Nidhi Rules 2014 · MCA Regulated · Pan-India
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Nidhi Company
ROC, MCA, NDH forms, Income Tax, GST and member compliance for your Nidhi Company — handled by dedicated Chartered Accountants. Member thresholds. Deposit ratios. Zero penalties.
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⚠️ Key Annual Deadlines NDH-1: 30 April every year · NDH-3: 30 April & 31 October · AOC-4: 29 October · MGT-7A: 28 November
📖 Understanding Nidhi
What is a Nidhi Company?
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) incorporated under Companies Act 2013, governed by Nidhi Rules 2014 and regulated by MCA — with the sole objective of cultivating thrift and savings among its members and lending money only to members.
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Accept Deposits
Can accept fixed, recurring and savings deposits from members only. Not from general public. Interest rates capped as per Nidhi Rules.
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Lend to Members
Can lend only to members — secured loans against gold, property or fixed deposit. Loan amount limited to 50% of the deposit held.
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MCA Regulated
Regulated by Ministry of Corporate Affairs — not RBI. Subject to Nidhi Rules 2014, Nidhi (Amendment) Rules 2022 and Companies Act 2013.
⏰ Compliance Calendar
Nidhi Company — Key Due Dates Every Year
Nidhi Companies have unique NDH forms in addition to standard MCA, Income Tax and GST filings. Missing NDH-1 or NDH-3 can result in Nidhi status being cancelled by MCA.
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Half-Yearly Return
30 April & 31 October
NDH-3₹5,000 + ₹500/day
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Annual Return (Nidhi)
30 April every year
NDH-1₹5,000 + ₹500/day
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Declare Nidhi Status
Within 1 year of incorp.
NDH-4MCA may decline status
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Extension Application
If thresholds not met
NDH-2 (to Regional Director)Must file before deadline
📌 NDH-1 — Annual Return under Nidhi Rules filed with MCA by 30 April every year. Contains: member details, deposit amounts, loans outstanding, NOF and ratio compliance. | NDH-3 — Half-yearly return filed twice a year: by 30 April (Oct–Mar period) and 31 October (Apr–Sep period). | NDH-4 — One-time application to be declared as Nidhi within 1 year of incorporation. If 200-member threshold not met, apply for extension via NDH-2 to Regional Director.
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Financial Statements
29 October every year
AOC-4₹100/day penalty
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Annual Return
28 November every year
MGT-7A₹100/day penalty
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Auditor Appointment
30 September every year
ADT-1₹300/day penalty
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Director KYC
30 September every year
DIR-3 KYC₹5,000 penalty
📌 Nidhi Companies file MGT-7A (simplified Annual Return — same as OPC and small companies). AOC-4 for financial statements. In addition to these standard ROC filings, Nidhi must also file NDH-1 and NDH-3 — these are Nidhi-specific forms not applicable to other company types.
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Company ITR
31 October every year
ITR-6₹5,000 late fee
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Tax Audit
30 September every year
Form 3CA / 3CD0.5% of turnover
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Advance Tax Q2
15 September every year
Challan 2801%/month interest
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Advance Tax Q3
15 December every year
Challan 2801%/month interest
📌 Nidhi Company files ITR-6 as it is a Public Company. Corporate tax rate: 22% (Sec 115BAA) = effective 25.17%. Tax audit mandatory under Sec 44AB. Interest income from member loans is the primary income — taxable as business income. Interest paid on member deposits is deductible as business expenditure.
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GST Applicability
If T/O > ₹20 lakh
GSTR-1 by 11th monthly₹50–200/day
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GSTR-3B Monthly
20th every month
Tax Payment₹50–200/day
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GSTR-9 Annual
31 December every year
Annual Return₹200/day
ℹ️
Core Activity — Exempt
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No GST on loans/deposits—
📌 Core lending and deposit activity of a Nidhi Company is EXEMPT from GST — interest on loans to members and interest paid on member deposits are not subject to GST. However, if the Nidhi provides any fee-based or non-core services (like locker facility, processing fees above threshold), GST may apply. TAXAJ reviews your Nidhi's GST liability annually.
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TDS Deposit
7th every month
Challan 2811.5%/month interest
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TDS on Member Deposits
Quarterly
Form 26Q — Sec 194A₹200/day penalty
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Salary TDS
Monthly
24Q — Staff salary1.5%/month interest
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TDS on Rent / Vendor
Monthly / Quarterly
194I / 194C / 194J₹200/day penalty
📌 TDS on member interest (Sec 194A): Nidhi Companies must deduct TDS at 10% on interest paid to members if interest exceeds ₹5,000 per year per member (Form 26Q). Nidhi Rule 14 exempts members from TDS if they submit Form 15G/15H. TAXAJ manages all Nidhi-specific TDS calculations and returns quarterly.
