Annual Compliance of Nidhi company

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Annual Compliance of Nidhi Company

Nidhi Company is kind of business entity which is suitable for individuals who want to use collective fund for need and growth of a specific group. All nidhi companies are required to file important annual compliance with the MCA.

 

Benefits of Nidhi Company Registration

  1. It can accept deposits
  2. Less paid up capital required
  3. Suitable for finance business

 

Annual Compliance of Nidhi Company

  1. File NDH-1 form duly certified by a practicing CA within 90 days of incorporation
  2. File NDH-2 form with regional director
  3. Nidhi company must adhere with the Rule 5 sub-rule (1) to continue accepting deposits

 

A Nidhi Company is required to fulfill above listed compliance to maintain its legal structure. Thus, you must consult a leading business consultant for management of Annual Compliance of Nidhi Company.

GSB Taxation | Annual Compliance of Nidhi Company


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