Nidhi (Amendment) Rules, 2019: Stricter Compliance for Nidhi Companies on Membership, Net-Owned Fund, and Transparency.

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....The Nidhi (Amendment) Rules, 2019 impose stricter compliance requirements on Nidhi companies, focusing on membership, net-owned funds, and transparency. These amendments aim to enhance regulatory oversight and ensure better governance within Nidhi companies. The changes mandate specific criteria for membership growth, a minimum threshold for net-owned funds, and increased transparency in operations, thereby strengthening the financial stability and accountability of these companies.....