Annual Compliance of Nidhi Company


Company which has been incorporated as Nidhi Company with the object of Cultivating the habit of thrift and savings amongst its members, is required to file return of its Statutory Compliance in Form NDH-1 with Registrar within 90 days from the end of first financial year of its incorporation. Nidhi Company is also required to file half yearly compliance in Form NDH-3 within 30 days from the conclusion of each half year.


Rietway Consultants Nidhi Company Compliance Package


The Services which are included in our package are as Follows:
✅ Preparation of Financial Statements
✅ Annual Report
✅ Director’s Report
✅Director’s KYC
✅ Income Tax Return of Company
✅ Filing of Form NDH-1 to Roc
✅ Filing of Form NDH-2 to Roc (If Required)
✅ Filing of Form NDH- 3to Roc
✅ Filing of Form NDH- 4to Roc
✅ Filing of Form Aoc-4 to ROC
✅ Filing of Form MGt-7 to Roc
✅ Filing of Form INC 20 A for Commencement of Business


FILING OF REQUISITE ANNUAL FORMS WITH ROC BY NIDHI COMPANIES:


1. Form NDH-1 within 90 from the close of financial year;
2. Form NDH-3 within 30 days from the conclusion of each half year;
3. Form AOC-4 within 30 days of annual general meeting;
4. Form MGT-7 within 60 days of annual general meeting.


DO’S AFTER INCORPORATION FOR NIDHI COMPANIES:


1. Open a current account with any scheduled bank in the name of the Company and file Form 20A accordingly before commencing its business operations.

2. Within a period of one year, ensure that it has-
(a) not less than two hundred members;
(b) Net Owned Funds of Rupees Ten Lakh (Rs. 10,00,000) or more;
(c) Unencumbered (i.e. free from any kind of charges) term deposits of not less than ten per cent. of the outstanding deposits, and
(d) ratio of Net Owned Funds to deposits of not more than 1:20.

In the event the Company is not complying with (a) or (d) above, it shall within thirty days from the closure of the first financial year, apply to the Regional Director in Form NDH-2 for extension of time. 3. Comply with the contents of the application form as prescribed.

4. For the purpose of identification, take proof of identity and address as prescribed (not older than two months) from depositors.

5. Adhere to prudential norms as prescribed under Rule 20 of the Nidhi Rules, 2014.


FAQ On Nidhi Company Complainces


Is Annual Return needed to be filed by a Nidhi Company?
Every Nidhi Company needs to file an annual return. The annual return is also available for public inspection once payment of prescribed fees is made to the Registrar.

What are the forms that a Nidhi company is required to file?
Form AOC-4: For filing financial statement and other documents.
Form MGT-7: Form for filing Annual Return by Companies having share capital.
Form NDH-1: Statutory Compliance.
Form NDH-3: half yearly compliance.

What will be the due date for Form NDH 3?
Every Nidhi Company is required to File Form NDH-3 with ROC within 30 days from the close of each half year. i.e. 30th April for the half year ending on 31st March and 30th October for the half year ending on 30th September.

What will be the due date for filing the form MGT 7 and AOC 4?
MCA Form AOC 4 must be filed within 30 days from the date of AGM That means if AGM is on 30th September then E-form AOC 4 due date would be 29th October.
While MCA Form MGT7 should be filed within 60 days from the date of AGM. That means if AGM is on 30th September then ROC Form MGT 7 due date would be 28th November.