Nidhi Company Compliance

Get your Nidhi Company compliant

Annual Compliance of Nidhi Company only for INR 74,999 Annual Compliance is mandatory requirement which need to be followed by every type of Business in India. You need to comply or they’ll penalize you and it can be vast. Contact Garudamudra for filing the annual compliance today.

Nidhi Company in India – An Introduction 1.

Nidhi Company Compliance

Adherence: Government must file certain forms. The compliances are based on operational, financial as well employ account of the companies. Such compliances shall be filed by the Company on a

1. Quarterly
2. Half-yearly
3. Monthly
4. Annual Basis

For a Nidhi company which business is revolving around the changes between its members, it is very imperative that they remain compliant. This compliance includes from the number of member during a financial year to submission of the financial accounts of the Company.

Otherwise there will be consequences you’d rather not face. For that, you need to contact GarudaMudra – For Annual compliance services. We will help you fully for the case and also send the submitted compliance to ROC.

Benefits of Nidhi Company Compliance

Annual Compliances for your Nidhi Company And below is why.

Good Legal Standing

If in case you fill the annual compliance, then legally it will be good in front of your “to-be” members:- The flexibility and the purpose of a Nidhi Company is such that it may have a dynamic number of members as needed. But noncompliant, it’s not an easy base to win. Being compliant to allow helps you to build on trust.

Penalty for Non-Compliance

There are punishments for not filing the compliance: Naturally, submission isn’t a choice. You have to get through them in order not to be penalized.

Smoother Business Operations

You have to make sure they don’t get in the way of your smooth operations, and annual compliance will make that the ROC won’t disturb you too much. This ensures that you have a fairly smooth process occurring.

Eligibility Criteria for Nidhi Company Annual Compliance in India

If you’re a Nidhi Company, then keep the following points in mind before applying for Nidhi Company Annual Compliance:

1. Ensure you’ve met the 200-member criteria for the financial year
2. Also, make sure that you’ve maintained the required net worth in the specific financial year

If you haven’t, you have to tell our experts so that they can take the necessary measures needed. 

Details of the to-be-filed Annual Compliance

Annual Returns of All Nidhi Companies The E-form in which annual returns is required to be filed by a Nidhi Company: RD-1 (Form for filing application/return) Documents to be attached with Form RD-1 A certified true copy of the Board Resolution Duly signed financial statement Notarized affidavit by all directors and DAO. The filing has to be done in 60 days of the date of AGM. Nidhi Company’s Annual Returns can be submitted with the electronic signature of the directors so appointed or using a registered DSC by a CA whose audit is being conducted.

The filed returns should have the details of last financial year which include:

About Nidhi Company:

1. Registered Office Address
2. Principal Business Activities of the Company_primarthe incorporation]));
3. Details of Nidhi Company’s Holding
4. Nidhi Company’s Subsidiary
5. Associate Companies

About Shares:

1. Shares details
2. Debentures
3. Securities

The Shareholding pattern of the Nidhi Company:

Nidhi Company’s Indebtedness details

About Membership:

1. Member details
2. Debenture Holders and the required changes since last financial year close

About Nidhi Company Personnel:

1. Promoters Details
2. Directors information
3. Key Managerial Personnel and changes there in since the close of the previous financial year

About General Meetings:

1. Meeting Members details
2. Meeting Members classes
3. Board of Directors
4. Various Committees
5. Attendance Details of the Meeting

For Nidhi Company:

1. Remuneration of Directors
2. Remuneration of Key Managerial Personnel

About Penalties:

1. Penalty/Imposed Punishment details
2. Imprisonment of Directors/Officers in the Nidhi Company
3. Offense Compounding details
4. Appeals against Penalty/Punishment

About Compliance:

1. Certification of Compliances
2. Disclosures details

About FDIs:

1. Share Information of FIIs like
2. Names
3. Addresses
4. Countries of Company Incorporation
5. Registration
6. Percentage of FDI’s shareholding
7. Nidhi Company’s Undertaking:
8. Particulars of undertaking signed by Directors or the Company Secretary

In case the Nidhi Company does not have any Company Secretary, a secretary in ѵгactice

Documents for filing Nidhi Company Compliance in India

Each Nidhi company has to submit the below-mentioned documents with its annual compliance form (along) to the MCA in order to substantiate its claim regarding actual legal operations of business:

1. Audit Reports of the Nidhi
2. PAN card of directors of the Nidhi Company
3. – Identity proof of the Nidhi Company’s directors
4. AGM of the Nidhi Company Minutes

Procedure of annual return filing in Nidhi Company Registration in India

There are nidhi rules and companies act which must be complied:

Filing the Form NDH-1

Each Nidhi has to ensure that the NDH-1 form along with fees is filed. This will be in form general to be certified by the Company.

The Secretary In-Practice or the Cost Accountant

Form-Time for filing This form should be filed within three months of the end of 49AForm of application for allotment of Permanent Account Number under section 139A[See section 139A and Rule 114(3)]The application for allotment of a permanent account number….

Filing the Form NDH-2

Nidhi company You have to follow some compliances for Nidhi company:

200 members or so d uring any one financial year.

Keeping Net owned funds to deposit at ratio of 1:20

In such a case, if your Company is not compliant with any of these provisions, then you are required to file the NDH-2 form:

1. In case no such communication is received from the Nidhi Company, it shall continue to comply with Rule 5 sub-rule (1) till completion of the second financial year since the date of commencement of its business and in case it fails so to comply therefrom It shall not accept any further deposits from the commencement of such second financial year till it complies with the provisions.
2. Yearly return filing: every Nidhi company should file the yearly return. It is the MGT-7 form
3. (a) AOC-4 form for submission of the annual accounts.
4. Appointment of Auditors in form ADT-1
5. Annual General Meeting
6. NDH-3 is also a half-yearly compliance. The compliance must also be filed by the Applicant.

Our Help on Annual Compliance for Nidhi Company

We Garudamudra offers complete solution for online Nidhi company annual compliance filing. Our services include:

1. Information collection and commencement of processing
2. Creating the first compliance draft
3. Criticise draft and modify where needed
4. Filing the compliance

& Garudamudra is one of the best legal consultants which caters to a complete range of services on Annual Compliance for Nidhi Companies.

If you haven’t filed your Nidhi Annual Compliance yet, then contact us at