Nidhi Company Annual Filing – Sahyog

Nidhi Company Annual Filing

Nidhi Company Annual Filing

General Compliances

The number of members should increase to at least 200 within one year of its incorporation.
The Net owned funds must be Rs. 20 lakhs (Modified via Nidhi (Amendment) Rules, 2022
The net owned funds and the deposits shall be in a ratio not exceeding 1: 20 that is Net Owned Funds: Deposits = 1:20.
Unencumbered term deposits should be not less than 10 % of the outstanding deposits as specified in Rule 14 of Nidhi Rules 2014.
The Nidhi Company needs to Maintain Books of Accounts, the statutory Registers etc.
The Nidhi Company needs to Convene all the Statutory Meetings

Mandatory Compliance

NDH-1 that contains all the details related to member, deposits, loans , reserves etc and it need to file within 90 days from the end of Financial Year
NDH-3 Needs to file within 30 days from the end of half financial year.
NDH-4 is filed for declaration as Nidhi Company or updating any status
AOC-4 needs to file within 60 days from the date of AGM
MGT-7 Needs to file within 60 days from the date of AGM.

Failure to Comply will attract huge amount of Penalty

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