📋 All Nidhi Services
Everything Your Nidhi Company Needs
From NDH forms to member compliance to income tax — click any service for its dedicated page with process and pricing.
⭐ Most Popular Bundle
🕉️
Nirvana Compliance Package
All-In-One Annual Nidhi Compliance
The complete peace-of-mind package for your Nidhi — NDH-1, NDH-3, AOC-4, MGT-7A, ITR-6, TDS on member deposits and Secretarial compliance under one dedicated CA. Nothing missed. Zero penalties. One fixed price.
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✅ Everything Included
✅ NDH-1 Annual Return (Nidhi)
✅ NDH-3 Half-Yearly Return (2x/year)
✅ AOC-4 Financial Statements
✅ MGT-7A Annual Return (ROC)
✅ Corporate Income Tax ITR-6
✅ TDS on Member Deposits Sec 194A
✅ NOF & Deposit Ratio Monitoring
✅ Dedicated CA on WhatsApp
📅 Annual Compliances — Mandatory Every Year
NDH Only
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NDH-1 Annual Return
Nidhi Annual Return
Annual return under Nidhi Rules filed with MCA by 30 April every year. Discloses member count, deposit totals, loan portfolio, NOF and compliance with Nidhi Rules 2014 ratios.
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NDH Only📝
NDH-3 Half-Yearly Return
Filed Twice a Year
Half-yearly return filed by 30 April (for Oct–Mar) and 31 October (for Apr–Sep) every year. Reports member additions, deposit movements and loan disbursements in that half-year period.
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Annual📋
MCA Annual Filing
AOC-4 + MGT-7A
Financial statements (AOC-4) by 29 October and Annual Return MGT-7A by 28 November every year — standard MCA filings required in addition to the Nidhi-specific NDH forms.
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Annual💰
Income Tax Filing — ITR-6
ITR-6 + Form 3CD
Nidhi files ITR-6 as a Public Company. Corporate tax at 22% (Sec 115BAA). Mandatory tax audit under Sec 44AB. Interest on member loans is primary taxable income.
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Quarterly💳
TDS on Member Interest
26Q — Sec 194A
TDS at 10% on interest paid to members exceeding ₹5,000 per year per member. Quarterly Form 26Q filing. Form 15G/15H acceptance from eligible members to avoid deduction.
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Monthly👥
Payroll & Staff Compliance
EPF + ESI + PT + TDS
Monthly payroll, EPF and ESI for Nidhi staff, professional tax, salary TDS (24Q) and Form 16. EPF mandatory when 20+ employees. ESI for employees earning below ₹21,000/month.
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🏦 Nidhi-Specific Compliance
Post-Incorp
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NDH-4 — Declare Nidhi Status
NDH-4 (One-Time)
Application to MCA for recognition as Nidhi within 1 year of incorporation. Must achieve 200 members and ₹20 lakh NOF before filing. Without NDH-4 approval, you cannot legally operate as a Nidhi.
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If Needed⏳
NDH-2 — Extension Application
NDH-2 to Regional Director
If your Nidhi cannot achieve 200 members or ₹20 lakh NOF within 1 year, apply for a 1-year extension via NDH-2 to the Regional Director before the deadline expires.
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Ongoing📐
NOF & Ratio Monitoring
Nidhi Rules 2014 Ratios
TAXAJ monitors your NOF-to-deposit ratio (must not exceed 1:20), 10% unencumbered term deposit requirement and member count. Alerts you before any Nidhi Rules violation occurs.
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Annual📑
DPT-3 — Return of Deposits
DPT-3 by 30 June
Annual return for money received — Nidhi member deposits are specifically exempted from Chapter V of Companies Act, but DPT-3 must still be filed disclosing exempt amounts. Due 30 June every year.
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Change👤
Director Changes
DIR-12
Nidhi must always maintain minimum 3 directors. All directors must be members of the Nidhi. Appointment/resignation via DIR-12 within 30 days. DIR-3 KYC annually by 30 September.
View Details →
Wind Up🔒
Close / Wind Up Nidhi
STK-2 / Voluntary Winding
Closure of a Nidhi requires returning all member deposits before filing STK-2. MCA may also cancel Nidhi status if NDH-4 not filed or ratios violated — TAXAJ helps manage the process.
