NDH-1 DUE DATE
This query is : Resolved
11 July 2021
Do we need to file NDH-1 every year or only once after the completion of first FY
12 July 2021
It has to be filed in the first year within 90 days from end of financial year.
In case the Nidhi company fails to meet the minimum requirement of having 200 members in the year of its incorporation and maintaining ratio of Net Owned Funds to deposits of not more than 1:20, then it has to seek extension from Regional Director within 30 days from end of first financial year, for complying the same in second year. So it has to file NDH-1 in second year.
In case the Nidhi company fails to meet the minimum requirement of having 200 members in the year of its incorporation and maintaining ratio of Net Owned Funds to deposits of not more than 1:20, then it has to seek extension from Regional Director within 30 days from end of first financial year, for complying the same in second year. So it has to file NDH-1 in second year.
12 July 2021
but as per rules it has to be filed after the end of first financial year. Further the form also demands the data as per the details of the first financial year only.
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