Known...
by Audit Analyst | Oct 13, 2025 | Nidhi Company
1. Approach the Nidhi Company’s Internal Grievance Cell The first step is to contact the Grievance Officer or the Managing Committee of the Nidhi Company Submit a written complaint via letter, email, or official grievance form Mention the membership number, nature of...
by Audit Analyst | Oct 13, 2025 | Nidhi Company
1. Statutory Compliance and Regulatory Filings Nidhi Companies are required to file statutory forms such as NDH-1, NDH-3, AOC-4, and MGT-7 with the Registrar of Companies These filings disclose details of members, deposits, loans, financial statements, and governance...
by Audit Analyst | Oct 13, 2025 | Nidhi Company
1. Balance Sheet and Statement of Profit and Loss Nidhi Companies must prepare a Balance Sheet and Profit and Loss Account annually as per Schedule III of the Companies Act, 2013 The Balance Sheet includes share capital, reserves, member deposits, loan assets, and...