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✅ Full Compliance Checklist
Everything Your Nidhi Must Do Every Year
TAXAJ tracks all NDH forms, ROC filings, tax returns and ratio compliance — nothing missed.
🏦 NDH Forms (Nidhi-Specific)
NDH-1: Annual Return under Nidhi Rules 30 Apr
NDH-3: Half-yearly return — Oct to Mar period 30 Apr
NDH-3: Half-yearly return — Apr to Sep period 31 Oct
NDH-4: Nidhi declaration (one-time, 1st year) Within 1 yr
NOF to deposit ratio check (max 1:20) Ongoing
10% unencumbered term deposit maintained Always
Member count maintained (min 200) Always
📋 MCA / ROC Filings
AOC-4: Financial Statements with ROC 29 Oct
MGT-7A: Annual Return 28 Nov
ADT-1: Auditor appointment / ratification 30 Sep
DIR-3 KYC: All directors 30 Sep
DPT-3: Return of deposits (member deposits) 30 Jun
MSME-1: Outstanding MSME payments Apr / Oct
4 Board Meetings minimum per year Quarterly
AGM: Annual General Meeting 30 Sep
💰 Tax Compliances
ITR-6: Corporate Income Tax Return 31 Oct
Tax Audit: Form 3CA / 3CD 30 Sep
Advance Tax: 4 quarterly installments Quarterly
TDS on member interest 194A — Form 26Q Quarterly
TDS on salary 24Q for staff Quarterly
Form 16A to members for interest TDS Quarterly
Form 15G / 15H from eligible members Apr every yr
📊 Secretarial & HR
Statutory registers — Members, Deposits, Directors Ongoing
Board Meeting minutes maintained Ongoing
Member register — additions and exits Ongoing
Deposit account statements to members Ongoing
Loan register with security details Ongoing
EPF / ESI for staff (if applicable) Monthly
GST if non-core services are provided Monthly
⚠️ Penalties
Consequences of Non-Compliance
Nidhi-specific non-compliance can result in MCA cancelling your Nidhi status — in addition to standard ROC and tax penalties.
| Filing / Obligation | Due Date | Penalty for Default | Risk |
|---|---|---|---|
| NDH-1 Annual Return | 30 April | ₹5,000 + ₹500 per day | Nidhi status cancellation |
| NDH-3 Half-Yearly Return | 30 Apr & 31 Oct | ₹5,000 + ₹500 per day | MCA non-compliance notice |
| NDH-4 Nidhi Declaration | Within 1 year | Cannot operate as Nidhi | Loss of Nidhi status |
| AOC-4 Financial Statements | 29 October | ₹100/day — no upper cap | Director disqualification |
| MGT-7A Annual Return | 28 November | ₹100/day — no upper cap | Company strike-off |
| ITR-6 Income Tax | 31 October | ₹5,000 late fee Sec 234F | Prosecution Sec 276CC |
| TDS on member interest 194A | 7th monthly | 1.5%/month interest + penalty | IT department notice |
| NOF:Deposit ratio breach (1:20) | Always | Directed to stop accepting deposits | MCA enforcement action |
⚙️ How It Works
TAXAJ Handles Nidhi Compliance in 4 Steps
01
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Share Nidhi Details
CIN, member register, deposit totals, loan portfolio, NOF details and previous filings via WhatsApp.
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02
👨💼
CA Assigned in 1 Hour
CA reviews Nidhi status, NDH filing history, ratio compliance and flags any NDH-4 or ratio issues.
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03
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All Filings Prepared
NDH-1, NDH-3, AOC-4, MGT-7A, ITR-6, TDS returns — all prepared and reviewed for your approval.
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04
✅
Filed & Monitored
All forms filed on MCA and IT portals. Ongoing NOF and ratio monitoring. SRNs and acknowledgements shared.
🏆 Why TAXAJ
Why 300+ Nidhi Companies Trust TAXAJ
Nidhi-specific expertise — NDH forms, ratio monitoring and member TDS all in one team.
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NDH Filing Specialists
Few CAs know NDH-1, NDH-3 and NDH-4 forms. TAXAJ files these every year for 300+ Nidhis.
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NOF & Ratio Monitoring
TAXAJ tracks your 1:20 ratio and 10% term deposit threshold — alerts you before any violation.
