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of <h1>Nidhi companies must meet membership and financial criteria within a year or face restrictions and penalties.</h1> Every Nidhi company must, within one year of incorporation, have at least 200 members, a net owned fund of at least ten lakh rupees, unencumbered term deposits of at least 10% of outstanding deposits, and a net owned funds to deposits ratio not exceeding 1:20. Within 90 days of the financial year's close, Nidhis must file compliance returns in Form NDH-1. Non-compliance requires applying for an extension with the Regional Director. If non-compliance continues beyond the second financial year, the Nidhi cannot accept new deposits and may face penalties. These rules do not apply to companies incorporated as Nidhi after the 2022 amendment.
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