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The basic compliance requirements for a Nidhi Company under the Companies Act, 2013, include:
Registration: It must be registered as a public company with a minimum of 7 members and 3 directors.
Net Owned Funds (NOF): It must maintain a minimum NOF of ₹10 lakh or higher as prescribed.
Deposit-Taking: It can only accept deposits from its members, not exceeding 20% of its NOF.
Membership: It must have at least 200 members within one year of incorporation.
Filing: Annual filings like Form NDH-1 (return of deposits) and Form NDH-3 (half-yearly compliance) are mandatory.
Interest Rates: It must adhere to prescribed interest rates on deposits and loans.
Loan Restrictions: Loans can only be given to members, with limits based on the company’s NOF.
Audit: Annual audits and compliance with RBI guidelines are required.
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