Greetings!
According to the latest amendment to Nidhi Rules ,2022 Nidhi Ltd need to file NDH-4 Within 120 days from its incorporation so has to it must have above 200 members and and net owned funds of 20 lakhs and above and once approved only it can start the operation of collecting deposits and expanding loan to member .
so for a fresh incorporation do we need to make authorized share capital above Rs.20 lakhs ?? so has make comply with net owned funds or any other ways is there to get net owned funds above 20 lakhs . kindly help me resolve this
CAclubindia
