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<h1>Nidhis Must Comply with Nidhi Rules 2014 and 2022 Amendments: Key Requirements for Public Companies Explained</h1> A Nidhi must be a public company with a minimum paid-up equity share capital of ten lakh rupees, as per the Nidhi Rules, 2014. Existing Nidhis have eighteen months from the commencement of the Nidhi Amendment Rules, 2022, to comply. Nidhis cannot issue preference shares after the Act's commencement, and any previously issued preference shares must be redeemed according to their terms. The Memorandum of Association should focus solely on promoting thrift and savings among members, accepting deposits, and lending to members. A Nidhi must include 'Nidhi Limited' in its name, unless declared otherwise under section 406 of the Act.