Nidhi Companies operate on the principle of mutual benefit by encouraging savings and providing financial support to their members. Compliance ensures these companies function legally and maintain financial discipline.

• Legal Validity: Ensures the company operates within the legal framework.
• Member Trust: Regular compliance builds confidence among members and stakeholders.
• Avoidance of Penalties: Prevents fines and legal actions due to non-compliance.

• Maintain at least 200 members within a year of incorporation.
• Ensure the Net Owned Funds (NOF) to deposits ratio does not exceed 1:20.
• File returns and financial statements annually with the MCA.
• Follow restrictions on business activities like advertising or conducting chit funds.

• Form NDH-1: Declaration of statutory compliance, filed annually.
• Form NDH-3: Half-yearly return of Nidhi Company compliance.
• Form AOC-4: Filing of financial statements with the MCA.
• Form MGT-7: Filing of annual returns.

• Change in the company’s registered office address.
• Appointment or resignation of directors.
• Changes in the Memorandum of Association (MOA) or Articles of Association (AOA).
• Alteration in share capital structure.

Non-compliance with the rules and guidelines can lead to:

• • Monetary fines imposed by the MCA.
  • Suspension or cancellation of Nidhi Company status.
  • Disqualification of directors from managing the company.

• Financial statements and audit reports.
• Member and deposit details.
• Board resolutions for event-based filings.
• Details of directors and shareholders.

• Submit statutory forms (NDH-1, NDH-3, AOC-4, MGT-7) via the MCA portal.
• Ensure filings are completed within the deadlines prescribed under the Companies Act, 2013.
• Regular compliance filings typically take 2-3 weeks, depending on complexity.

• Builds credibility and enhances the company’s reputation.
• Avoids legal disputes and ensures smooth operations.
• Creates financial discipline and transparency for regulatory authorities and members.

• Government Filing Fees: Based on authorized capital and form type.
• Professional Fees: For advisory, drafting, and filing assistance.
• Estimated Total Cost: Rs. 10,000 to Rs. 30,000 annually, depending on the number of filings and professional services required.