Nidhi Company Annual Compliance Checklist
Plan Nidhi-specific returns, statutory audit, ROC filings, tax work and member deposit and lending records.
Plan Nidhi-specific returns, statutory audit, ROC filings, tax work and member deposit and lending records. Use the sections below to understand the practical decisions, records and compliance points before taking action.
Build one integrated compliance calendar
A Nidhi combines public company compliance with Nidhi-specific obligations. The annual calendar should cover board and member actions, accounting, statutory audit, financial statements, annual return, tax, NDH filings and event-based changes. Applicability and due dates must be checked against the company status and current rules.
Maintain member, deposit and loan evidence
Keep the register of members, share records, deposit ledgers, loan files, security documents, interest calculations and repayment records current. Each transaction should reconcile to bank and books. Changes in membership should be reflected promptly so that member-only operations remain demonstrable.
Review NDH forms according to applicability
Common compliance references include NDH-1, NDH-3 and NDH-4, but they serve different purposes and should not be filed mechanically. Confirm declaration status, reporting period, certification requirements and current form instructions before preparation. Preserve filed forms and acknowledgements in the statutory repository.
Complete ordinary company and tax filings
Prepare financial statements and statutory audit, then complete applicable ROC filings such as AOC-4 and MGT-7. Income-tax returns, TDS, payroll and GST obligations are separate and depend on actual activity and registration. Director KYC and event-based filings should also be monitored.
Monitor prudential conditions throughout the year
Net Owned Funds, member counts, deposit ratios, unencumbered deposits and loan conditions may require recurring review. A quarterly dashboard helps the board identify a breach early. Exceptions should be documented with corrective action instead of being left for the auditor to discover.
Retain a defensible annual file
Keep signed statements, audit reports, minutes, registers, member applications, bank reconciliations, deposit and loan schedules, tax returns, ROC acknowledgements and NDH evidence together. Reliable records make regulatory response, audit and management review faster and protect the company from unsupported claims.
Official References
Rules and portal requirements can change. Review the current official material relevant to the proposed company.
This article provides general information and is not a substitute for legal, tax or investment advice. Applicability should be reviewed for the proposed entity and current law.