MCA Nidhi Companies Advisory High Returns Risk Factors
The Ministry of Corporate Affairs (MCA) has issued an urgent public advisory cautioning investors against putting their funds into non-compliant Nidhi companies that entice members with promises of unusually high returns. During the evaluation of Form NDH-4 filings, the MCA detected widespread non-compliance with the Companies Act, 2013, and Nidhi Rules, 2014. A significant number … Read more