**Nidhi companies** primarily engage in borrowing and lending among their **members**. As non-banking financial entities, they are governed by the guidelines of the **Nidhi Company Act, 2014**, and are exempt from adhering to certain provisions of the Companies Act, 2013.
Annual compliance for Nidhi companies requires the **mandatory submission of NDH-1, NDH-2, and NDH-3** applications, along with other legal actions. Neglecting these requirements can result in **imprisonment and fines of up to ₹5,000** (as per original penalty) and, more importantly, expose the company to the **substantially increased penalties** recently notified by the MCA and Income Tax Department, which can run into lakhs.
**Sujata Associates**, a prominent firm in Kolkata serving clients throughout India, offers comprehensive **Annual Compliance support for Nidhi companies**. Choose us as your legal partner to ensure smooth business operations without legal complications. We handle registrations, the creation of legal contracts, and auditing on your behalf.
The penalty structure for non-compliance has been recently increased, making timely and professional filing essential:
Get a complimentary estimate for your Nidhi Company's Annual Compliance.
Inclusive of all taxes. For companies with turnover less than **₹25 Lakhs** per annum.
Inclusive of all taxes. For companies with turnover less than **₹100 Lakhs** per annum.
Your trusted legal partner for seamless, budget-friendly compliance management.
Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.
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