'Every Nidhi Company shall have to ensure certain compliance requirements within one year of incorporation. Enumerate those compliance requirements to be ensured within one year of incorporation.

According to Rule 5 of the Nidhi Rules, 2014, every Nidhi shall within a period of one year from the date of its incorporation, ensure that it has: Not less than two hundred members; Net Owned Funds of ten lakh rupees or more; Unencumbered term deposits of not less than ten per cent of the outstanding deposits as specified in rule 14; and Ratio of Net Owned Funds to deposits of not more than 1:20. However, the provisions of this rule shall not be applicable for the companies incorporated as Nidhi on or after the commencement of the Nidhi (Amendment) Rules, 2022. Further, Nidhi Companies that are incorporated on or after the commencement of Nidhi (Amendment) Rules, 2022 i.e., 19th April 2022, must comply with the following requirements within 120 days of their incorporation – It shall have at least 200 members. The Net Owned Funds of the company shall be equal to ₹20 lakhs or more.