Annual Compliance for Nidhi Company

Annual Compliances are very significant for several reasons like generating accurate insights about the performance, running the operations smoothly, also safeguard the interests of the stakeholders. 

The framework of the business involves lending or depositing money among its members. This company is registered under the businesses Act, 2013 and is managed, as per the RBI’s guidelines. All the transactions are performed by the company’s members only.

Compliances of a Nidhi Company

The compliances of a Nidhi Company are divided into three parts:

1. Pre-Incorporation Compliances: These compliances have to be followed prior to getting the registration of Nidhi Company.
2. Post-Incorporation Compliances: These Compliances need to be done once your Nidhi Company has been incorporated.
3. Event-Based Compliances: Such compliances are required to be filed only once during the process of registration of the company. 

Annual Compliances for Nidhi Company

Following are the annual compliance of a Nidhi Company :

NDH-1 The form NDH-1 is used to file a Return of Statutory compliance which includes details regarding the company’s members, loans, deposits, reserves etc. for the complete financial year. Should be filed within 90 days from the closure of the first financial year post incorporation

NDH-2 The form NDH-2 is used for filing an application for an extension of time. It must be filed with the Regional Director within 90 days of the closure of the financial year.

NDH-3 The form NDH-3 is used for filing Half a yearly return with the Registrar of Companies (ROC). Should be filed within 30 days from the end of each half-year along with prescribed fees and must be duly certified by a practicing chartered account, or company secretary.

AOC-4 The form AOC-4 is used for filing financial statements and other related documents with the ROC. Should be filed within 30 days of the conclusion of the Annual General Meeting.

MGT-7 The form MGT-7 is used for filing an Annual Return. Should be filed within 60 days of the conclusion of the Annual General Meeting.

ITR-6 The form ITR-6 is used for filing a Return of Income Tax. Should be filed by 30th September of every year.

How can we help you?

These compliances can be made online you can file your application online on the official website of Online Legal India™. Our expert team of highly qualified CA/CS and 10+ years of experienced lawyers would assist you to comply with the legal filings of Nidhi Company Registration. We have budgeted services for those who are willing to venture into a company, business, or any other kind of organization. 

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