26.1.2 Nidhi Rules, 2014
2. Application.—These rules shall apply to,—
(a) every company which had been declared as a Nidhi or Mutual Benefit Society under sub-section (1) of Section 620A of the Companies Act, 1956;
(b) every company functioning on the lines of a Nidhi company or Mutual Benefit Society but has either not applied for or has applied for and is awaiting notification to be a Nidhi or Mutual Benefit Society under sub-Section (1) of Section 620A of the Companies Act, 1956; and
(c) every company incorporated as a Nidhi pursuant to the provisions of Section 406 of the Act.