office@charteredchoice.in
File Nidhi Company’s Annual Filing
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Our Facts and Figures
What is the annual filing of Nidhi Company?
Nidhi Company:
Nidhi literally means ‘fund, finance or treasure. The Nidhi Company was formed with the purpose of encouraging its members to save, reserve and invest their funds. They also receive deposits from its members for mutual benefit.
Although there is no separate registration to be made under RBI for Nidhi companies, RBI can still issue directives. The Nidhi Company must meet the following minimum requirements to be registered:
- Minimum of seven members
- Minimum 3 directors
- The name of the company must be “Nidhi limited”
- Within one year of its start, every Nidhi firm must have at least 200 members.
Nidhi Company annual FIling :
Nidhi Company must file its returns twice a calendar year, and yearly returns with ROC once a year. Nidhi Company must also file their Financial Statements (Form AOC 4) and Annual Return (Form MGT 7) annually with ROC.
The following are the forms that Nidhi Company is required to file every year with ROC :
- Form NDH 1
- Form NDH 3
- MCA Form MGT 7.
- MCA Form AOC 4.
Each Nidhi Company must comply with the provisions of the Companies Act, 2013, and Nidhi Rules 2014. Every Nidhi Company can be considered a Public Limited Company. It is therefore necessary to comply with all provisions that apply to Public Limited Company, unless it has been exempted.
Types TDS Return Forms:
For PARTNERSHIP/Pvt. Ltd. COMPANY
FOR Proprietorship Firm Registration
No
Category Taxpayer
Due Date
1
Business (Not requiring Audit including LLPs and firms)
31/07/2023
2
Association of Persons (AOP)
31/07/2023 (not covered under Audit cases)
3
Body of Individuals (BOI)
31/07/2023 (not covered
under Audit cases)
4
Individual
31/07/2023
5
Businesses (Requiring Audit including Private Limited Companies, OPC, LLPs and firms)
31/10/2023
6
The due date of furnishing Income Tax Return for FY 2021-22 (TP Cases)
31/11/2023
Due Date for furnishing of Audit Report The due date for furnishing an audit report can vary depending on the specific requirements and regulations applicable to the organization.
No
Category Taxpayer
Due Date
1
Audit Report for the Previous Year 2021-22
30/09/2023
2
Audit Report for Transfer Pricing cases
31/09/2023 (with ITR Filing/on orbefore the date of AGM)
3
Belated / Revised Income Tax Return for FY 2021-22
30/11/2023
Annual filing of Nidhi Company Forms that need to be filled out
Points to make your decision easy
Form NDH 3
The Nidhi Company submits Form NDH 3, a half-yearly compliance, on a semi-annual basis. It contains details about the number of members admitted and ceased during the half year. It contains the details of No.
Form NDH 1
This is the statutory compliance of Nidhi Company. The Form NDH-1 contains the information about the members, the loans, the deposits, the reserves, etc. for the entire financial year. Within 90 days of the end of Financial Year, every Nidhi Company must file Form NDH-1 at ROC.
Form AOC 4
Nidhi Company, like every other company, is required to submit its Financial Statements along with Notice of General Meeting, Directors Reports, Auditors Reports and Balance sheet to ROC in 30 days after the date of the Annual General Meeting.
Form MGT 7
Within 60 days of the date of the Annual General Meeting, every Nidhi Company is required to submit its Annual Report along with a list of Nidhi Company members. Annual returns must be filed with ROC in Form MGT 7.
Form MGT 14
Nidhi Company must also report any resolutions for Disclosure of Directors Interest, Approval Financial Statements and Directors' Report. If any, to the ROC using Form MGT 14
Form 6 ITR
Companies in Nidhi are required to submit their Income Tax Returns (Form ITR 6) within 6 months of the end of the financial year. The due date to file Form ITR 6 is 30th September each year.
Documents required for Import Export Code
5 easy steps
Fill out a simple Checklist
Fill out a simple Checklist
A compliance manager will contact you to collect documents and a simple check-list. This checklist must be completed and submitted with the documents to be verified. Our experts will check the details and documents you provide and continue the process.
Preparation Forms
We will then check your compliance requirements once we have received the required documents and information. We will then prepare all forms required. Your compliance manager will update you on the status of filing the forms, as well as when the due date is approaching.
Filling out Forms
We will make sure that all forms are filed on time to avoid penalties. We will send you an acknowledgement once the entire filing process has been completed. The acknowledgement will be provided every time the Nidhi Company files its annual filings.
FAQs on Income Tax Returns
Do Nidhi Companies need to file an Annual Return?
Each Nidhi company must file an annual report. Once the prescribed fees are paid to the Registrar, you can also inspect your annual return.
What forms must a Nidhi-owned company file?
Form AOC-4 : for filing financial statements and other documents
MGT-7 : Form to be filed by companies with share capital
Form NDH-1 : Statutory Compliance
Form NDH-3: Half-yearly compliance
When will Form NDH 3 be due?
Each Nidhi Company must file Form NDH-3 within 30 days of the end of each half-year.
When is the deadline for investing under Section 80C?
The deadline for investments under Section 80C has now been extended until 30th June 2020. This applies to the Financial Year 2019-20. The previous date was the 31st of March 2020. Nirmala sitharama Press Conference announced that other deadlines will be extended due to the Corona outbreak. 30thApril for the half-year ending 31stMarch and 30thOctober for the halves year ending 30thSeptember
When is the deadline for filing MGT 7 and AOC4?
MCA Form AOC4 must be submitted within 30 days of the date of AGM. For example, if AGM was held on 30th Sept then AOC4 due date is 29th Oct MCA Form MGT7 must be submitted within 60 days of the date AGM. If AGM falls on 30th Sept, then the due date for ROC Form MGT 7 would be 28th Nov.
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