Declaration for Commencement of Business (COB) from Central Government is also now required for Nidhi – The Companies (Incorporation) Amendment Rules, 2022 – MCA Notification No. – G.S.R. 291(E) dated 08.04.2022
MCA amends Companies (Incorporation) Rules, 2014 that declaration by the Central Government under section 406 of the Act shall be obtained by the Nidhi before commencing the business and a declaration in this behalf shall be submitted at the stage of incorporation by the company.