Nidhi Company ROC Filings

Nidhi Company Annual Compliance In India

Nidhi Company Compliance

Compliance Refers To The Filing Of Certain Forms To The Government. These Compliances Take Into Account The Operation, The Financial And The Employ Account Of The Companies. These Compliances Are Needed To Be Filed By The Company On An

Quarterly
Half Yearly
Monthly
And Annual Basis

For A Nidhi Company, Where The Essence Of The Business Entity Lies In The Dynamic Changes Of The Members Of The Company, It Is Extremely Important For Them To Stat Compliant.

Annual Compliance Of Nidhi Company Process

This Compliance Entails Everything Pertaining To The Number Of Members In A Financial Year To The Reporting Of Financial Accounts Of The Company.

Failure To Do So Will Lead To Penalties That You Definitely Would Want To Avoid. To That End, You Need To Get In Touch Registrationwala To Annual Compliance Services. We Will Assist You Through The Entire Matter And Also Forward The Filed-Compliance To The ROC.

Benefits Of Nidhi Company Compliance

It Is Necessary For Your Nidhi Company To File Annual Compliance And The Reasons Are The Following:

If You Fill The Annual Compliance, You Will Have A Good Legal Standing In Front Of Your “To-Be” Members: The Flexibility And The Purpose Of A Nidhi Company Allows It To Have A Dynamic Number Of Members. However, If You Are Not Compliant, It Is Difficult To Get These Members. Being Allowing Compliant Helps You Develop Trust.
There Are Penalties Associated With Not Filing The Compliance: Needless To Say, Compliance Isn’t Optional. You Need To Follow Through With Them In Order To Make Sure That You Are Not Penalized.
Smooth Operations: You Need To Make Sure That Your Operations Are Smooth And Being Annually Compliant Will Make Sure That The ROC Doesn’t Bother You Much. This Makes Sure That You Have Smooth Operation Going On

Documents Required For Filing Nidhi Company Compliance In India

Audit Reports
PAN Card Of The Directors
Identity Proof Of The Directors
Minutes Of AGM

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:

Make Sure That You’ve Maintained The 200 Member Criteria For The Financial Year.
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 That So That They Can Take Necessary Measures Required.

The Process For Filing Nidhi Company Annual Compliance In India

There Is A Nidhi Rules And Companies Act That Entails The Compliance As Follows:

NDH-1: It Is Mandatory For Every Nidhi Company To Make Sure That They File The NDH-1 Form With The Prescribed Fees. This Form Should Be Duly Certified By The Company Secretary In Practice Or A Cost Accountant. The Time To File This Form Is Within 3 Months Of The Closing Of The First Financial Year After The Incorporation Of Its Company.
NDH-2: There Are Some Compliances That You Have To Adhere To For A Nidhi Company:

- Ensuring That There Are At Least 200 Members Each Financial Year
- Maintaining The Net Owned Funds To Deposit A Ration Of 1:20

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There Is A Nidhi Rules And Companies Act That Entails The Compliance As Follows:

NDH-1: It Is Mandatory For Every Nidhi Company To Make Sure That They File The NDH-1 Form With The Prescribed Fees. This Form Should Be Duly Certified By The Company Secretary In Practice Or A Cost Accountant. The Time To File This Form Is Within 3 Months Of The Closing Of The First Financial Year After The Incorporation Of Its Company.
NDH-2: There Are Some Compliances That You Have To Adhere To For A Nidhi Company:

- Ensuring That There Are At Least 200 Members Each Financial Year
- Maintaining The Net Owned Funds To Deposit A Ration Of 1:20