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WhatsApp Deadline Alerts
NDH-3 is due twice a year — TAXAJ sends reminders 15 days before each deadline on WhatsApp.
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Member Interest TDS
Sec 194A TDS on member interest — TAXAJ calculates member-wise, files 26Q and issues Form 16A.
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Zero Late Penalties
No TAXAJ Nidhi client has had their NDH filing overdue or Nidhi status at risk on our watch.
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WhatsApp-First CA
Same-day CA responses on WhatsApp — no call centres, no ticket systems.
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Pan-India Coverage
Delhi, Bihar, Bangalore, Goa and all ROC jurisdictions across India — one unified team.
⚠️
MCA Notice Handling
Any MCA notice related to Nidhi status or ROC filings — handled by our CA at no extra charge.
❓ FAQ
Frequently Asked Questions — Nidhi Compliance
NDH-1 is the Annual Return under Nidhi Rules — filed once a year by 30 April. Contains member count, deposits, loans outstanding and NOF. NDH-3 is the Half-Yearly Return — filed twice a year: by 30 April for the October-March period and by 31 October for the April-September period. NDH-4 is the one-time application filed within 1 year of incorporation to be declared as a Nidhi by MCA — you must have 200 members and ₹20 lakh NOF before this filing. These are specific to Nidhi and not required for any other company type.
Under Nidhi Rules 2014, a Nidhi Company must always maintain a Net Owned Fund to Deposit ratio of not more than 1:20. This means for every ₹1 of NOF (paid-up capital + free reserves), the Nidhi can accept maximum ₹20 of deposits from members. If your NOF is ₹20 lakh, you can accept maximum ₹4 crore in deposits. Additionally, 10% of outstanding deposits must be kept in unencumbered fixed deposits with scheduled commercial banks at all times. TAXAJ monitors this ratio continuously for all Nidhi clients.
Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA) — not RBI. Although they accept deposits and give loans like NBFCs, Nidhi Companies are specifically exempt from RBI regulations under Section 406 of Companies Act 2013. They are governed by Nidhi Rules 2014 and Nidhi (Amendment) Rules 2022. The Central Government (MCA) can issue directions and cancel Nidhi status for non-compliance. Nidhi Companies are NOT allowed to deal with any person or entity who is not a member.
A Nidhi must achieve a minimum of 200 members within 1 year of incorporation — this is a mandatory threshold under Nidhi Rules 2014 Rule 5. At least 3 directors are required at all times and all directors must be members of the Nidhi. If 200 members are not achieved within 1 year, the Nidhi must apply for extension via NDH-2 to the Regional Director before the deadline. Non-compliance with member threshold can result in MCA declining Nidhi status via NDH-4.
No. The core lending and deposit activities of a Nidhi Company — interest income on member loans and interest paid on member deposits — are exempt from GST. Financial services by Nidhi Companies to their members are not taxable under GST. However, if the Nidhi provides any non-core services such as locker facility, safe custody or other fee-based services above the GST threshold of ₹20 lakh turnover, those specific services may attract GST. TAXAJ reviews each Nidhi's GST position annually.
Under Section 194A, a Nidhi Company must deduct TDS at 10% on interest paid to any member where the interest exceeds ₹5,000 in a year. This is reported in Form 26Q (quarterly TDS return) and Form 16A (TDS certificate) is issued to the member. Members who are below the income tax exemption limit can submit Form 15G (for individuals below 60 years) or Form 15H (for senior citizens above 60 years) to avoid TDS deduction. TAXAJ manages member-wise TDS tracking and quarterly filings for all Nidhi clients.
No. Under Nidhi Rules 2014, a Nidhi Company can only lend to its members — not to any non-member or outsider. Loans can only be secured loans against gold, silver, jewellery, government securities, fixed deposits or property. Nidhi Companies are prohibited from: taking deposits from or lending to non-members, issuing preference shares or debentures, opening current accounts with members, investing in shares or securities, conducting hire purchase or chit fund business, and paying any brokerage or incentive for deposits.
🔗 Related Services
More TAXAJ Services for Your Nidhi
🏦
Register New Nidhi
New incorporation
💰
Company ITR-6
Nidhi tax return
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TDS — Member Interest
Sec 194A + 26Q
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MCA Annual Filing
AOC-4 + MGT-7A
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DSC Certificate
Class 3 for MCA
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GST Registration
If applicable
👥
Payroll & EPF/ESI
Staff compliance
👤
Director Changes
DIR-12 filing
⚠️
IT / MCA Notice
Expert response
🧑💼
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