Quick Checklist
- Bank Statement for the financial year
- Details of the members
- Details of the cash transactions if any
- Details of loans and deposits by the members
- Details regarding reserves if any
Nidhi Company Annual Filing
All you need to know
Nidhi Company:
The literal meaning of Nidhi is ‘fund’, ‘finance or treasure’. Nidhi Company is incorporated with the object of developing the habit of thrift and save and reserve the funds amongst its members and also receiving deposits and lending from and to its members only, for their mutual benefit.
Though there are no separate registrations to be done under RBI for a Nidhi company, RBI has the power to issue directives to them. However, Nidhi company needs to fulfill the minimum requirements for the registration, which are as follows:
- A minimum of 7 members
- Minimum 3 directors
- All such companies must apply “Nidhi Limited” after its name.
- Every Nidhi company must ensure within a period of one year from the commencement that it has not less than 200 members.
Nidhi Company Annual FIling:
Nidhi Company is required to file returns twice a year and yearly returns once with ROC every year. Apart from this Nidhi Company is also required to file its Financial Statements in Form AOC 4 and Annual Return in form MGT 7 annually with ROC.
Following are the forms required to be filed by Nidhi company every year with ROC:
- Form NDH 1
- Form NDH 3
- MCA Form MGT 7
- MCA Form AOC 4
Every Nidhi Company is required to comply with provisions of Companies Act, 2013 and Nidhi Rules, 2014. In a way every Nidhi Company is a Public Limited Company. Hence it requires to follow all the provisions applicable to Public Limited Company unless exempted from compliance of specific section with or without any modification.
Why choose caagrawalkanhere as your service provider for Nidhi Company Annual Filing?
caagrawalkanhere is a group of intellectuals. The entire team of caagrawalkanhere consists of Highly qualified CA, CS, Lawyers and business administrators. caagrawalkanhere would be a one stop destination for your Nidhi Company Annual Filing in India. We also provide services like Company registration, Start up advisory, Secretarial compliance services, PAN / TAN application, DIN registration, ESI registration GST registration, Trademark registration, GST / Income tax return filing and many more.
Lack of documents? Unaware about the Legal aspects of business? Don’t worry, we have got you covered with the help and guidance you are looking for. To know about the entire Nidhi Company Compliance Checklist, get in touch with our compliance manager on 0755 276 1432 or email us at info@caagrawalkanhere.com for free query and to know more about us and the services we provide.
Annual filing of Nidhi Company by CA Agrawal Kanhere
Forms to be filed
Form NDH 3
Form NDH 3 is a half yearly compliance of Nidhi Company. It contains the details of No. of Members admitted and ceased during the half year,details of members, Loan etc Form NDH 3 to be filled with ROC within 30 days from the close of each half year.
Form NDH 1
This is a Statutory compliance of Nidhi Company. Form NDH 1 contains all the details regarding the members, loans , deposits, reserves etc for the full financial year. Every Nidhi Company is required to file Form NDH-1 with ROC within 90 days form the closure of Financial Year.
Form AOC 4
Like every other company, Nidhi Company is required to file its Financial Statements, along with Notice calling General Meeting, Directors Report, Auditors Report and Balance sheet to ROC within 30 days from the date of Annual General Meeting of the Company.
Form MGT 7
Every Nidhi company is required to file its Annual Return along with List of members of Nidhi Company within 60 days from date of Annual General Meeting. The annual returns are to be filed in Form MGT 7 with ROC.
Form MGT 14
Nidhi Company is also required to report any resolutions passed for Disclosure of Directors interest, Approval of Financial Statements and Directors Report. if any to the ROC in Form MGT 14.
Form ITR 6
Nidhi companies are required to file its Income tax return in Form ITR 6 within the period of 6 months from the closure of financial year. Hence the due date for filing Form ITR 6 would be 30th September every year.
Details required for Nidhi Company Annual Filing
Nidhi Company Annual Filing- Process Flow
5 Simple Steps
1
Complete Simple Checklist
2
Submit Documents / details
3
Forms are prepared
4
NDH 1, NDH 3, AOC4, MGT7 filed
5
You receive acknowledgement
Fill Simple Checklist
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents and details provided by you and take the procedure further.
Preparation of Forms
Once you provide us the documents and details of the company, we will check the exact compliance requirement for your company. Then we will prepare all the required forms. The compliance manager dedicated to you will keep you updated on the progress of filing of the forms as and when there is a due date.
Form Filing
Once the forms are ready, we will ensure that the same is being filed before the due date to avoid any kind of penalties. Once all the filing process is completed, we will provide you with the acknowledgement. This will be done on every time we file the required form for annual filings of Nidhi Company.
FAQs On Nidhi Company Annual Filing
Get answers to all your queries
Every Nidhi Company needs to file an annual return. The annual return is also available for public inspection once payment of prescribed fees is made to the Registrar.
Form AOC-4: For filing financial statement and other documents
Form MGT-7: Form for filing Annual Return by Companies having share capital
Form NDH-1: Statutory Compliance
Form NDH-3: half yearly compliance
Every Nidhi Company is required to File Form NDH-3 with ROC within 30 days from the close of each half year. i.e. 30th April for the half year ending on 31st March and 30th October for the half year ending on 30th September
MCA Form AOC 4 must be filed within 30 days from the date of AGM That means if AGM is on 30th September then E-form AOC 4 due date would be 29th October
While MCA Form MGT7 should be filed within 60 days from the date of AGM. That means if AGM is on 30th September then ROC Form MGT 7 due date would be 28th November.
While MCA Form MGT7 should be filed within 60 days from the date of AGM. That means if AGM is on 30th September then ROC Form MGT 7 due date would be 28th November.
Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@caagrawalkanhere.com or call us @+91 9827270164.
