WHAT IS NDH-4?

If the company is old then you have to apply for Form-4 within 60 days (2 months) of the end of the financial year.

The total time period is 45 days, during which you get approval or rejection of NDH-4.

NDH-4 form is the central government approved form. If your NDH-4 is rejected then you will not be able to do any work in this Nidhi company means you will not be able to receive deposits or provide loans to your members.

1. It should not be more than 7.5% deposit (In Current A/C ) [RATE OF INTEREST]

2. Deposit which should not be more than 2%(In Saving A/C )

LIST OF DOCUMENTS REQUIRED :

1. Minimum 200 members should be there before completion of 1 year within the company.

2. Your share capital should be at least Rs 10 lakh.

3. NOF (Net Owned Fund) should be 20 lakhs and its ratio should be in (1:20).

If the NidhiCompany has failed in all the conditions or has not been able to fulfill any one of these conditions even after completion of 1 year, then you can ask for some extra time from the Regional Director. What to do for him? For that you will have to fill NDH-2

In NDH-2(Extension of time) we inform the Regional Director that our NidhiCompany has 200 members or any of the conditions have not been fulfilled in 1 year, some more time is required to fulfill those conditions. After applying this form, the Regional Director analyzes and if he feels that you deserve time, then he extends the time for you.

We can also file NDH-2 only when our company has been established for 1 year or the members are still 197 but you have 3 members available to add but you are thinking that 1 year should be completed. What to do now, so don't worry about it (NDH-2 can be applied within 30 days after completion of 1 year.)

1. Copy of Resolution of the Board of directors

2. - Certificate signed by 2 directors (In this we confirm that our company has reached 200 members within 1 year)

3. Certificate from the Auditors of the company.

4. - Copy of notification through which company as declared Nidhi under the company Act 1959

1. Question- There are 199 members in our company, only 1 member who joined the company after the end of the financial year, so can we apply for NDH-4?

   AnswerEven if it is so, you cannot apply for NDH-4 because that 1 member will not be counted in the 1st financial year because he has been appointed after the financial.

2. Question-If neither approval nor rejection comes for our NDH-4 within 45 days, then what will we assume?

   Answer-If anything like this happens then it means that your NDH-4 will be considered as deemed approved, which means it will be considered approved in a way.

3. Question-What is the Annual Compliances for Nidhi Company?

   Answer-

   Form No	Compliance	Due Date
   Form NDH-1, Return of Statutory Compliance	Form NDH-1 contains all the details regarding members, deposits, loans, reserves, etc. for the full financial year e-Form GNL-2 is used for submission of the documents with the Registrar.	Within 90 days from the close of the financial year along with fees.
   Form NDH-2, Application for Extension of Time.	This form is filled in case : The company fails to add at least 200 members within one year of incorporation. Failure to maintain the Net owned Fund to deposit ratio of 1:20	NDH-2 must be filed with the Regional Director within 30 days from the closure of the financial year along with the prescribed fees
   Form NDH 3Half-yearly return	Form NDH 3to be filed with the ROC (Registrar of Companies).	Within 30 days from the conclusion of half a year. It must be duly certified by a practicing professional.
   Form NDH -4	For filing an application for a declaration as Nidhi Company and updating of status	For New Nidhi Company – Within 120 days after the expiry of 1 year from the date of its incorporation For existing Nidhi Company – Within 1 year from its date of incorporation OR within 6 months from the date of commencement of Nidhi Rules 2019, whichever is late
   Form AOC-4	For filing financial documents and other supporting documents to the Registrar of Companies.	Within 30 days of the annual general meeting.
   ITR-6	Income Tax Return	By 30th September
   Form MGT-7	Annual Return	Within 60 days of the Annual General Meeting.