https://www.taxtmi.com/acts?id=18266 Rule 5 requires every Nidhi, within a prescribed period from incorporation, to meet minimum membership and Net Owned Funds thresholds, maintain specified unencumbered term deposits relative to outstanding deposits, and observe a maximum Net Owned Funds to deposits ratio. It mandates filing Form NDH-1 with professional certification within set timelines, allows application to the Regional Director for an extension of time, and provides that failure to comply beyond the prescribed financial year horizon bars further acceptance of deposits and attracts penal consequences. en-us Mon, 31 Mar 2014 18:47:34 +0530 Wed, 18 Mar 2026 16:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18266 Rule 5 requires every Nidhi, within a prescribed period from incorporation, to meet minimum membership and Net Owned Funds thresholds, maintain specified unencumbered term deposits relative to outstanding deposits, and observe a maximum Net Owned Funds to deposits ratio. It mandates filing Form NDH-1 with professional certification within set timelines, allows application to the Regional Director for an extension of time, and provides that failure to comply beyond the prescribed financial year horizon bars further acceptance of deposits and attracts penal consequences. Act-Rules Companies Law Mon, 31 Mar 2014 18:47:34 +0530 https://www.taxtmi.com/acts?id=18266