Fill Your Details & Get Your Quote

Get Instant Quotation over whatsapp
9716778456

Want To Complete Annual Compliance of Nidhi Company?

MylegalRoute Is The Answer.

Nidhi Company Annual Compliances starts at Rs.19999 /-

ANNUAL FILING OF NIDHI COMPANY (FRESH START SCHEME, 2020)

MCA has introduced Company Fresh Start Scheme, 2020 Program. Great opportunity for Non complaint Companies to Complete annual filing without paying any Penalty. As per latest notification issued by Ministry of corporate affairs (MCA) all the defaulting companies can now file the pending e-forms without paying any penalty for delay. The e-forms can be filed on MCA portal with paying only normal fee applicable. This is a one time opportunity given to defaulting companies for fresh start and comply with the mandatory compliance. The Scheme shall remain in force till 30.09.2020. The companies through this scheme will be able to file any belated e-form without paying any penalty. Also, this scheme provides immunity for initiation of prosecution for levying penalty. As per this scheme no additional fee or late fee will be levied on e-forms filed to ROC viz Form AOC-4, AOC-4 XBRL, AOC-4 CFS, Form MGT-7, Form MGT-14, ADT-1, Form DPT-3, Form DIR-12, Form 20A, INC 22.

All companies registered in India like nidhi company, private limited company, one person company, limited company, and section 8 company must file MCA annual return and income tax return each year. Before filing annual return, the company must conduct an Annual General Meeting at the end of each financial year. For newly incorporated Companies, the Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. Subsequent Annual General Meetings should be held within 6 months from the end of that financial year. In India, normally the financial year starts on April 1st and end on 31st March. So a Company's annual return would be due on or before September 30th.

Every Nidhi company has to submit its annual returns to MCA and another regulatory department by 30th September of the following financial year.

Pricing

Rs.19999

Govt Fees and Taxes would be charged on actual basis. Its not included in the above Fees.

Basic

  • Commencement of Business (within 180 days since incorporation or before starting of Business_ whichever is earlier), Form 20A
  • First Auditor (CA) appointment (within 30 Days of incorporation), Form ADT-1
  • Directors KYC (within 30 days of closing of financial year), Form DIR-3_KYC
  • Company KYC, Form INC-22A (ACTIVE)
  • Preparation of Director’s Report
  • Preparation of MGT-9
  • Preparation of Notice of Annual General Meeting
  • Preparation of Auditor Consent Letter
  • Preparation of Auditor Appointment Resolution
  • Preparation of Auditor Appointment Letter
  • Preparation of List of members
  • Preparation of List of directors
  • ROC Filing of Form ADT-1 (Reappointment of Auditor)
  • ROC Filing of Form MGT-7 (Annual Return)
  • ROC Filing of Form AOC-4 (Filing of Financial Statements)
  • ROC Filing of Form NDH-1 (Within ninety days from the close of the first financial year)
  • ROC Filing of Form NDH-3 (Half yearly return)
  • ROC Filing of Form NDH-4 (within sixty days from the date of expiry of one year from the date of its incorporation)
  • ROC Filing of Form SH-7 (To increase the authorized share capital of the company)
  • ROC Filing of Form PAS-3 (To increase the paid up share capital and members of the company) Maximum 2 Forms
  • ROC Filing of CFSS Form
  • Immunity Certificate
  • Accounting and Auditing
  • Income Tax Return
  • TDS Return (If applicable)
  • CA Signed audit report
  • CA Signed Balance Sheet
  • CA Signed Profit & Loss
  • Auditor Certificate
  • Preparation Share Certificate
  • Preparation Statutory Registers
  • Preparation Minutes of Four Board Meeting
  • Preparation Minutes of Annual General Meeting
  • Preparation of MBP-1
  • Preparation of DIR-8
Rs.34999

Govt Fees and Taxes would be charged on actual basis. Its not included in the above Fees.

Standard

  • Commencement of Business (within 180 days since incorporation or before starting of Business_ whichever is earlier), Form 20A
  • First Auditor (CA) appointment (within 30 Days of incorporation), Form ADT-1
  • Directors KYC (within 30 days of closing of financial year), Form DIR-3_KYC
  • Company KYC, Form INC-22A (ACTIVE)
  • Preparation of Director’s Report
  • Preparation of MGT-9
  • Preparation of Notice of Annual General Meeting
  • Preparation of Auditor Consent Letter
  • Preparation of Auditor Appointment Resolution
  • Preparation of Auditor Appointment Letter
  • Preparation of List of members
  • Preparation of List of directors
  • ROC Filing of Form ADT-1 (Reappointment of Auditor)
  • ROC Filing of Form MGT-7 (Annual Return)
  • ROC Filing of Form AOC-4 (Filing of Financial Statements)
  • ROC Filing of Form NDH-1 (Within ninety days from the close of the first financial year)
  • ROC Filing of Form NDH-3 (Half yearly return)
  • ROC Filing of Form NDH-4 (within sixty days from the date of expiry of one year from the date of its incorporation)
  • ROC Filing of Form SH-7 (To increase the authorized share capital of the company)
  • ROC Filing of Form PAS-3 (To increase the paid up share capital and members of the company) Maximum 2 Forms
  • ROC Filing of CFSS Form
  • Immunity Certificate
  • Accounting and Auditing
  • Income Tax Return
  • TDS Return (If applicable)
  • CA Signed audit report
  • CA Signed Balance Sheet
  • CA Signed Profit & Loss
  • Auditor Certificate
  • Preparation Share Certificate
  • Preparation Statutory Registers
  • Preparation Minutes of Four Board Meeting
  • Preparation Minutes of Annual General Meeting
  • Preparation of MBP-1
  • Preparation of DIR-8
Rs.49999

Govt Fees and Taxes would be charged on actual basis. Its not included in the above Fees.

