What changed?
- MCA reiterates that a company seeking to function as a Nidhi must apply through NDH-4 to be declared or updated as a Nidhi.
- The advisory asks the public to verify the company’s declaration status and consider deposit terms independently.
What to check next
- Check the company’s declaration status using MCA’s official records.
- Review deposit terms and the absence of DICGC cover before deciding.
The release reports 395 declared Nidhis at the time of the announcement. That is a dated figure, not a live register count.
Read the source.
Source summary checked by Codex on 11 Oct 2026. Summary checked against MCA’s official PIB release. No investment recommendation. This source summary has not been signed off by a Finnvisor Advisory professional.
Publication history
- · Initial source-checked advisory summary.
General information based on the references above. Confirm applicability and later changes with the official authority or your adviser.
