NIDHI COMPANY ANNUAL COMPLIANCES ; ANNUAL COMPLIANCES
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GET NIDHI COMPANY ANNUAL COMPLIANCE PACKAGE
FROM EPRO EXPRESS AT RS. 39999/-
EXCLUDING GOVERNMENT FEES
BASIC PACKAGE INCLUSION (TURNOVER UPTO 50 LAKHS)
- DRAFTING OF MINUTES+
- CONVENING OF BOARD MEETING+
- DRAFTING OF BOARD MEEETING DOCUMENTS+
- PREPARATION AND SIGNING OF BALANCE SHEET BY AUDITOR
- INCOME TAX RETURN FILING+
- CONVENING OF ANNUAL GENERAL MEETING+
- DRAFTING OF AGM DOCUMENTS +
- ACCOUNTING AND BOOK KEEPING+
- FILING OF NECESSARY FORMS TO ROC
MEANING
Nidhi Company is a Limited Company which is being formed for cultivating the habit of thrift and savings among its members. Its main aim is to accept deposits from its members and further to lend money to the members only for their mutual benefit. It is one of the categories of Non-Banking Financial Company that does not require approval of Reserve Bank of India. Nidhi Company is a perfect option for those who want to operate a lending business with limited investment and compliances.
As we all know annual compliance is a necessary criterion for every form of business entity to protect itself from legal hurdles. Likewise, Nidhi Company is also required to dostatutory compliances on time.
We, at ePRO EXPRESS a team of experienced professionals can help you to do all the necessary compliances at lowest cost and least time.
LIST OF COMPLIANCES REQUIRED TO BE DONE BY NIDHI COMPANY
FILING OF NDH-1: It has to be filed by Nidhi Companies within 90 days from the closure of financial year ensuring certain conditions which has to be fulfilled within 1 year from the date of its incorporation such as:
It has not less than 200 members
It has net owned fund of Rs. 10,00,000
It has Unencumberedterm deposits of more than 10% of outstanding deposits
The ratio of net owned funds to deposit is more than 1:20
FILING OF NDH-2: It is required to be filed within 30 days of the closure of first financial year for extension of time for filing of form NDH-1.
FILING OF NDH-3: It is required to be filed by Nidhi Companies within 30 days from the end of each half year i.e. September 30 and March 31.
CONVENING OF STATUTORY MEETINGS
PREPARATION OF ALL APPLICABLE STATUTORY REGISTERS;
DRAFTING OF MINUTES, NOTICES, RESOLUTIONS AND ATTENDANCE REGISTERS;
FILING OF INCOME TAX RETURN
FILING OF DPT-3 I.E. RETURN OF OUTSTANDING RECEIPT OF MONEY OR OUTSTANDING LOAN;
FILING OF MSME-1 ON HALF YEARLY BASIS
KYC OF ALL THE DIRECTORS
FILING OF ALL THE ANNUAL FORMS INCLUDING ADT-1, AOC-4 AND MGT-7;
MAINTENANCE AND RECORDING OF BOOKS;
CSR COMPLIANCES, IF APPLICABLE;
COST AUDIT OF THE COMPANY AND MAINTENANCE OF COST RECORDS (IF APPLICABLE):
INTERNAL AUDIT (IF APPLICABLE);
TAX AUDIT (IF APPLICABLE);
PREPARATION OF AND SIGNING OF ANNUAL REPORT INCLUDING AUDITED BALANCE SHEET, STATEMENT OF PROFIT AND LOSS, CASH FLOW STATEMENTS, DIRECTORS REPORT ETC;
ANY OTHER MANDATORY COMPLIANCE (IF AMENDED)
FILING OF FORM ACTIVE;
PROCEDURE TO DO NIDHI COMPANY COMPLIANCES
Fill online form
Submission of requisite documents and information by client time to time as required by our team
Drafting of mandatory documents as required under the act
Signing of documents by client
Filing of necessary forms and returns time to time by our team to respective department
Congrats!!! Your Nidhi Company Compliances are upto date
DOCUMENTS REQUIRED FOR NIDHI COMPANY ANNUAL COMPLIANCES
Certification of incorporation (COI)
MOA AND AOA of company
PAN of Company
Details about borrowings of the Company
Details about transactions of the Company
Details about management and shareholding of the Company.
Any other document (if required)
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