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Get your Nidhi Company compliant

Annual compliance services for a Nidhi company at just INR 74,999 Annual compliance is a necessary measure for every form of business entity in India. Not following through will lead to penalties tha5 can be huge. Get in touch with Registrationwala to file the annual compliance today

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Annual Compliance of Nidhi Company Process

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Nidhi Company Annual Compliance in India

Nidhi Company Compliance

Compliance refers to the filing of certain forms by the government. These compliances take into account the operational, financial, and the employ account of the companies. These compliances are needed to be filed by the Company on an

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

For a Nidhi company, where the essence of the business entity lies in the dynamic changes of the Company's members, it is extremely important for them to stay compliant. 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 you would want to avoid. To that end, you need to get in touch with Registrationwala for 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

Your Nidhi Company must file annual compliance, and the reasons are the following:

Good Legal Standing

If you fill out 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 allow it to have a dynamic number of members. However, it isn't easy to get these members if you are not compliant. Being allowing compliant helps you develop trust.

Penalty for Non-Compliance

There are penalties associated with not filing the compliance: Needless to say, submission isn’t optional. You need to follow through with them to ensure you are not penalized.

Smoother Business Operations

you need to ensure that your operations are smooth, and being annually compliant will ensure that the ROC doesn’t bother you much. This makes sure that you have a smooth process going on.

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:

  • Ensure you’ve met 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 so that they can take the necessary measures needed. 

Details of the to-be-filed Annual Compliance

All registered Nidhi Companies must file their Annual Returns with the Registrar of Companies in the compliance form. The filing must be conducted within 60 days from the date of the AGM, i.e., the Annual General Meeting. A Nidhi Company can file its Annual Returns with the digital signature of the appointed directors of the Company or the registered DSCs of the Chartered Accountant auditing the Nidhi Company.

The filed returns must contain the information from the previous financial year, such as:

About Nidhi Company:

  • Registered Office Address
  • Principal Business Activities of the incorporation
  • Particulars of its Nidhi Company's Holdings
  • Nidhi Company's Subsidiary
  • Associate Companies

About Shares:

  • Shares details
  • Debentures
  • Securities
  • Shareholding pattern of the Nidhi Company
  • Nidhi Company's Indebtedness details

About Membership:

  • Member details
  • Debenture holders and the requisite changes since the previous financial year's closure

About Nidhi Company Personnel:

  • Promoters Details
  • Directors information
  • Key Managerial Personnel, along with the changes since the previous financial year's closure

About General Meetings:

  • Meeting Members details
  • Meeting Members classes
  • Board of Directors
  • Various Committees
  • Attendance Details of the Meeting

For Nidhi Company:

  • Remuneration of Directors
  • Remuneration of Key Managerial Personnel

About Penalties:

  • Penalty/Imposed Punishment details
  • Sentences served by the Nidhi Company's Directors/Officers
  • Offense Compounding details
  • Appeals against Penalty/Punishment

About Compliance:

  • Certification of Compliances
  • Disclosures details

About FDIs:

Share Details held by Foreign Institutional Investors, such as:

  • Names
  • Addresses
  • Countries of Company Incorporation
  • Registration
  • Percentage of FDI's shareholding

Nidhi Company's Undertaking:

  • Undertaking Details signed by Directors or the Company Secretary
  • If the Nidhi Company appoints no Company Secretary, then a practicing Company Secretary 

Documents Required for filing Nidhi Company Compliance in India

Every Nidhi company must file the following documents along with its annual compliance form with the MCA to further its claim of successful legal functioning:

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

Process for filing Nidhi Company Annual Compliance in India

There is a Nidhi Rules and Companies Act that entails compliance as follows:

Filing the Form NDH-1

Every Nidhi company must 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 three months of the closing of the first financial year after the incorporation of the Company.

Filing the Form 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 ratio of 1:20

If your Company is non-compliant with any of these, then you must file the NDH-2 form:

  1. If the Nidhi Company cannot follow through with the Rule 5 sub-rule (1) beyond the second financial year, it shall not accept any further deposits from that financial year until it complies with the provisions of that sub-rule.
  2. Annual return filing: a Nidhi company must file a yearly return. It is the MGT-7 form
  3. AOC-4 form for filing the annual financial statements.
  4. Auditors Appointment in the form ADT-1
  5. Annual General Meeting
  6. There is also half-yearly compliance in the form NDH-3. The applicant must file the compliance as well.

Our Assistance in filing the Annual Compliance for Nidhi Company

We at Registrationwala provide end-to-end solutions for filing annual compliance for Nidhi Companies. Our services include:

  • Collection of information and starting the process
  • Creating the first compliance draft
  • Reviewing the draft and making changes if necessary
  • Filing the compliance

Registrationwala.com is a leading legal consultancy firm providing comprehensive services relating to Annual Compliance for Nidhi Companies.

Contact us now if you've yet to file your Nidhi Annual Compliance.

FAQs

Q. What is the Nidhi Company annual compliance fee?

A. To know the Nidhi Company annual compliance fee, connect with the Incorporation experts at Registrationwala. Our seasoned professionals will detail every aspect of India's online compliance filing procedure for Nidhi Companies. Visit site:www.registrationwala.com to know more.

Q. What do you mean by the ROC annual compliance for Nidhi company?

A. Compliance refers to the filing of certain forms by the government. These compliances take into account the operational, financial, and the employ account of the companies. These compliances are needed to be filed by the Company on an

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

For a Nidhi company, where the essence of the business entity lies in the dynamic changes of the Company's members, it is extremely important for them to stay compliant. This compliance entails everything pertaining to the number of members in a financial year to the reporting of financial accounts of the Company.

