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Nidhi Complainces

✔️ Mandatory Compliances for a Nidhi Company

1️⃣ NDH–1 Return

  • A statement showing the number of members, deposits, loans, reserves etc.

📅 Due date: Within 90 days from the end of every financial year.

2️⃣ NDH–2 Application (If Membership < 200)

  • If you fail to reach 200 members within 1 year, you must apply for extension through NDH-2.

📅 Due date: Within 30 days from end of first financial year.

3️⃣ NDH–3 Half-Yearly Return

  • Contains details of deposits, loans, reserves etc.

📅 Due dates:

  • • 30 April (for Oct–Mar)
  • • 30 October (for Apr–Sep)

4️⃣ Annual Returns (ROC)

  • Like every company:
  • ✔ MGT-7 – Annual Return
  • ✔ AOC-4 – Financial Statements
  • 📅 Due Date:
  • • AOC-4 → 30 October
  • • MGT-7 → 29 November

5️⃣ Statutory Registers

  • Nidhi Company must keep updated registers:
  • ✔ Members Register
  • ✔ Loan Register
  • ✔ Deposit Register
  • ✔ Share Allotment Register
  • ✔ Minute Books

6️⃣ Board Meetings & AGM

  • • Hold minimum 4 Board Meetings a year
  • • Hold 1 AGM every year

7️⃣ Income Tax Return

  • File ITR-6 every year.

📅 Due date: 31 October (if audit applies).

8️⃣ Audit Requirements

  • ✔ Statutory audit is compulsory every year
  • ✔ Internal audit is also required
  • ✔ Auditor must have experience in NBFC/Nidhi guidelines

9️⃣ Reserve Requirements

  • Nidhi must maintain:
  • ✔ 10% of total deposits in a Fixed Deposit with a Scheduled Bank
  • ✔ Every year add 10% of net profit to General Reserve

⭐ Quick Summary

  • A Nidhi Company = Savings + Lending for Members Only, Mandatory compliances include NDH-1, NDH-2, NDH-3, ROC filings, audit, meetings, register maintenance & reserve rules.

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