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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
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.
Your Nidhi Company must file annual compliance, and the reasons are the following:
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.
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.
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.
If you’re a Nidhi Company, then keep the following points in mind before applying for Nidhi Company Annual Compliance:
If you haven’t, you have to tell our experts so that they can take the necessary measures needed.
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:
Share Details held by Foreign Institutional Investors, such as:
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:
There is a Nidhi Rules and Companies Act that entails compliance as follows:
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.
The time to file this form is within three months of the closing of the first financial year after the incorporation of the Company.
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:
We at Registrationwala provide end-to-end solutions for filing annual compliance for Nidhi Companies. Our services include:
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.
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. 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. 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:
Registrationwala.com is a leading legal consultancy firm providing comprehensive services relating to Annual Compliance for Nidhi Companies.
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:
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.
