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of <h1>Nidhi Companies Must Comply with Rule 3A or Face Restrictions on Filing Forms and Raising Deposits or Loans</h1> Companies classified as Nidhis under the Companies Act and incorporated before the Nidhi (Amendment) Rules, 2019, must declare themselves as such per rule 3A within one year of incorporation or nine months from the 2019 amendment's commencement, whichever is later. Non-compliance prohibits filing Form No. SH-7 and Form PAS-3. Further, companies failing to comply or having their Form NDH-4 application rejected cannot raise deposits or provide loans to members. Deposits raised after non-compliance or rejection are treated under Chapter V of the Act and must meet all applicable legal requirements.
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