Nidhi Annual Compliance

Nidhi companies have a singular focus of borrowing and lending money among its members. As non-banking financial organizations, they are exempt from compliance with the Companies Act, 2013, and instead must adhere to the Nidhi Company Act, 2014 regulations. Annual compliance for Nidhi companies involves mandatory filing of NDH-1, NDH-2, and NDH-3 applications, along with legal proceedings. Failure to comply with these provisions can result in imprisonment and penalties up to Rs. 5000.

Sujata Associates is a leading Company Registration firm based in Kolkata, catering to clients across India. Our services include comprehensive Annual Compliance support for various types of organizations, including Nidhi companies. Choose us as your legal partner to run your business hassle-free and without legal issues. We handle registrations, legal agreement drafting, and auditing on your behalf. Contact a Sujata Associates advisor for a free quote on your Nidhi Company Annual Compliance requirements.

Why choose us

Budget-Friendly Services

Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.

Reputation and Trust

We are providing legal business solutions for more than 25 years now. We have gradually built our reputation and now Sujata Associates is one of the leading business registration firms in India.

Information Security

We take our client's security as our top-most priority. Our privacy policy and payment gateways are secure and 100% trustworthy. That's why most of our work is repeat business. We guarantee you will come back!

Your One-Stop Solution

We have an entire team of highly skilled Accountants, CAs, Lawyers, Cost Accountants, Ex-Bankers, and Financial Experts. So, we have the exact service you are looking for in your business and Sujata Associates is your one-stop solution for all sorts of your business legalities.

Satisfying Client Experience

We have more than 1000+ satisfied clients all over India. We value our customers and we tried our best to deliver with integrity and efficiency. We ensure brands and names are seen and heard by the targeted customers. This turns our one-time clients into repeated ones. So, Check the testimonials!

Your Legal Advisor

Sujata Associates is more than business consulting firm. We aim to work side-by-side with our clients while providing all the necessary solutions for the business and its legalities. We are more like your legal partner you would love to have. Sujata Associates never hesitates to go the extra mile or few for their clients.

Penalty for Non-Compliance

The penalty for non-compliance has been recently increased by the MCA and the Income Tax Department as under. Hence, it’s important to ensure your compliance is managed professionally to avoid penalty which could sometimes run into lakhs.

Late Filing MCA Annual Return – Rs. 200 per day of delay

Late Filing Income Tax Return – Rs.5000 upto 31st December and Rs.10,000 after 31st December.

Late Filing GST Return – Rs.50 per day of delay

Not Appointing Auditor with 30 Days of Incorporation – Rs.300 per month* from 31st Day increasing every 30 days.

Our basic package at Rs.20,000 (inclusive of all taxes) includes bookkeeping, financial statement preparation, statutory audit, annual report / directors report / board resolution preparation, MCA annual report filing, income tax return filing. This package can be used by companies with a turnover of less than Rs.25 lakhs per annum.

Our premium package at Rs.50,000 (inclusive of all taxes) includes bookkeeping, financial statement preparation, statutory audit, annual report / directors report / board resolution preparation, MCA annual report filing, income tax return filing. This package can be used by companies with a turnover of less than Rs.100 lakhs per annum