Q. What are the benefits of filing Nidhi Company annual compliance?

A. Your Nidhi Company must file annual compliance, and the reasons are the following:

Good Legal Standing: If you fill out 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 allow it to have a dynamic number of members. However, it isn't easy to get these members if you are not compliant. Being allowing compliant helps you develop trust.

Penalty for Non-Compliance: There are penalties associated with not filing the compliance: Needless to say, submission isn’t optional. You need to follow through with them to ensure you are not penalized.

Q. What are the required eligibilities for the annual ROC compliance filling for Nidhi Company?

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

  • Ensure you’ve met 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 so that they can take the necessary measures needed. 

Q. Where can I download the Nidhi Company compliance forms in India?

A. You can download the Nidhi Company compliance form in India from the official web portal of the Ministry of Corporate Affairs.

Q. How to file the annual report of Nidhi company?

A. To know how to file annual reports of a Nidhi Company, refer to the process section of this web page. In that section, we have briefed you on every aspect of the online compliance filing procedure for Nidhi Companies in India. To learn more about the online compliance filing procedure, connect with the Incorporation experts at Registrationwala. Our seasoned professionals will detail every aspect of India's online compliance filing procedure for Nidhi Companies. Visit site:www.registrationwala.com to know more.

Q. What is the required documentation for the Nidhi Company annual filings in India?

A. Every Nidhi company must file the following documents along with its annual compliance form with the MCA to further its claim of successful legal functioning:

  • Audit Reports of the Nidhi
  • PAN card of the directors of the Nidhi Company
  • Identity proof of the directors of the Nidhi Company
  • Minutes of AGM of the Nidhi Company

Q. Who gives the best ROC compliance services for Nidhi company in India?

A. Registrationwala is one of the premium ROC compliance service providers in India. We provide end-to-end solutions for filing annual compliance for Nidhi Companies. Our services include:

  • Collection of information and starting the process
  • Creating the first compliance draft
  • Reviewing the draft and making changes if necessary
  • Filing the compliance

Registrationwala.com is a leading legal consultancy firm providing comprehensive services relating to Annual Compliance for Nidhi Companies.

Q. What is the required procedure for the Nidhi compliance filing?

A. To know the necessary procedure for Nidhi Compliance filing, refer to the process section of this web page. In that section, we have briefed you on every aspect of the online compliance filing procedure for Nidhi Companies in India. To learn more about the online compliance filing procedure, connect with the Incorporation experts at Registrationwala. Our seasoned professionals will detail every aspect of India's online compliance filing procedure for Nidhi Companies. Visit site:www.registrationwala.com to know more.

Q. Where can  I avail of the services for the audit of a Nidhi company?

A. Registrationwala is one of the premium ROC compliance service providers in India. We provide end-to-end solutions for filing annual compliance for Nidhi Companies. Our services include:

  • Collection of information and starting the process
  • Creating the first compliance draft
  • Reviewing the draft and making changes if necessary
  • Filing the compliance

Q. What is an NDH 3 form in Nidhi compliance filing?

A. Form filling NDH-3:

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 ratio of 1:20

Q. What are some of the Nidhi Company compliances after incorporation?

A. All registered Nidhi Companies must file their Annual Returns with the Registrar of Companies in the compliance form. The filing must be conducted within 60 days from the date of the AGM, i.e., the Annual General Meeting. A Nidhi Company can file its Annual Returns with the digital signature of the appointed directors of the Company or the registered DSCs of the Chartered Accountant auditing the Nidhi Company.

To know more about compliance, refer to the eligibility section of this web page.

Q. How to file Nidhi Company financial statements with the MCA?

A. To file Nidhi Company financial statements with the MCA, refer to the process section of this web page. In that section, we have briefed you on every aspect of the online compliance filing procedure for Nidhi Companies in India. To learn more about the online compliance filing procedure, connect with the Incorporation experts at Registrationwala. Our seasoned professionals will detail every aspect of India's online compliance filing procedure for Nidhi Companies. Visit site:www.registrationwala.com to know more.

Q. What are the repercussions of non-compliance for annual returns in India?

A. Non-compliance with the annual returns regulations can yield the Company to face disciplinary actions from Nidhi. Furthermore, if the offense is grave or if the Company deliberately chooses to hide crucial information, then the Authority can even move to cancel the practicing license.

Q. What if form ADT 1 is not filed with the MCA?

A. Non-compliance with the annual returns regulations, such as the ADT-1 form, can yield the Company to face disciplinary actions from Nidhi. Furthermore, if the offense is grave or if the Company deliberately chooses to hide crucial information, then the Authority can even move to cancel the practicing license.

Q. How to file the Nidhi Company audit report with the MCA in India?

A. To file the Nidhi Company audit report with the MCA in India, refer to the process section of this web page. In that section, we have briefed you on every aspect of the online compliance filing procedure for Nidhi Companies in India. To learn more about the online compliance filing procedure, connect with the Incorporation experts at Registrationwala. Our seasoned professionals will detail every aspect of India's online compliance filing procedure for Nidhi Companies. Visit site:www.registrationwala.com to know more.

Q. What is the fee for filing ADT 1 form in India?

A. To know about the form ADT 1 filing fee, connect with the Incorporation experts at Registrationwala. Our seasoned professionals will detail every aspect of India's online compliance filing procedure for Nidhi Companies. Visit site:www.registrationwala.com to know more.

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