Govt Declares Shri Narayani Nidhi Ltd as Nidhi Company under Section 406

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  • Last Updated on 18 September, 2025

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Notification No. S.O. 3528(E); Dated: 30.07.2025

1. Central Government Recognises Shri Narayani (Kumbakonam) Nidhi Limited

The Central Government has officially declared ‘Shri Narayani (Kumbakonam) Nidhi Limited’ as a “Nidhi” company under sub-section (1) of section 406 of the Companies Act, 2013. This recognition grants the company the legal status required to operate as a mutual benefit society, primarily aimed at promoting the habit of thrift and savings among its members.

2. Legal Basis for Nidhi Company Declaration

Section 406 of the Companies Act, 2013 provides for the recognition and regulation of Nidhi companies by the Central Government. By issuing this declaration, the government confirms that Shri Narayani (Kumbakonam) Nidhi Limited meets the necessary conditions and operates with the intention of encouraging financial self-reliance through member-based deposit and loan activities.

3. Corporate Identity and Registration Details

Shri Narayani (Kumbakonam) Nidhi Limited is registered with Corporate Identification Number (CIN): U74999TN2017PLN120244. Incorporated in 2017, the company is structured as a public limited company and now falls under the regulatory purview of Nidhi Rules, 2014, which prescribe specific compliance obligations for such entities.

4. Operational Base in Kumbakonam, Tamil Nadu

The company’s registered office is located in Kumbakonam, a well-known town in Tamil Nadu. This regional presence will support its operations in serving the financial needs of its member base within the locality. With its new designation, the company is now empowered to carry out permitted financial activities such as accepting deposits and lending only to its members, in accordance with applicable laws and guidelines.

Click Here To Read The Full Notification 

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied