Madras High Court Disposes of Nidhi Company's Challenge to Rejection of NDH-4 Application and Constitutional Validity of Companies Act Amendments; Directs Fresh Consideration of Application on Merits While Leaving Legal Issues Open. Rejection of Form NDH-4 beyond the 45-day time limit without considering the petitioner's reply was found to be procedurally irregular, warranting fresh decision.
20 Mar 2025The petitioner, a Nidhi company, filed an application in Form NDH-4 on 15.04.2020 seeking declaration as a Nidhi under the Companies Act, 2013. The se...
