MCA advises investors to verify status of Nidhi companies before investment February 25, 2021 × Corporate Affairs Ministry (MCA) has sounded a note of caution to investors looking to invest or investing their hard earned money in Nidhi companies. Investors are advised to verify the antecedents/status of a Nidhi company before becoming a member and investing in such companies, the MCA has said in an official release. In particular, the investors need to verify the declaration of their status as a Nidhi Company by the Central government, it added. Under the amended Companies Act 2013 and the ...