valid as on 23/11/2020

Font in blue effective from 15.08.2019

26.1.5 Nidhi Rules, 2014

5. Requirements for minimum number of members, net owned fund etc.—(1) Every Nidhi shall, within a period of one year  from the commencement of these rules, ensure that it has—

(a) not less than two hundred members;
(b) Net Owned Funds of ten lakh rupees or more;
(c) unencumbered term deposits of not less than ten per cent of the outstanding       deposits as specified in rule 14; and
(d) ratio of Net Owned Funds to deposits of not more than 1:20.

(2) Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year, Nidhi shall file a return of statutory compliances in along with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar duly certified by a company secretary in
practice or a chartered accountant in practice or a cost accountant in practice.

(3) If a Nidhi is not complying with clauses (a) or (d) of sub-rule (1) above, it shall within thirty days from the close of the first financial year, apply to the Regional Director in  along with fee specified in Companies (Registration Offices and Fees) Rules, 2014 for extension of time and the Regional Director may consider the application and pass orders within thirty days of receipt of the application.

the Regional Director may extend the period upto one year from the date of receipt of application.

Explanation.—For the purpose of this rule “Regional Director” means the person appointed by the Central Government in the Ministry of Corporate Affairs as a Regional Director;

(4) If the failure to comply with sub-rule (1) of this rule extends beyond the second financial year, Nidhi shall not accept any further deposits from the commencement of the second financial year till it complies with the provisions contained in sub-rule (1) , besides being liable for penal consequences as provided in the Act.

Substituted vide the Nidhi (Amendment) Rules, 2019 dated 01.07.2019 w.e.f., 15.08.2019. To view the Notification, Click Here.
Substitued vide the the Nidhi (Amendment) Rules,2020 notification dated 05.02.2020. To view the notification,Click Here. To view the return,Click Here
Substitued vide the the Nidhi (Amendment) Rules,2020 notification dated 05.02.2020. To view the notification,Click Here. To view the return,Click Here
Inserted vide the Nidhi (Amendment) Rules, 2019 dated 01.07.2019 w.e.f., 15.08.2019. To view the Notification, Click Here.
Inserted vide the Nidhi (Amendment) Rules, 2019 dated 01.07.2019 w.e.f., 15.08.2019. To view the Notification, Click Here.

Nidhi (Amendment) Rules,2020 dated 03.02.2020


The Nidhi (Amendment) Rules, 2019 dated 01.07.2019 w.e.f., 15.08.2019


Form NDH 1 (Effective til 09.02.2020)


Form NDH 1 w.e.f 10.02.2020


Form NDH 2 (Effective til 09.02.2020)


Form NDH 2 w.e.f 10.02.2020


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