Nidhi Annual Company Compliance: The one and only motive of a Nidhi company is to borrow and lend money among the members. Since Nidhi companies are non-banking financial organizations, they are excluded from the compliance of the Companies Act, 2013. Its compliance abide by the Nidhi Company Act, 2014 regulations. Filing of the annual compliance will require the mandatory application of NDH-1, NDH-2, & NDH-3 and a legal proceeding. Failing to comply with the provisions may result in imprisonment and a penalty with an extension up to Rs. 5000.
Sujata Associates is a market-leading Company Registration based in Kolkata, serving clients all over India. We provide various range of legal services which includes Annual Compliance for all types of organizations as well. Want to run your business hassle-free without any legal issues? Choose us as your legal partner, and we will take care of all the registrations, drafting legal agreements, and auditing on your behalf. Get a free quote today by consulting a Sujata Associate’s advisor for your Nidhi Company Annual Compliance.
Update: Coronavirus Pandemic has caused a great loss in every industry. Following the guideline, we are now re-opening our services with proper safety measures.
Nidhi Annual Company Compliance
If you want to start a business that deals with the matters of loans or financing in India, we will recommend you to register with Nidhi. Registering of Nidhi Companies is hassle-free than compared to that of the NBFCs. The main objective of registering in a Nidhi Company is to encourage the good habits of frugality and savings amongst the members of a company.
- No Objection Certificate
- Director Identification Number of Directors
- Director Identification Number
- Digital Signature
- PAN card copies of the members
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.
We offer three packages for annual compliance:
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 standard package at Rs.30,000 (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.50 lakhs per annum.
Our basic 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
Are you searching for Nidhi annual company compliance?
Why traders choose us
We are in the field of business for almost 20 years now. Sujata Associates understands that the budget is an essential concern. We help business owners to find the exact service they require. Our consulting experts analyze the need and requirements for the company and provide an absolutely free quote accordingly. We do our best to satisfy our clients.
Sujata Associates is a flexible and experienced business consulting firm. We take pride in providing the best possible services in India with cost-effectiveness the other companies can't match.
Engage with consumers and inspire the media — we ensure brands are seen and heard in all the right places. If there is any issue regarding the service, or our client is having some problems, we are always here to listen. We take time to listen, understand, address, and solve the issue accordingly.
What Our Client's Say
I made the decision to start my own company and didn’t have the experience, knowledge or expertise to do so. After review with many registration consultants, I settled with Sujata Associates Consultancy Pvt Ltd and was pleasantly pleased from the start of this process. Sujata Associates responded quickly and with patience as he answered all of my inquiries as I was trying to make up my mind to move forward, understand the process and what he was offering. I received my information today, later and I am amazed how sweat-less he made this whole process. In the end, he gave me step-by-step instructions and answered more questions that I had. If you are opening up a business, I encourage you to select Sujata Associates to help you along the way.
Sujata Associates Consultancy Pvt Ltd are very knowledgable, friendly and professional! I spoke to a few people who offered similar services but after speaking with Sujata Associates i felt he was the best person for the job. His knowledge and subject expertise helped to make me feel very comfortable putting such an important task in his hands. I would highly recommend his services for all who are interested! . Thorough and very open to explain his intention and allowed me the flexibility to make a change in the preparation of my company registration. He met my needs with knowledge and individual care. I will happily work with him again. Thank you so much, Sujata Associates!
Couldn’t have asked for better! So kind and professional, prompt and generous. Going above and beyond for us. We’ll be sure to remember him if things go as well as we hope going forward. If you’re reading this, it’s well worth it to hire him. Sujata Associates went ABOVE AND BEYOND from the beginning to END! Every question was answered and he even gave me information I wasn’t aware of. I wouldn’t recommend anyone else for the job but Sujata Associates! Thank you, thank you, and thank you again! You’re THE BEST, not only did he do everything as described but he also expedited my and even added in gifts of Logo designs.
I’m so lucky I found Sujata Associates on Net. They are super friendly and extremely professional! The best service ever! Definitely will be using his service again and will recommend it to anyone! Thank you very much, Vince! You are brilliant! Incredible communication. Very outgoing, smart, and easy to work with. They knew exactly what I needed and was able to help with the incorporation of my company. It has been an incredible time working with him. I would highly recommend everyone for company Registration.
It was a real pleasure working with Sujata Associates because of their professionalism and clarity. I needed to register my brand in India, The job was carried out in 2 days which is very fast. For this, it is necessary to diligently provide all required information. If you need any legal services regarding intellectual property in India, don’t hesitate and hire this firm. Sujata associates consultancy private limited was transparent and informative all through. Glad i choose them for my trademark registry.
Sujata Associates did an amazing job! It was my first time ever applying for a trademark for my brand name and logo, I talked with many different law firm but none of them were as helpful and quick to respond compared with Sujata Associates. After consulting with her, she walked me through the entire trademark process, made meaningful suggestions and did not pressure me to buy at all. She wanted to make sure the design was all good with me before starting. She went above and beyond to do trademark searches for me before I even paid! If this is your first time with trademark registration, or if you want to work with a responsible and responsive consultant, I highly recommend Sujata Associates consultancy Private Limited.