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5 Simple Steps

For Nidhi Company Compliance

Documents For Nidhi Company

Compliance

Auditors ReportDSC (Digital Signature Certificate)
Board Minutes

Mandatory Compliances for Nidhi Company

NDH-1

Each Nidhi Company needs to file the NDH-1 form along with prescribed fees. This needs to be submitted within a term of total 90 days post closure of 1st financial year since the incorporation.

NDH-2

Nidhi Company is required to file the NDH-2 form with regional director that ensures 200 members for the financial year.

NDH-3

This particular compliance requirement is the half-yearly return required to be filed by 30th September as well as 31st March each time.

Rule 5 Sub-Rule (1)

In case the Nidhi Company doesn’t comply with the Rule 5 sub-rule (1) post 2nd financial year, the company is refrained from accepting any deposits till the compliance is completed.

Form AOC-4

Each Nidhi company needs to file the financial statements as well as the notice for calling Directors Report, General Meeting, Balance Sheet, Auditors Report, etc.


About Nidhi Company Compliance


Nidhi Company, registered under the Companies Act, 2013 needs to submit the annual returns for MCA. This is a Public Limited Company is made for the sole purpose of lending and accepting deposits to the members. It can also be termed as a non-banking type financial company that has completely been exempted from provisions of the RBI. There are several compliances to be adhered to by the Nidhi Company such as Company Law, Money Laundering, Ratio, etc.

  • Basic Package
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  • Compliances as per Nidhi Rules and Companies Act (compliance management for a Co. with a turnover of Rs.100 lakhs per annum)
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  • Standard Package
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  • Compliances as per Nidhi Rules and Companies Act (compliance management for a Co. with a turnover of less than Rs.200 lakhs per annum).
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  • Premium Package
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  • Compliances as per Nidhi Rules and Companies Act (compliance management for a Co. with a turnover of less than Rs.300 lakhs per annum.
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Frequently Asked Questions
How many people are required to register a nidhi company?

A minimum of 3 directors and 7 shareholders are required to register a Nidhi company in India.

What are the requirements to be a Director?

The Director needs to be over 18 years of age and must be a natural person.

Is an office required for starting a Nidhi Company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

Do I have to be present in person to incorporate a Nidhi Company?

No, you will not have to be present at our office or appear at any office for the registration of a Nidhi Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.

What is a Digital Signature Certificate?

A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Nidhi Company.

What are the documents required for registration?

Identity proof and address proof is mandatory for all the proposed Directors of the Nidhi Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

How long will it take to incorporate a Nidhi Company?

We can incorporate a Nidhi Company for in 20-30 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

How long is the registration of the Company valid for?

Once a Nidhi Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. A Nidhi Company must have a minimum of 200 shareholders and comply with other criterias within one year of incorporation. In case, annual compliances are not complied with, the Nidhi Company will be asked to refund the deposits.

What is Director Identification Number (DIN)?

Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

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