The Corporate Affairs Ministry has prescribed doubling the Net Owned Fund of a Nidhi company to ₹20 lakh. Also, minimum paid-up capital requirement has been enhanced to ₹10 lakh as against ₹5 lakh. The Ministry has amended Nidhi Rules 2014, which have come into effect from April 19. "To safeguard the interest of general public, it has become imperative that before becoming its member, one must ensure declaration of a company as a Nidhi by the Central Government and towards this, a fewnecessary/important amendments in the Rules have been carried out which are applicable to the Companies to be incorporated after Nidhi (amendment) Rule, 2022," a statement said.
[April 2022 News (exam date- 28 May 2022)]
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