BASIC COMPLIANCE OF NIDHI COMPANY |
S.No |
Activities /Compliance Parameter |
Remarks |
1 |
Open
a current account with any scheduled bank in the name of the Company |
Immediately |
2 |
File
Form 20A accordingly before commencing its business operations. |
Within 180 days of incorporation |
3 |
Within
a period of one year from commencement of the rule , ensure that it has- (a) not less than two
hundred members; (b) Net Owned Funds of
Rupees Ten Lakh (Rs. 10,00,000) or more; (c) Unencumbered (i.e.
free from any kind of charges) term deposits of not less than ten per cent.
of the outstanding deposits, and (d) Ratio of Net Owned
Funds to deposits of not more than 1:20. |
Regular |
4 |
In
the event the Company is not complying with (a) or (d) above, it shall within
thirty days from the closure of the first financial year, apply to the
Regional Director in Form NDH-2 for extension of time. |
30 days (Extension) |
5 |
Comply
with the contents of the application form as prescribed. |
Application form for deposits |
6 |
For
the purpose of identification, take proof of identity and address as
prescribed (not older than two months) from depositors. |
PAN / AADHAR etc |
ROC/MCA COMPLIANCE BY NIDHI LIMITED
COMPANY |
1 |
Form NDH-1 (Return of Statutory Compliance) NB- This form contains
all the details regarding members, loans, deposits, reserves etc for full
financial year. E-Form GNL-2 Form for
submission of documents with the Registrar. |
ยท
Within 90 from the close of financial year along with fees .Duly
certified by PCA/PCS/CMA |
2 |
Form NDH-2(Application for Extension of time) E-Form RD-1
Applications made to Regional Director. |
Application
for extension of time for not complying the (a) or (d) mentioned in 3 above
with fees to RD. Within 90 days from the closure of the financial year |
3 |
Form NDH-3 (Half Yearly Return) NB- Contains the
details of Number of Members admitted during the half year, number of members
ceased to be members and total number of members as on the date, Loan granted
by Nidhi company along against the particular security and Deposits accepted
by the Nidhi company form its members. E-Form GNL-2 Form for
submission of documents with the Registrar. |
Within
30 days from the conclusion of each half
year along with fees. Duly certified by PCA/PCS/CMA
Failure
to which a penalty of Rs.5000/- shall be levied |
4 |
Form NDH-4 (Form for filing application for declaration as Nidhi Company and for
updation of status by Nidhis.)-NB- Introduced by Nidhi (Amendment )Rule 2019 w.e.f
15th Aug 2019. Note- Failure to file
form NDH-4, Companies shall not be allowed to file Form No.SH-7 (Notice to
Registrar of any alteration of share capital) and Form PAS-3 (Return of
Allotment). |
Incorporated after 1st July 2019- Within 60 days
after the expiry of 1 year from the date of its incorporation with
fees Incorporated before 1st July 2019 Within a
period of 1 year from its date of incorporation OR within 15th Feb 2020 with
fees. |
5 |
Form AOC-4 (Return for financial statements) |
Within
30 days of Annual General Meeting; |
6 |
Form MGT-7 (Annual Return) |
Within
60 days of Annual General Meeting. |
7 |
Income Tax Return |
30th
September |