Premium

  • Commencement of Business (within 180 days since incorporation or before starting of Business_ whichever is earlier), Form 20A
  • First Auditor (CA) appointment (within 30 Days of incorporation), Form ADT-1
  • Directors KYC (within 30 days of closing of financial year), Form DIR-3_KYC
  • Company KYC, Form INC-22A (ACTIVE)
  • Preparation of Director’s Report
  • Preparation of MGT-9
  • Preparation of Notice of Annual General Meeting
  • Preparation of Auditor Consent Letter
  • Preparation of Auditor Appointment Resolution
  • Preparation of Auditor Appointment Letter
  • Preparation of List of members
  • Preparation of List of directors
  • ROC Filing of Form ADT-1 (Reappointment of Auditor)
  • ROC Filing of Form MGT-7 (Annual Return)
  • ROC Filing of Form AOC-4 (Filing of Financial Statements)
  • ROC Filing of Form NDH-1 (Within ninety days from the close of the first financial year)
  • ROC Filing of Form NDH-3 (Half yearly return)
  • ROC Filing of Form NDH-4 (within sixty days from the date of expiry of one year from the date of its incorporation)
  • ROC Filing of Form SH-7 (To increase the authorized share capital of the company)
  • ROC Filing of Form PAS-3 (To increase the paid up share capital and members of the company) Maximum 2 Forms
  • ROC Filing of CFSS Form
  • Immunity Certificate
  • Accounting and Auditing
  • Income Tax Return
  • TDS Return (If applicable)
  • CA Signed audit report
  • CA Signed Balance Sheet
  • CA Signed Profit & Loss
  • Auditor Certificate
  • Preparation Share Certificate
  • Preparation Statutory Registers
  • Preparation Minutes of Four Board Meeting
  • Preparation Minutes of Annual General Meeting
  • Preparation of MBP-1
  • Preparation of DIR-8

About Annual Return

Nidhi company must file MCA annual return and income tax return each year. Before filing annual return, the company must conduct an Annual General Meeting at the end of each financial year. For newly incorporated Companies, the Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. Subsequent Annual General Meetings should be held within 6 months from the end of that financial year. In India, normally the financial year starts on April 1st and end on 31st March. So a Company's annual return would be due on or before September 30th.

n addition to MCA annual return, companies must also file income tax return irrespective of income, profit or loss.

Documents Required

Certificate of Corporation

MOA and AOA of the Company

PAN Card of the Company

CA Signed Balance Sheet and Profit & Loss Account (If prepared)

CA Signed Audit Report and Notes to Accounts (If prepared)

Accounting Data

Bank Statement

Digital Signature Certificate of any one Director

Nidhi Rules

General restrictions or prohibitions

  • No Nidhi shall carry on the business of chit fund, hire purchase finance, leasing finance, insurance or acquisition of securities issued by any body corporate.
  • No Nidhi shall issue preference shares, debentures or any other debt instrument by any name or in any form whatsoever.
  • No Nidhi shall open any current account with its members.
  • No Nidhi shall acquire another company by purchase of securities or control the composition of the Board of Directors of any other company in any manner whatsoever or enter into any arrangement for the change of its management, unless it has passed a special resolution in its general meeting and also obtained the previous approval of the Regional Director having jurisdiction over such Nidhi.
  • No Nidhi shall carry on any business other than the business of borrowing or lending in its own name. Provided that Nidhis which have adhered to all the provisions of these rules may provide locker facilities on rent to its members subject to the rental income from such facilities not exceeding twenty per cent of the gross income of the Nidhi at any point of time during a financial year.
  • No Nidhi shall accept deposits from or lend to any person, other than its members.
  • No Nidhi shall pledge any of the assets lodged by its members as security.
  • No Nidhi shall take deposits from or lend money to any body corporate.
  • No Nidhi shall enter into any partnership arrangement in its borrowing or lending activities.
  • No Nidhi shall issue or cause to be issued any advertisement in any form for soliciting deposit. Provided that private circulation of the details of fixed deposit Schemes among the members of the Nidhi carrying the words “for private circulation to members only” shall not be considered to be an advertisement for soliciting deposits.
  • pay any brokerage or incentive for mobilising deposits from members or for deployment of funds or for granting loans.

Frequently Asked Questions

As a part of Annual Filing, Companies incorporated under the Companies Act 1956 or Companies Act 2013, are required to file the following e-Forms with the Registrar of Companies (ROC):

  • Form AOC-4: For filing financial statement and other documents
  • Form MGT-7: Form for filing Annual Return by Companies having share capital
  • Form NDH-1: Statutory Compliance
  • Form NDH-3: half yearly compliance

Every company should ensure the following within 1 year.

  • Minimum members must not be less than 200.
  • Minimum net owned fund should be at least Rs.10,00,000.
  • The ratio between net owned funds and deposits must not be more than 1:20.
  • Unencumbered term deposits of not less than ten per cent of the outstanding deposits.

Testimonials

One stop for all your legal solutions. Mylegalroute offers the best services on time.Highly recommended.

One can expect the best legal advice & timely completion of the work.

Thankful to team Mylegalroute. They are like your true friend, you ask for favour & they are always for you to provide you with the best.

Commitment, transparency, timely delivery, patience etc , are the words to describe the services of Mylegalroute. They are simply the best.

When you think for corporate solutions ,you think for Mylegalroute.

Ease of doing business = Mylegalroute.

You name it,they provide it. Mylegalroute provide the best services in the market.

You can trust Mylegalroute for long venture. I have been associated with Mylegalroute for quite sometime & they have never disappointed me .They have always fulfilled their commitment.

blog