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.

(d)Inserted vide the Nidhi (Amendment) Rules, 2019 dated 01.07.2019. To view the Notification, Click Here. every company declared as Nidhi or Mutual Benefit Society under sub-section (1) of section 406 of the Act