The Companies Act 2013 has been amended in the last six months. The most important thing about these notifications is that they require immediate compliance or disclosure by the Companies in a timely manner. In this article, we will discuss preliminary notifications on important notifications for the months of January and February:

1. (1) These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2019.
   
   (2) They shall come into force on the date of their publication in the Official Gazette. 

• In the Companies (Acceptance of Deposits) Rules, 2014 (hereinafter referred to as the said rules), in rule 2, in sub-rule (1), in clause (c), in sub-clause(xviii), after the words “Infrastructure Investment Trusts,” the words “Real Estate Investment Trusts” shall be inserted.
  
   In the said rules, in rule 16, the following Explanation shall be inserted, namely:- 

Explanation :- It is hereby clarified that Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both by every company other than Government company.”.

•  In the said rules, in rule 16(A), after sub-rule (2), the following sub-rule shall be inserted, namely:-

•  In the said rules, in the Annexure, for Form DPT-3, the following Form shall be substituted namely:-

• In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government makes the following rules further to amend the National Company Law Tribunal Rules, 2016, namely:-

•  These rules may be called the National Company Law Tribunal (Amendment) Rules,2019.
  
  They shall come into force on the date of their publication in the Official Gazette. 

• In the National Company Law Tribunal Rules, 2016, in rule 71:-
• 
  
  
  (i) In sub-rule (3), in clause (b) for the words “Central Government” the words “RegionalDirector” shall be substituted.
  
  (ii) In sub-rule (4), for the words “Central Government” the words “Regional Director” shall be substituted.

•  The spread between three-month Treasury bonds and 10-year bond yields was reduced for the first time since 2007 after data from the US PMI. Estimates will not reach. This inversion of the yield curve is generally seen as a leading indicator of the recession.

Head of Global Fixed Income Management at SEI Investments Co. in Oaks, PA.The US Dollar was down 0.66% compared to the yen at 110.07, up to 6 weeks for the Japanese currency, SEE ALSO: the pound stabilizes but struggles to recover after the Japanese currency. "Delay agreement on Brexit" The recovery (in yen ) is not in line with the Japanese economy, it is rather a safe Alfonso Esparza, chief foreign exchange analyst at Oanda in Toronto.The largest creditor country and the largest creditor country in the world benefit when investors companies repatriate funds in times of financial or geopolitical tensions US dollar, which has come under pressure Federal Reserve investors have abandoned all plans to raise interest rates this year and have found a thanks to a weaker euro. "In March, SMEs confirm that GDP growth in the first" We are in the three major advanced economies, with Germany, which continues to suffer from the slowdown in global production, "wrote Simon MacAdam, a world economist such as Capital Economics.

• public Company with a minimum paid up capital of Rs. 5 Lacs
• Shall not issue preference shares
• Shall have last words “Nidhi Limited” as a part of its name.
• Minimum 3 Directors which shall mandatorily be a member of Nidhi Company.
• Minimum 7 shareholders.

• Within a period of one year of incorporation, the Nidhi Company has to ensure the following compliances:
• Minimum 200 members
• Net owned funds (“NOF”) of at least Rs. 10 lakhs. (Net owned fund means the aggregate of paid-up equity share capital and free reserves as reduced by accumulated losses and intangible assets appearing in the last audited balance sheet)
• The ratio of NOF to deposits of not more than 1:20.
• Unencumbered term deposits of not less than 10% of the outstanding deposits

• issue preference shares or debt instruments. 
• open any current account with its members. 
• acquire any Company by way of purchase of securities or controlling the composition of Directors unless approval has been taken from the Regional Director. 
• carry on any business other than the business of borrowing and lending its own name. 
• accept deposits from and lend to anyone else, apart from its members. 
Hypothecation any of the assets lodged by its members as security take deposits from any body corporate.
• into any partnership arrangement in its borrowing or lending activities.
• advertisement for soliciting the deposit. 
• pay any brokerage or incentive for mobilizing deposits from members or for granting loans. 
• levy service charges for issue of its shares or issues less than 10 shares per deposit holder. 
• grant loans to members exceeding the ceiling as mentioned in the Nidhi Rules, 2014. 
• A charge rate of interest exceeding 7.5%. 
• does not declare dividend exceeding 25%

NDH-3:


• Half yearly return shall have to be filed within 30 days from the conclusion of each half year duly certified by a company secretary in practice or chartered accountant in practice or cost accountant in practice. 

• Auditors Certificate that the Company has requisitely complied with all the provisions of the Act. 

Further, the Income Tax provisions w.r.t. a Nidhi Company and a normal Company are the same.

Definition Companies Act 2013:- Section 2(16) “Charge” means an interest or lien Created on the property or assets of the company or any on its undertaking or both as security include a mortgage.
Companies Act, 2013:- Section 77 levied duty primarily on the company creatinga charge and to register charge with ROC. Company Creating a Charge,

Section -78 of the companies act, 2013 give benefit to charging holder to the registration of the charge along with the instrument where the company fails to register u/s 77, on such application, within 14 Days after giving notice to the company,

• unless the company itself register the charge,
• or company give sufficient reason why such charge should not be registered, allow such registration on payment of such fees as may be prescribed.

In such case, charge holders have the right to incurred expense from the company.