Nidhi Company Annual Filing

Nidhi Company Annual Filing refers to the mandatory annual reporting requirements for Nidhi companies, which are non-banking finance companies that operate in India. The annual filing process includes submitting various forms and documents to the Registrar of Companies (RoC) to ensure compliance with regulations and maintain the company’s legal status.

Need Help with Company Registration?

Fill in the details below

Overview
Advantages
Procedure
Documents

A Nidhi Company is a company registered under the Companies Act, 2013 to develop Cultivating the habit of thrift and savings amongst its members only. It is also considered as an NBFC & has been exempted from provisions of RBI Act, 1935.

Like all other business structures registered under the companies act, 2013, a Nidhi company is also required to fulfill certain compliances which are as below:

File form NDH-1 within 90 days from the close of the first financial year after its incorporation and where applicable, the second financial year.
File form NDH-2 in case of non-compliance with the following:

To ensure 200 members in a financial year.
To maintain the Net owned funds to deposit ratio of 1:20.

File form NDH-3 (half-yearly return) at the end of 30th September and 31st March every time.
Form AOC-4: Filing of Financial Statements
Form MGT-7: Annual Return

Credibility & Transparency : Proper compliance is the obligation of every company. This regular compliance helps the company in raising its credibility. In government tenders, loans, etc., the authority or banks, etc. consider the regular compliance as criteria for ensuring the credibility & transparency of an organization.

Active Status : As stated earlier, regular default in annual compliances results in striking down of name of the company by the registrar. So, annual compliance helps in marinating active status.

Client Assurance : clients that the company is regularly reviewing its operation. So, they can trust the company regarding their operations.

Correctness of data : Annual compliance by the companies ensures that the data collected for annual compliance is correct.

Step 1:Documents & other Information: Provide necessary documents required for compliance & other filing activities.

Step 2:Complete Annual Compliance: Our Compliance expert advisor will help your Section 8 company to complete annual and other mandatory Compliance.