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of <h1>Nidhi Rules, 2014: Rule 12 details deposit form requirements for Nidhi companies, including depositor verification and compliance.</h1> The Nidhi Rules, 2014, Rule 12 outlines the requirements for application forms for deposits with a Nidhi company. It mandates inclusion of details such as the Nidhi's name, incorporation date, business activities, management details, financial performance, and terms of deposit repayment. The form must also contain statements regarding legal recourse for deposit issues, disclaimers about government responsibility, and a depositor verification clause. Nidhi companies must verify depositor identities using specified documents like a passport or driving license. Additionally, they must maintain records of depositor introductions and ensure compliance with these requirements before accepting deposits.
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