Advertise With Us

    NDH-1 need to file one time or Every Year under rule (2) of rule 5 of Nidhi Rules, 2014]

    Posted By : CS Shiriti / Published on : 31-Aug-2021 08:37 AM / View : 355 / Comment : 0
    Print button
    As per Rule :

    (1) Every Nidhi shall, within a period of one year 1[from the date of its incorporation], ensure that it has-

    (a) not less than two hundred members;

    (b) Net Owned Funds of ten lakh rupees or more;

    (c) unencumbered term deposits of not less than ten percent. of the outstanding deposits as specified in rule 14; and

    (d) ratio of Net Owned Funds to deposits of not more than 1:20.

    (2) Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year, Nidhi shall file a return of statutory compliances in 4[Form NDH-1] along with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar duly certified by a company secretary in practice or a chartered accountant in practice or a cost accountant in practice.

    We understand its a One-time Filing after its incorporation either Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year (in case of not falling under First Year), Here not stated subsequent Year or every year so we can opine that its one-time Compliance Return. PLease clarify if anyone having strong views on this.
    Read more on : rule nidhi rules under year file time every need



    Other Queries from CS Shiriti
    What's New on

    Unanswered Queries
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    +91-9988424211 or ask@compliancecalendar.in