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Nidhi companies in regulatory crosshairs
Mint Mumbai
|December 17, 2024
RoC targets Nidhis; ownership defaulters hit with record penalty notices
Regulatory action against Nidhi companies or mutual benefit societies, and firms defaulting on their beneficial ownership disclosure have shot up in 2024 compared to previous years, data from the Registrars of Companies (RoCs) showed.
RoCs across the country issued as many as 131 adjudication orders, mostly imposing penalties for alleged breaches, against Nidhi companies in 2024, about 72% more than last year's 76 notices. The focused regulatory action against Nidhi companies is very pronounced, given that only three notices were recorded in 2022, and five in 2021, according to data from the ministry of corporate affairs (MCA) that regulates these entities.
Dit verhaal komt uit de December 17, 2024-editie van Mint Mumbai.
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