<h1>348 Companies Fail to Meet Nidhi Criteria; Government Warns Investors to Verify Status Under Companies Act, 2013.</h1> The government has issued a warning after 348 companies failed to meet the criteria for recognition as Nidhi companies under the Companies Act, 2013, and Nidhi Rules, 2014. Despite applying for this status, none of the scrutinized applications met the necessary requirements. Additionally, many companies operating as Nidhi companies have not applied for official recognition, violating legal provisions. Stakeholders are urged to verify the status of such companies with the Central Government before investing to ensure compliance and safeguard their investments.